China Food Co (LSE:CFC) Receivables Turnover : 4.95 (As of Jun. 2013)

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What is China Food Co 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. China Food Co's Revenue for the six months ended in Jun. 2013 was £6.33 Mil. China Food Co's average Accounts Receivable for the six months ended in Jun. 2013 was £1.28 Mil. Hence, China Food Co's Receivables Turnover for the six months ended in Jun. 2013 was 4.95.

China Food Co Receivables Turnover Historical Data

The historical data trend for China Food Co'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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China Food Co Receivables Turnover Chart

China Food Co Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Receivables Turnover

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93.59

114.07

81.78

79.76

73.34

China Food Co Semi-Annual Data
	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13
Receivables Turnover	Get a 7-Day Free Trial						8.39	32.15	5.96	5.21	4.95

Competitive Comparison of China Food Co's Receivables Turnover

For the Packaged Foods subindustry, China Food Co'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.

China Food Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, China Food Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Food Co's Receivables Turnover falls into.

China Food Co Receivables Turnover Calculation

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

China Food Co's Receivables Turnover for the fiscal year that ended in Dec. 2011 is calculated as

	Receivables Turnover (A: Dec. 2011 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2011 )	/ (	(Accounts Receivable (A: Dec. 2010 )	+	Accounts Receivable (A: Dec. 2011 ))	/	count )
=	40.227	/ (	(0.554	+	0.543)	/	2 )
=	40.227	/	0.5485
=	73.34

China Food Co's Receivables Turnover for the quarter that ended in Jun. 2013 is calculated as

	Receivables Turnover (Q: Jun. 2013 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2013 )	/ (	(Accounts Receivable (Q: Dec. 2012 )	+	Accounts Receivable (Q: Jun. 2013 ))	/	count )
=	6.332	/ (	(1.278	+	0)	/	1 )
=	6.332	/	1.278
=	4.95

China Food Co (LSE:CFC) 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.

China Food Co Receivables Turnover Related Terms

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China Food Co (LSE:CFC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Food Co PLC (LSE:CFC) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Website

http://www.chinafoodcompany.com

China Food Company PLC is incorporated in England and Wales. It produces and distributes cooking and dipping sauces, soya sauce and vinegar/bean paste through its subsidiaries in the People's Republic of China.

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