Dis-Chem Pharmacies (JSE:DCP) Receivables Turnover : 9.07 (As of Feb. 2024)

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What is Dis-Chem Pharmacies 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. Dis-Chem Pharmacies's Revenue for the six months ended in Feb. 2024 was R18,427 Mil. Dis-Chem Pharmacies's average Accounts Receivable for the six months ended in Feb. 2024 was R2,032 Mil. Hence, Dis-Chem Pharmacies's Receivables Turnover for the six months ended in Feb. 2024 was 9.07.

Dis-Chem Pharmacies Receivables Turnover Historical Data

The historical data trend for Dis-Chem Pharmacies'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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Dis-Chem Pharmacies Receivables Turnover Chart

Dis-Chem Pharmacies Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Receivables Turnover

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42.17

39.86

38.57

31.35

28.08

Dis-Chem Pharmacies Semi-Annual Data
	Feb14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															11.17	10.75	9.69	9.16	9.07

Competitive Comparison of Dis-Chem Pharmacies's Receivables Turnover

For the Pharmaceutical Retailers subindustry, Dis-Chem Pharmacies'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.

Dis-Chem Pharmacies's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Dis-Chem Pharmacies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Dis-Chem Pharmacies's Receivables Turnover falls into.

Dis-Chem Pharmacies Receivables Turnover Calculation

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

Dis-Chem Pharmacies's Receivables Turnover for the fiscal year that ended in Feb. 2024 is calculated as

	Receivables Turnover (A: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Feb. 2024 )	/ (	(Accounts Receivable (A: Feb. 2023 )	+	Accounts Receivable (A: Feb. 2024 ))	/	count )
=	36283.476	/ (	(1209.51	+	1374.422)	/	2 )
=	36283.476	/	1291.966
=	28.08

Dis-Chem Pharmacies's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Aug. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	18427.477	/ (	(2688.698	+	1374.422)	/	2 )
=	18427.477	/	2031.56
=	9.07

Dis-Chem Pharmacies (JSE:DCP) 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.

Dis-Chem Pharmacies Receivables Turnover Related Terms

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Dis-Chem Pharmacies (JSE:DCP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Dis-Chem Pharmacies Ltd (JSE:DCP) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

23 Stag Road, Glen Austin, Midrand, Johannesburg, GT, ZAF, 1685

Website

https://www.dischem.co.za

Dis-Chem Pharmacies Ltd is a pharmaceutical company based in South Africa. Its product portfolio includes personal care products, beauty products, healthcare and nutrition products, and dispensary and baby care products. The operating segments of the group are Retail and Wholesale. It derives maximum revenue from the Retail segment, which includes company stores, retailers of pharmaceutical and a variety of health and beauty products, as well as pharma-logistic services and oncology and retailers of pharmaceutical products. The Wholesale segment consists of the CJ wholesale and company distribution businesses, wholesalers of pharmaceuticals, and a variety of health and beauty products. Geographically, the group carries its business operations principally in South Africa.