Honeywell Flour Mills (NSA:HFM) Receivables Turnover : 71.84 (As of Mar. 2023)

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What is Honeywell Flour Mills 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. Honeywell Flour Mills's Revenue for the six months ended in Mar. 2023 was ₦147,351 Mil. Honeywell Flour Mills's average Accounts Receivable for the six months ended in Mar. 2023 was ₦2,051 Mil. Hence, Honeywell Flour Mills's Receivables Turnover for the six months ended in Mar. 2023 was 71.84.

Honeywell Flour Mills Receivables Turnover Historical Data

The historical data trend for Honeywell Flour Mills'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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Honeywell Flour Mills Receivables Turnover Chart

Honeywell Flour Mills Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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94.09

27.05

27.60

44.92

71.84

Honeywell Flour Mills Semi-Annual Data
	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Receivables Turnover	Get a 7-Day Free Trial									94.09	27.05	27.60	44.92	71.84

Competitive Comparison of Honeywell Flour Mills's Receivables Turnover

For the Packaged Foods subindustry, Honeywell Flour Mills'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.

Honeywell Flour Mills's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Honeywell Flour Mills's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Honeywell Flour Mills's Receivables Turnover falls into.

Honeywell Flour Mills Receivables Turnover Calculation

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

Honeywell Flour Mills's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	147350.739	/ (	(2951.783	+	1150.403)	/	2 )
=	147350.739	/	2051.093
=	71.84

Honeywell Flour Mills's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	147350.739	/ (	(2951.783	+	1150.403)	/	2 )
=	147350.739	/	2051.093
=	71.84

Honeywell Flour Mills (NSA:HFM) 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.

Honeywell Flour Mills Receivables Turnover Related Terms

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Honeywell Flour Mills (NSA:HFM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Honeywell Flour Mills PLC (NSA:HFM) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2nd Gate Bye-Pass, Tin Can Island, Apapa, Lagos, NGA

Website

https://www.honeywellflour.com

Honeywell Flour Mills PLC is a Nigeria-based company. It is engaged in the manufacturing of wheat-based products such as flour, semolina, whole wheat meal, noodles, and pasta. The company operates its business through geographical segments that are Ikeja, which manufacture noodles; Sagamu segment manufactures Pasta and Apapa, which manufactures flour, semolina, wheat meal, brown flour and Baker's delight flour. The Apapa generates maximum revenue for the company. The company offers its services throughout Nigeria region.

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