New Zealand Kinglmon Investments (ASX:NZK) Receivables Turnover : 6.22 (As of Jul. 2024)

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What is New Zealand Kinglmon Investments 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. New Zealand Kinglmon Investments's Revenue for the six months ended in Jul. 2024 was A$92.0 Mil. New Zealand Kinglmon Investments's average Accounts Receivable for the six months ended in Jul. 2024 was A$14.8 Mil. Hence, New Zealand Kinglmon Investments's Receivables Turnover for the six months ended in Jul. 2024 was 6.22.

New Zealand Kinglmon Investments Receivables Turnover Historical Data

The historical data trend for New Zealand Kinglmon Investments'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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New Zealand Kinglmon Investments Receivables Turnover Chart

New Zealand Kinglmon Investments Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jan22

Jan23

Jan24

Receivables Turnover

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15.28

14.13

13.18

10.98

13.69

New Zealand Kinglmon Investments Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
Receivables Turnover	Get a 7-Day Free Trial											6.68	6.90	6.40	6.58	6.22

Competitive Comparison of New Zealand Kinglmon Investments's Receivables Turnover

For the Farm Products subindustry, New Zealand Kinglmon Investments'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.

New Zealand Kinglmon Investments's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, New Zealand Kinglmon Investments's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where New Zealand Kinglmon Investments's Receivables Turnover falls into.

New Zealand Kinglmon Investments Receivables Turnover Calculation

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

New Zealand Kinglmon Investments's Receivables Turnover for the fiscal year that ended in Jan. 2024 is calculated as

	Receivables Turnover (A: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jan. 2024 )	/ (	(Accounts Receivable (A: Jan. 2023 )	+	Accounts Receivable (A: Jan. 2024 ))	/	count )
=	173.947	/ (	(12.421	+	12.986)	/	2 )
=	173.947	/	12.7035
=	13.69

New Zealand Kinglmon Investments's Receivables Turnover for the quarter that ended in Jul. 2024 is calculated as

	Receivables Turnover (Q: Jul. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jul. 2024 )	/ (	(Accounts Receivable (Q: Jan. 2024 )	+	Accounts Receivable (Q: Jul. 2024 ))	/	count )
=	91.963	/ (	(12.986	+	16.607)	/	2 )
=	91.963	/	14.7965
=	6.22

New Zealand Kinglmon Investments (ASX:NZK) 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.

New Zealand Kinglmon Investments Receivables Turnover Related Terms

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New Zealand Kinglmon Investments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » New Zealand King Salmon Investments Ltd (ASX:NZK) » Definitions » Receivables Turnover

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NZK:New Zealand

Address

17 Bullen Street, Tahunanui, Nelson, STL, NZL, 7011

Website

https://www.kingsalmon.co.nz

New Zealand King Salmon Investments Ltd is engaged in the farming, processing, and sale of salmon products. Its brands include Regal, Southern Ocean, Omega Plus, Ora King, and King Salmon. Its product range includes Whole fish; Fillets, Steaks & Portions; Wood Roasted; Cold Smoked; and Others. Geographically, the company generates majority of its revenue from North America and the rest from Australia, Japan, China, Europe, New Zealand, and other regions.

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