Bon Natural Life (Bon Natural Life) Receivables Turnover : 2.22 (As of Sep. 2023)

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What is Bon Natural Life 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. Bon Natural Life's Revenue for the six months ended in Sep. 2023 was $15.37 Mil. Bon Natural Life's average Accounts Receivable for the six months ended in Sep. 2023 was $6.93 Mil. Hence, Bon Natural Life's Receivables Turnover for the six months ended in Sep. 2023 was 2.22.

Bon Natural Life Receivables Turnover Historical Data

The historical data trend for Bon Natural Life'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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Bon Natural Life Receivables Turnover Chart

Bon Natural Life Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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4.21

3.31

4.28

4.62

5.19

Bon Natural Life Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial						1.84	2.00	2.27	1.76	2.22

Competitive Comparison of Bon Natural Life's Receivables Turnover

For the Packaged Foods subindustry, Bon Natural Life'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.

Bon Natural Life's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Bon Natural Life's Receivables Turnover falls into.

Bon Natural Life Receivables Turnover Calculation

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

Bon Natural Life'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 )
=	29.522	/ (	(6.784	+	4.602)	/	2 )
=	29.522	/	5.693
=	5.19

Bon Natural Life'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 )
=	15.372	/ (	(9.26	+	4.602)	/	2 )
=	15.372	/	6.931
=	2.22

Bon Natural Life (NAS:BON) 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.

Bon Natural Life Receivables Turnover Related Terms

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Bon Natural Life (Bon Natural Life) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bon Natural Life Ltd (NAS:BON) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

C601, Gazelle Valley, No.69 Jinye Road, Xi’an Hi-tech Zone, Xi’an, CHN, 710077

Website

https://www.bnlus.com

Bon Natural Life Ltd is engaged in the manufacturing of personal care ingredients, such as plant extracted fragrance compounds to perfume and fragrance manufacturers, natural health supplements such as powder drinks and bioactive food ingredient products mostly used as food additives and nutritional supplements. The company has its geographic presence in PRC and in Overseas.