Pick N Pay Stores (JSE:PIK) Receivables Turnover : 13.11 (As of Feb. 2024)

View and export this data going back to 1968. Start your Free Trial

What is Pick N Pay Stores 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. Pick N Pay Stores's Revenue for the six months ended in Feb. 2024 was R58,233 Mil. Pick N Pay Stores's average Accounts Receivable for the six months ended in Feb. 2024 was R4,441 Mil. Hence, Pick N Pay Stores's Receivables Turnover for the six months ended in Feb. 2024 was 13.11.

Pick N Pay Stores Receivables Turnover Historical Data

The historical data trend for Pick N Pay Stores'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.

Pick N Pay Stores Receivables Turnover Chart

Pick N Pay Stores Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Receivables Turnover

Get a 7-Day Free Trial

21.08

23.53

24.62

24.55

25.73

Pick N Pay Stores Semi-Annual Data
	Aug14	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															11.41	12.02	12.56	11.88	13.11

Competitive Comparison of Pick N Pay Stores's Receivables Turnover

For the Department Stores subindustry, Pick N Pay Stores'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.

Pick N Pay Stores's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Pick N Pay Stores's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Pick N Pay Stores's Receivables Turnover falls into.

Pick N Pay Stores Receivables Turnover Calculation

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

Pick N Pay Stores'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 )
=	112294.8	/ (	(4472	+	4255.3)	/	2 )
=	112294.8	/	4363.65
=	25.73

Pick N Pay Stores'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 )
=	58233.3	/ (	(4627.4	+	4255.3)	/	2 )
=	58233.3	/	4441.35
=	13.11

Pick N Pay Stores (JSE:PIK) 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.

Pick N Pay Stores Receivables Turnover Related Terms

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

Pick N Pay Stores (JSE:PIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Pick N Pay Stores Ltd (JSE:PIK) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

PIK:Germany

Address

101 Rosmead Avenue, Pick n Pay Office Park, Kenilworth, Cape Town, WC, ZAF, 7708

Website

https://www.pnp.co.za

Pick N Pay Stores Ltd is a South African multiformat and multichannel retailer. The company operates in South Africa, Namibia, Botswana, Zambia, Mozambique, Mauritius, Swaziland, and Lesotho. The company offers food and groceries, clothing, general merchandise, and services across multiple store formats, both franchised and owned. The customer base is mainly represented by middle-income South African consumer. The portfolio of stores is composed of supermarkets, hypermarkets, local shops, express shops, clothing shops, liquor stores, pharmacies, and an Internet shopping platform.