RLF AgTech (ASX:RLF) Receivables Turnover : 2.73 (As of Jun. 2024)

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What is RLF AgTech 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. RLF AgTech's Revenue for the six months ended in Jun. 2024 was A$5.85 Mil. RLF AgTech's average Accounts Receivable for the six months ended in Jun. 2024 was A$2.14 Mil. Hence, RLF AgTech's Receivables Turnover for the six months ended in Jun. 2024 was 2.73.

RLF AgTech Receivables Turnover Historical Data

The historical data trend for RLF AgTech'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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RLF AgTech Receivables Turnover Chart

RLF AgTech Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Receivables Turnover

14.69

11.51

5.93

RLF AgTech Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	-	3.79	5.50	1.69	2.73

Competitive Comparison of RLF AgTech's Receivables Turnover

For the Agricultural Inputs subindustry, RLF AgTech'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.

RLF AgTech's Receivables Turnover Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, RLF AgTech's Receivables Turnover distribution charts can be found below:

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

RLF AgTech Receivables Turnover Calculation

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

RLF AgTech'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 )
=	9.753	/ (	(1.81	+	1.482)	/	2 )
=	9.753	/	1.646
=	5.93

RLF AgTech'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 )
=	5.853	/ (	(2.801	+	1.482)	/	2 )
=	5.853	/	2.1415
=	2.73

RLF AgTech (ASX:RLF) 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.

RLF AgTech Receivables Turnover Related Terms

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RLF AgTech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » RLF AgTech Ltd (ASX:RLF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

61 Dowd Street, Welshpool, Perth, WA, AUS, 6106

Website

https://www.rlfagtech.com

RLF AgTech Ltd is engaged in the manufacturing and sale of technology-based plant nutrition products. Its offerings include Seed Primers, Soil & Fertigation, and Foliar.

RLF AgTech Headlines

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