Ingles Markets (FRA:IN3A) Receivables Turnover : 12.11 (As of Mar. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Ingles Markets 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. Ingles Markets's Revenue for the three months ended in Mar. 2024 was €1,258 Mil. Ingles Markets's average Accounts Receivable for the three months ended in Mar. 2024 was €104 Mil. Hence, Ingles Markets's Receivables Turnover for the three months ended in Mar. 2024 was 12.11.

Ingles Markets Receivables Turnover Historical Data

The historical data trend for Ingles Markets'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.

Ingles Markets Receivables Turnover Chart

Ingles Markets Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

Get a 7-Day Free Trial

60.87

58.25

56.57

64.10

55.51

Ingles Markets 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															12.61	14.42	15.32	13.07	12.11

Competitive Comparison of Ingles Markets's Receivables Turnover

For the Grocery Stores subindustry, Ingles Markets'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.

Ingles Markets's Receivables Turnover Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Ingles Markets's Receivables Turnover distribution charts can be found below:

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

Ingles Markets Receivables Turnover Calculation

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

Ingles Markets'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 )
=	5521.537	/ (	(98.13	+	100.794)	/	2 )
=	5521.537	/	99.462
=	55.51

Ingles Markets'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 )
=	1258.082	/ (	(107.058	+	100.688)	/	2 )
=	1258.082	/	103.873
=	12.11

Ingles Markets (FRA:IN3A) 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.

Ingles Markets Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Ingles Markets's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Ingles Markets (FRA:IN3A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ingles Markets Inc (FRA:IN3A) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

IMKTA:USA

Address

2913 U.S. Highway 70 West, Black Mountain, NC, USA, 28711

Website

https://www.ingles-markets.com

Ingles Markets Inc is a U.S.-based company that is principally engaged in operating a supermarket chain. The company operates the business in the southeast United States, mainly in Georgia, North Carolina, South Carolina, and Tennessee, with a few stores in Virginia and Alabama as well. The company locates its stores majorly in suburban areas, small towns, and neighborhood areas. It offers a broad range of goods, including food products, pharmacies, health and beauty care products, and general merchandise. The retail business contributes the majority of the company's revenue. The company's real estate ownership of a material portion of total stores enables it to generate rental income.

Ingles Markets (FRA:IN3A) Headlines

No Headlines