East 33 (ASX:E33) Receivables Turnover : 4.79 (As of Jun. 2024)

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What is East 33 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. East 33's Revenue for the six months ended in Jun. 2024 was A$11.39 Mil. East 33's average Accounts Receivable for the six months ended in Jun. 2024 was A$2.38 Mil. Hence, East 33's Receivables Turnover for the six months ended in Jun. 2024 was 4.79.

East 33 Receivables Turnover Historical Data

The historical data trend for East 33'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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East 33 Receivables Turnover Chart

East 33 Annual Data

Trend

Jun22

Jun23

Jun24

Receivables Turnover

16.96

18.58

18.48

East 33 Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial			4.18	4.51	4.09	4.82	4.79

Competitive Comparison of East 33's Receivables Turnover

For the Farm Products subindustry, East 33'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.

East 33's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, East 33's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where East 33's Receivables Turnover falls into.

East 33 Receivables Turnover Calculation

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

East 33's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Receivables Turnover (A: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2024 )	/ (	(Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )
=	23.14	/ (	(1.313	+	1.192)	/	2 )
=	23.14	/	1.2525
=	18.48

East 33's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	11.387	/ (	(3.565	+	1.192)	/	2 )
=	11.387	/	2.3785
=	4.79

East 33 (ASX:E33) 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.

East 33 Receivables Turnover Related Terms

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East 33 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » East 33 Ltd (ASX:E33) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Point Road, Tuncurry, NSW, AUS, 2428

Website

https://www.east33.sydney

East 33 Ltd operates in the aquaculture and seafood industry. The company produces and supplies rock oysters. The oysters are supplied mainly to restaurants, retailers, food service companies, and wholesalers. It operates into three reportable segments Oyster farming involves the growing and wholesaling of live oysters in Australia; Distribution comprises the wholesale and retail distribution of oysters in Australia; and Corporate and Sundry involved in provision of restaurant services in Australia.

East 33 Headlines

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