Sinofert Holdings (FRA:WCQ1) Receivables Turnover : 58.70 (As of Dec. 2023)

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What is Sinofert Holdings 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. Sinofert Holdings's Revenue for the six months ended in Dec. 2023 was €1,105 Mil. Sinofert Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was €19 Mil. Hence, Sinofert Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 58.70.

Sinofert Holdings Receivables Turnover Historical Data

The historical data trend for Sinofert Holdings'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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Sinofert Holdings Receivables Turnover Chart

Sinofert Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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570.58

567.30

633.50

97.16

86.72

Sinofert Holdings 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															68.03	71.94	18.29	37.11	58.70

Competitive Comparison of Sinofert Holdings's Receivables Turnover

For the Agricultural Inputs subindustry, Sinofert Holdings'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.

Sinofert Holdings's Receivables Turnover Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Sinofert Holdings's Receivables Turnover distribution charts can be found below:

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

Sinofert Holdings Receivables Turnover Calculation

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

Sinofert Holdings'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 )
=	2790.494	/ (	(58.961	+	5.397)	/	2 )
=	2790.494	/	32.179
=	86.72

Sinofert Holdings'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 )
=	1104.504	/ (	(32.236	+	5.397)	/	2 )
=	1104.504	/	18.8165
=	58.70

Sinofert Holdings (FRA:WCQ1) 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.

Sinofert Holdings Receivables Turnover Related Terms

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Sinofert Holdings (FRA:WCQ1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Sinofert Holdings Ltd (FRA:WCQ1) » Definitions » Receivables Turnover

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Traded in Other Exchanges

SNFRF:USA 00297:Hong Kong WCQ1:Germany

Address

1 Harbour Road, Units 4705, 47th Floor, Office Tower, Convention Plaza, Wanchai, Hong Kong, HKG

Website

http://www.sinofert.com

Sinofert Holdings Ltd is an investment holding company. The company operates in two segments: Basic Fertilizers Segment, Distribution Segment, and Production Segment. The Basic Fertilizers Segment is engaged in the sales of straight fertilizers such as nitrogen, phosphate, and potash. The Distribution segment engages in the building of distribution channels, procurement, and sales of compound fertilizers and new types of fertilizers. The Production Segment is responsible for the production and sales of fertilizers and MCP/DCP. The majority of its revenue comes from the Basic Fertilizers segment. Geographically, the company generates majority of its revenue from Mainland China.

Sinofert Holdings (FRA:WCQ1) Headlines

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