Adama (SZSE:200553) Receivables Turnover : 0.87 (As of Mar. 2024)

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What is Adama 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. Adama's Revenue for the three months ended in Mar. 2024 was HK$8,157 Mil. Adama's average Accounts Receivable for the three months ended in Mar. 2024 was HK$9,392 Mil. Hence, Adama's Receivables Turnover for the three months ended in Mar. 2024 was 0.87.

Adama Receivables Turnover Historical Data

The historical data trend for Adama'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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Adama Receivables Turnover Chart

Adama Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.75

3.49

3.68

4.11

3.78

Adama Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.94	0.89	0.81	0.98	0.87

Competitive Comparison of Adama's Receivables Turnover

For the Agricultural Inputs subindustry, Adama'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.

Adama's Receivables Turnover Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Adama's Receivables Turnover distribution charts can be found below:

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

Adama Receivables Turnover Calculation

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

Adama'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 )
=	35853.477	/ (	(10070.952	+	8910.663)	/	2 )
=	35853.477	/	9490.8075
=	3.78

Adama's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	8156.928	/ (	(8910.663	+	9873.328)	/	2 )
=	8156.928	/	9391.9955
=	0.87

Adama (SZSE:200553) 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.

Adama Receivables Turnover Related Terms

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Adama (SZSE:200553) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Adama Ltd (SZSE:200553) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

000553:China

Address

No. 93, East Beijing Road, Hubei, Jingzhou, CHN, 434001

Website

https://www.adama.com

Adama Ltd produces farm chemicals for crop protection. It operates in two segments: Crop Protection and Intermediates & ingredients. The Crop Protection segment includes the manufacture and marketing of conventional agrochemical products and operations in the seeds sector. The intermediates & ingredients segment includes a large number of sub-fields, including Lycopan (an oxidization retardant), aromatic products, and other chemicals. The firm generates the vast majority of its revenue from the Crop Protection segment. Its geographical segments are Europe; Latin America; North America; Africa, Middle East, and India; and the Asia Pacific.

Executives

Liu Jun

Supervisors

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