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Seafarms Group (ASX:SFG) Receivables Turnover : 4.47 (As of Dec. 2023)


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What is Seafarms 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. Seafarms Group's Revenue for the six months ended in Dec. 2023 was A$20.24 Mil. Seafarms Group's average Accounts Receivable for the six months ended in Dec. 2023 was A$4.53 Mil. Hence, Seafarms Group's Receivables Turnover for the six months ended in Dec. 2023 was 4.47.


Seafarms Group Receivables Turnover Historical Data

The historical data trend for Seafarms 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.

* Premium members only.

Seafarms Group Receivables Turnover Chart

Seafarms Group Annual Data
Trend Sep13 Sep14 Sep15 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.55 15.08 13.16 15.41 21.88

Seafarms Group Semi-Annual Data
Sep13 Mar14 Sep14 Mar15 Sep15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 4.35 1.20 5.52 3.27 4.47

Competitive Comparison of Seafarms Group's Receivables Turnover

For the Farm Products subindustry, Seafarms 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.


Seafarms Group's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

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



Seafarms Group Receivables Turnover Calculation

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

Seafarms Group'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 )
=25.918 / ((0.995 + 1.374) / 2 )
=25.918 / 1.1845
=21.88

Seafarms Group'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 )
=20.243 / ((1.374 + 7.687) / 2 )
=20.243 / 4.5305
=4.47

* 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.


Seafarms Group  (ASX:SFG) 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.


Seafarms Group Receivables Turnover Related Terms

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Seafarms Group (ASX:SFG) Business Description

Traded in Other Exchanges
N/A
Address
66 Smith Street, Level 6, Darwin, NT, AUS, 0800
Seafarms Group Ltd is an Australian agri-food company engaged in providing production platforms for producing high-quality seafood. The company's operating segment include Aquaculture and others. It generates maximum revenue from the Aquaculture segment. The company's project includes Sea Dragon and operates a black tiger and banana prawn aquaculture business located in North Queensland. Its product profile includes crystal bay prawns and crystal bay tigers.

Seafarms Group (ASX:SFG) Headlines

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