Animalcare Group (LSE:ANCR) Receivables Turnover : 2.77 (As of Dec. 2023)

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What is Animalcare 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. Animalcare Group's Revenue for the six months ended in Dec. 2023 was £37.64 Mil. Animalcare Group's average Accounts Receivable for the six months ended in Dec. 2023 was £13.58 Mil. Hence, Animalcare Group's Receivables Turnover for the six months ended in Dec. 2023 was 2.77.

Animalcare Group Receivables Turnover Historical Data

The historical data trend for Animalcare 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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Animalcare Group Receivables Turnover Chart

Animalcare Group Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.93

6.70

8.57

6.92

5.54

Animalcare Group Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															4.02	3.66	2.43	2.68	2.77

Competitive Comparison of Animalcare Group's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Animalcare 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.

Animalcare Group's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Animalcare Group's Receivables Turnover distribution charts can be found below:

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

Animalcare Group Receivables Turnover Calculation

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

Animalcare Group'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 )
=	74.351	/ (	(13.568	+	13.294)	/	2 )
=	74.351	/	13.431
=	5.54

Animalcare Group'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 )
=	37.639	/ (	(13.857	+	13.294)	/	2 )
=	37.639	/	13.5755
=	2.77

Animalcare Group (LSE:ANCR) 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.

Animalcare Group Receivables Turnover Related Terms

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Animalcare Group (LSE:ANCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Animalcare Group PLC (LSE:ANCR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ANCR.GB:UK

Address

Monks Cross Drive, Moorside, York, GBR, YO32 9LB

Website

https://www.animalcaregroup.com

Animalcare Group PLC is active in the healthcare division in the United Kingdom. It is a generic veterinary medicines company. The company mainly caters to veterinary professionals in the treatment of companion animals through a product line comprised of licensed veterinary medicines and companion animal identification products and services. Its only reportable segment is Pharmaceutical which includes the development and marketing of innovative pharmaceutical products. The company has a presence in Belgium, The Netherlands, Germany, Italy, Portugal, European Union - Other, Asia, Middle East Africa, Spain, the United Kingdom, and Other Countries of which Spain derives a majority of revenue to the company.

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