Forbidden Foods (ASX:FFF) Receivables Turnover : 5.70 (As of Dec. 2023)

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What is Forbidden Foods 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. Forbidden Foods's Revenue for the six months ended in Dec. 2023 was A$1.46 Mil. Forbidden Foods's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.26 Mil. Hence, Forbidden Foods's Receivables Turnover for the six months ended in Dec. 2023 was 5.70.

Forbidden Foods Receivables Turnover Historical Data

The historical data trend for Forbidden Foods'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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Forbidden Foods Receivables Turnover Chart

Forbidden Foods Annual Data

Trend

Jun21

Jun22

Jun23

Receivables Turnover

9.10

11.26

8.10

Forbidden Foods Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			4.32	3.83	3.71	2.75	5.70

Competitive Comparison of Forbidden Foods's Receivables Turnover

For the Packaged Foods subindustry, Forbidden Foods'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.

Forbidden Foods's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Forbidden Foods's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Forbidden Foods's Receivables Turnover falls into.

Forbidden Foods Receivables Turnover Calculation

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

Forbidden Foods's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	3.733	/ (	(0.707	+	0.215)	/	2 )
=	3.733	/	0.461
=	8.10

Forbidden Foods's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1.463	/ (	(0.215	+	0.298)	/	2 )
=	1.463	/	0.2565
=	5.70

Forbidden Foods (ASX:FFF) 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.

Forbidden Foods Receivables Turnover Related Terms

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Forbidden Foods (ASX:FFF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Forbidden Foods Ltd (ASX:FFF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

16/663 Victoria Street, Abbotsford, Melbourne, VIC, AUS, 3067

Website

https://www.forbiddenfoods.com.au

Forbidden Foods Ltd is an Australian owned and managed food company specialising in the sourcing and development of health focused food products for retail and food service in Australia and abroad.

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