Fufeng Group (FRA:FFO1) Receivables Turnover : 7.76 (As of Dec. 2023)

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What is Fufeng 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. Fufeng Group's Revenue for the six months ended in Dec. 2023 was €1,853 Mil. Fufeng Group's average Accounts Receivable for the six months ended in Dec. 2023 was €239 Mil. Hence, Fufeng Group's Receivables Turnover for the six months ended in Dec. 2023 was 7.76.

Fufeng Group Receivables Turnover Historical Data

The historical data trend for Fufeng 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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Fufeng Group Receivables Turnover Chart

Fufeng Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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25.82

26.57

27.07

15.95

10.76

Fufeng Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															14.17	13.68	8.92	7.79	7.76

Competitive Comparison of Fufeng Group's Receivables Turnover

For the Specialty Chemicals subindustry, Fufeng 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.

Fufeng Group's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Fufeng Group's Receivables Turnover distribution charts can be found below:

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

Fufeng Group Receivables Turnover Calculation

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

Fufeng Group'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 )
=	3596.861	/ (	(320.447	+	348.274)	/	2 )
=	3596.861	/	334.3605
=	10.76

Fufeng 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 )
=	1852.8	/ (	(128.997	+	348.274)	/	2 )
=	1852.8	/	238.6355
=	7.76

Fufeng Group (FRA:FFO1) 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.

Fufeng Group Receivables Turnover Related Terms

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Fufeng Group (FRA:FFO1) Business Description

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00546:Hong Kong

Address

12/F, Tower 3,33 Canton Road, Suite 1204B–7A China, Tsim Sha Tsui, Kowloon, Hong Kong City, HKG

Website

http://www.fufeng-group.com

Fufeng Group Ltd manufactures and sells a variety of chemicals primarily used by the food and agricultural industries. The company's operating segments include Food additives; Animal nutrition; High-end amino acid; Colloid and others. It generates maximum revenue from the Food additives segment. The Food additives segment is engaged in the manufacturing and sale of food additives products, including monosodium glutamate (MSG), starch sweeteners, glutamic acid, compound seasoning and corn oil. The majority of revenue comes from China.

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