Rogers Sugar (Rogers Sugar) Receivables Turnover : 2.88 (As of Dec. 2023)

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What is Rogers Sugar 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. Rogers Sugar's Revenue for the three months ended in Dec. 2023 was $215.2 Mil. Rogers Sugar's average Accounts Receivable for the three months ended in Dec. 2023 was $74.7 Mil. Hence, Rogers Sugar's Receivables Turnover for the three months ended in Dec. 2023 was 2.88.

Rogers Sugar Receivables Turnover Historical Data

The historical data trend for Rogers Sugar'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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Rogers Sugar Receivables Turnover Chart

Rogers Sugar Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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10.32

10.71

11.32

10.36

10.02

Rogers Sugar Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.49	2.59	2.54	2.95	2.88

Competitive Comparison of Rogers Sugar's Receivables Turnover

For the Confectioners subindustry, Rogers Sugar'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.

Rogers Sugar's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

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

Rogers Sugar Receivables Turnover Calculation

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

Rogers Sugar's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	816.431	/ (	(82.608	+	80.375)	/	2 )
=	816.431	/	81.4915
=	10.02

Rogers Sugar'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	215.19	/ (	(80.375	+	69.065)	/	2 )
=	215.19	/	74.72
=	2.88

Rogers Sugar (OTCPK:RSGUF) 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.

Rogers Sugar Receivables Turnover Related Terms

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Rogers Sugar (Rogers Sugar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Rogers Sugar Inc (OTCPK:RSGUF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

16R:Germany RSI:Canada

Address

123 Rogers Street, Vancouver, BC, CAN, V6B 3V2

Website

https://www.lanticrogers.com

Rogers Sugar Inc is a Canada-based sugar-producing company. The company along with its subsidiaries is principally engaged in refining, packaging, and marketing sugar products. The products offered by the company include Brown sugar, Yellow sugar, Icing sugar and other related sugar products. It operates in the following reportable segments: Sugar and Maple products, of which the majority of the revenue comes from sugar products. Its geographical segments include Canada, which is the key revenue generator; the United States; Europe; and others.