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Incitec Pivot (ASX:IPL) Receivables Turnover : 4.79 (As of Sep. 2023)


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What is Incitec Pivot Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Incitec Pivot's Revenue for the six months ended in Sep. 2023 was A$2,804 Mil. Incitec Pivot's average Accounts Receivable for the six months ended in Sep. 2023 was A$586 Mil. Hence, Incitec Pivot's Receivables Turnover for the six months ended in Sep. 2023 was 4.79.


Incitec Pivot Receivables Turnover Historical Data

The historical data trend for Incitec Pivot's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Incitec Pivot Receivables Turnover Chart

Incitec Pivot Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.40 11.67 10.24 10.52 8.44

Incitec Pivot Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.78 4.55 5.60 3.97 4.79

Competitive Comparison of Incitec Pivot's Receivables Turnover

For the Specialty Chemicals subindustry, Incitec Pivot's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Incitec Pivot's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Incitec Pivot's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Incitec Pivot's Receivables Turnover falls into.



Incitec Pivot Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Incitec Pivot's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

Receivables Turnover (A: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Sep. 2023 ) / ((Accounts Receivable (A: Sep. 2022 ) + Accounts Receivable (A: Sep. 2023 )) / count )
=5410.9 / ((712.1 + 570.1) / 2 )
=5410.9 / 641.1
=8.44

Incitec Pivot's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

Receivables Turnover (Q: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2023 ) / ((Accounts Receivable (Q: Mar. 2023 ) + Accounts Receivable (Q: Sep. 2023 )) / count )
=2804.3 / ((601.8 + 570.1) / 2 )
=2804.3 / 585.95
=4.79

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Incitec Pivot  (ASX:IPL) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.


Incitec Pivot Receivables Turnover Related Terms

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Incitec Pivot (ASX:IPL) Business Description

Traded in Other Exchanges
Address
28 Freshwater Place, Level 8, Southbank, Melbourne, VIC, AUS, 3006
Incitec Pivot is a leading global explosives company with operations in Australia, Asia, and the Americas. We estimate its share of the global commercial explosives market at about 15%. Explosives contributes around 80% of EBIT. Incitec Pivot is also a major Australian fertilizer producer and distributor and is the only Australian manufacturer of ammonium phosphates and urea. Ammonium phosphates are sold in the domestic market and exported.

Incitec Pivot (ASX:IPL) Headlines

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