Wesfarmers (Wesfarmers) Receivables Turnover : 11.74 (As of Dec. 2023)

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What is Wesfarmers 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. Wesfarmers's Revenue for the six months ended in Dec. 2023 was $15,137 Mil. Wesfarmers's average Accounts Receivable for the six months ended in Dec. 2023 was $1,289 Mil. Hence, Wesfarmers's Receivables Turnover for the six months ended in Dec. 2023 was 11.74.

Wesfarmers Receivables Turnover Historical Data

The historical data trend for Wesfarmers'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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Wesfarmers Receivables Turnover Chart

Wesfarmers Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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23.12

33.36

36.08

23.65

22.14

Wesfarmers Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															15.84	12.48	11.08	10.61	11.74

Competitive Comparison of Wesfarmers's Receivables Turnover

For the Home Improvement Retail subindustry, Wesfarmers'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.

Wesfarmers's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Wesfarmers's Receivables Turnover distribution charts can be found below:

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

Wesfarmers Receivables Turnover Calculation

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

Wesfarmers's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	29138.926	/ (	(1361.911	+	1269.799)	/	2 )
=	29138.926	/	1315.855
=	22.14

Wesfarmers'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 )
=	15137.216	/ (	(1269.799	+	1308.568)	/	2 )
=	15137.216	/	1289.1835
=	11.74

Wesfarmers (OTCPK:WFAFY) 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.

Wesfarmers Receivables Turnover Related Terms

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Wesfarmers (Wesfarmers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Wesfarmers Ltd (OTCPK:WFAFY) » Definitions » Receivables Turnover

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WFAFF:USA WF3:Germany WES:Australia

Address

123 St Georges Terrace, Level 14, Brookfield Place Tower 2, Perth, WA, AUS, 6000

Website

https://www.wesfarmers.com.au

Wesfarmers is Australia's largest conglomerate. Its retail operations include the Bunnings hardware chain (number one in market share), discount department stores Kmart and Target (number one and three) and Officeworks in office supplies (number one). These activities account for the vast majority of group earnings before taxes. Other operations include chemicals, fertilisers, industrial and medical gases, LPG production and distribution, and industrial and safety supplies. Management is focused on generating cash and creating shareholder wealth in the long term.

Wesfarmers (Wesfarmers) Headlines

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