BRF (BSP:BRFS3) Receivables Turnover : 2.96 (As of Mar. 2024)

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What is BRF 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. BRF's Revenue for the three months ended in Mar. 2024 was R$13,378 Mil. BRF's average Accounts Receivable for the three months ended in Mar. 2024 was R$4,524 Mil. Hence, BRF's Receivables Turnover for the three months ended in Mar. 2024 was 2.96.

BRF Receivables Turnover Historical Data

The historical data trend for BRF'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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BRF Receivables Turnover Chart

BRF Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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11.51

10.92

11.83

13.08

11.98

BRF Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															3.38	3.48	3.66	3.24	2.96

Competitive Comparison of BRF's Receivables Turnover

For the Packaged Foods subindustry, BRF'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.

BRF's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

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

BRF Receivables Turnover Calculation

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

BRF's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	53615.44	/ (	(4187.756	+	4766.071)	/	2 )
=	53615.44	/	4476.9135
=	11.98

BRF's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	13377.509	/ (	(4766.071	+	4281.896)	/	2 )
=	13377.509	/	4523.9835
=	2.96

BRF (BSP:BRFS3) 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.

BRF Receivables Turnover Related Terms

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BRF (BSP:BRFS3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » BRF SA (BSP:BRFS3) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

BRFS:USA BRFS:Mexico P5Y:Germany BRFS:Argentina

Address

Avenida das Nacoes Unidas, 8501 – 1st Floor, Pinheiros, Sao Paulo, SP, BRA, 05425-070

Website

https://www.brf-global.com

BRF SA is an international producer of fresh and frozen protein foods. The firm's segments are In natura (poultry, pork, bovine, and other), Processed foods, and Other sales. The product portfolio includes marinated, frozen, whole and cut meat, specialty meats, portioned products, and frozen prepared entrees. The company also offers margarine, sweet specialties, sandwiches, mayonnaise, and animal feed. Its most well-known brands are Sadia, Chester, Perdix, Paty, Perdigao, and Qualy. Internationally, the portfolio's leading brand is Sadia, which is present in multiple categories in Middle Eastern countries. Geographically, sales are distributed evenly between Brazil and international markets.

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