Finsbury Food Group (FRA:GYZ) Receivables Turnover : 3.48 (As of Jun. 2023)

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What is Finsbury Food 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. Finsbury Food Group's Revenue for the six months ended in Jun. 2023 was €259.7 Mil. Finsbury Food Group's average Accounts Receivable for the six months ended in Jun. 2023 was €74.6 Mil. Hence, Finsbury Food Group's Receivables Turnover for the six months ended in Jun. 2023 was 3.48.

Finsbury Food Group Receivables Turnover Historical Data

The historical data trend for Finsbury Food 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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Finsbury Food Group Receivables Turnover Chart

Finsbury Food Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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7.35

7.51

7.81

7.35

7.10

Finsbury Food Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial															3.42	3.40	3.64	3.30	3.48

Competitive Comparison of Finsbury Food Group's Receivables Turnover

For the Packaged Foods subindustry, Finsbury Food 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.

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

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

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

Finsbury Food Group Receivables Turnover Calculation

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

Finsbury Food 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 )
=	482.172	/ (	(59.779	+	75.989)	/	2 )
=	482.172	/	67.884
=	7.10

Finsbury Food Group's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	259.657	/ (	(73.123	+	75.989)	/	2 )
=	259.657	/	74.556
=	3.48

Finsbury Food Group (FRA:GYZ) 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.

Finsbury Food Group Receivables Turnover Related Terms

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Finsbury Food Group (FRA:GYZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Finsbury Food Group PLC (FRA:GYZ) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

Maes-y-coed Road, Cardiff, GBR, CF14 4XR

Website

https://www.finsburyfoods.co.uk

Finsbury Food Group PLC is a United Kingdom-based bakery manufacturer. The company is engaged in producing a range of cakes, bread and bakery snack products for retailers and the foodservice channel. Its segments include UK bakery and Overseas. most of its revenue is generated from its UK bakery segment. Geographically the company operates in the United Kingdom; Europe; and Rest of the world and it earns most of its revenue from United Kingdom segment. Finsbury Food offers products like rolls, artisan bread, hot cross buns, muffins and morning pastries for both the retail and foodservice sectors.

Finsbury Food Group (FRA:GYZ) Headlines

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