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Farm Pride Foods (ASX:FRM) Receivables Turnover : 5.50 (As of Dec. 2024)


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What is Farm Pride Foods 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. Farm Pride Foods's Revenue for the six months ended in Dec. 2024 was A$43.18 Mil. Farm Pride Foods's average Accounts Receivable for the six months ended in Dec. 2024 was A$7.85 Mil. Hence, Farm Pride Foods's Receivables Turnover for the six months ended in Dec. 2024 was 5.50.


Farm Pride Foods Receivables Turnover Historical Data

The historical data trend for Farm Pride Foods'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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Farm Pride Foods Receivables Turnover Chart

Farm Pride Foods Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.14 11.48 11.28 10.61 12.25

Farm Pride Foods Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.37 4.92 5.75 5.99 5.50

Competitive Comparison of Farm Pride Foods's Receivables Turnover

For the Farm Products subindustry, Farm Pride Foods'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.


Farm Pride Foods's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Farm Pride Foods's Receivables Turnover falls into.


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Farm Pride Foods Receivables Turnover Calculation

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

Farm Pride Foods'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 )
=97.069 / ((8.133 + 7.719) / 2 )
=97.069 / 7.926
=12.25

Farm Pride Foods's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

Receivables Turnover (Q: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Dec. 2024 )) / count )
=43.178 / ((7.719 + 7.98) / 2 )
=43.178 / 7.8495
=5.50

* 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.


Farm Pride Foods  (ASX:FRM) 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.


Farm Pride Foods Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Farm Pride Foods's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Farm Pride Foods Business Description

Traded in Other Exchanges
N/A
Address
551 Chandler Road, Keysborough, VIC, AUS, 3173
Farm Pride Foods Ltd is engaged in the production, processing, manufacturing, and sale of egg and egg products. It grades, packs, processes, supplies, and markets shell eggs and processed egg products within Australia, and exports to Asia. Egg varieties include freshly laid cage eggs, barn-laid eggs, and free-range egg varieties.

Farm Pride Foods Headlines

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