African Discovery Group (African Discovery Group) Receivables Turnover : 0.33 (As of Aug. 2023)

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What is African Discovery Group 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. African Discovery Group's Revenue for the six months ended in Aug. 2023 was $0.15 Mil. African Discovery Group's average Accounts Receivable for the six months ended in Aug. 2023 was $0.46 Mil. Hence, African Discovery Group's Receivables Turnover for the six months ended in Aug. 2023 was 0.33.

African Discovery Group Receivables Turnover Historical Data

The historical data trend for African Discovery Group'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.

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African Discovery Group Receivables Turnover Chart

African Discovery Group Annual Data

Trend

Dec10

Feb12

Feb13

Feb15

Feb16

Feb17

Receivables Turnover

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17.54

17.97

African Discovery Group Semi-Annual Data
	Jun10	Dec10	Jun11	Feb12	Aug12	Feb13	Aug13	Feb15	Aug15	Feb16	Aug16	Feb17	Aug22	Aug23
Receivables Turnover	Get a 7-Day Free Trial									8.73	9.52	8.54	0.80	0.33

Competitive Comparison of African Discovery Group's Receivables Turnover

For the Conglomerates subindustry, African Discovery Group'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.

African Discovery Group's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, African Discovery Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where African Discovery Group's Receivables Turnover falls into.

African Discovery Group Receivables Turnover Calculation

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

African Discovery Group's Receivables Turnover for the fiscal year that ended in Feb. 2017 is calculated as

	Receivables Turnover (A: Feb. 2017 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Feb. 2017 )	/ (	(Accounts Receivable (A: Feb. 2016 )	+	Accounts Receivable (A: Feb. 2017 ))	/	count )
=	3.109	/ (	(0.158	+	0.188)	/	2 )
=	3.109	/	0.173
=	17.97

African Discovery Group's Receivables Turnover for the quarter that ended in Aug. 2023 is calculated as

	Receivables Turnover (Q: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Aug. 2023 )	/ (	(Accounts Receivable (Q: Aug. 2022 )	+	Accounts Receivable (Q: Aug. 2023 ))	/	count )
=	0.15	/ (	(0	+	0.456)	/	1 )
=	0.15	/	0.456
=	0.33

African Discovery Group (OTCPK:AFDG) 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.

African Discovery Group Receivables Turnover Related Terms

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African Discovery Group (African Discovery Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » African Discovery Group Inc (OTCPK:AFDG) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

445 Park Avenue, Ninth Floor, New York, NY, USA, 10022

Website

https://www.africandiscoverygroup.com

African Discovery Group Inc primary business from which it currently generates revenue includes power, agriculture/sustainability, media, strategic minerals, and finance sectors on the African continent.

African Discovery Group (African Discovery Group) Headlines

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African Discovery Group, Inc. Announces Completion of Capital Raise

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By PRNewswire PRNewswire • 02-25-2021