GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Good Drinks Australia Ltd (ASX:GDA) » Definitions » Receivables Turnover

Good Drinks Australia (ASX:GDA) Receivables Turnover : 1.79 (As of Dec. 2023)


View and export this data going back to 2006. Start your Free Trial

What is Good Drinks Australia 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. Good Drinks Australia's Revenue for the six months ended in Dec. 2023 was A$58.1 Mil. Good Drinks Australia's average Accounts Receivable for the six months ended in Dec. 2023 was A$32.5 Mil. Hence, Good Drinks Australia's Receivables Turnover for the six months ended in Dec. 2023 was 1.79.


Good Drinks Australia Receivables Turnover Historical Data

The historical data trend for Good Drinks Australia'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.

* Premium members only.

Good Drinks Australia Receivables Turnover Chart

Good Drinks Australia Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.89 3.47 6.48 4.67 6.25

Good Drinks Australia 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 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 1.68 1.76 1.97 1.55 1.79

Competitive Comparison of Good Drinks Australia's Receivables Turnover

For the Beverages - Brewers subindustry, Good Drinks Australia'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.


Good Drinks Australia's Receivables Turnover Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Good Drinks Australia's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Good Drinks Australia's Receivables Turnover falls into.



Good Drinks Australia Receivables Turnover Calculation

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

Good Drinks Australia'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 )
=106.226 / ((16.481 + 17.516) / 2 )
=106.226 / 16.9985
=6.25

Good Drinks Australia'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 )
=58.081 / ((17.516 + 47.523) / 2 )
=58.081 / 32.5195
=1.79

* 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.


Good Drinks Australia  (ASX:GDA) 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.


Good Drinks Australia Receivables Turnover Related Terms

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


Good Drinks Australia (ASX:GDA) Business Description

Traded in Other Exchanges
N/A
Address
14 Absolon Street, Palmyra, Perth, WA, AUS, 6157
Good Drinks Australia Ltd is an Australia-based company operating in two segments; Core Business; the manufacturing, marketing, and selling of own branded beer, cider, and other beverages, and Hospitality; the operating of hospitality venues. The company offers its products under Gage Roads, Matso's, Alby, Atomic beer project, Hello sunshine, and San Miguel brand names.

Good Drinks Australia (ASX:GDA) Headlines

No Headlines