United Malt Group (ASX:UMG) Receivables Turnover : 2.95 (As of Mar. 2023)

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What is United Malt Group 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. United Malt Group's Revenue for the six months ended in Mar. 2023 was A$757 Mil. United Malt Group's average Accounts Receivable for the six months ended in Mar. 2023 was A$256 Mil. Hence, United Malt Group's Receivables Turnover for the six months ended in Mar. 2023 was 2.95.

United Malt Group Receivables Turnover Historical Data

The historical data trend for United Malt Group'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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United Malt Group Receivables Turnover Chart

United Malt Group Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Receivables Turnover

5.41

5.71

6.19

United Malt Group Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Receivables Turnover	Get a 7-Day Free Trial			2.68	3.09	2.89	3.05	2.95

Competitive Comparison of United Malt Group's Receivables Turnover

For the Beverages - Brewers subindustry, United Malt Group'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.

United Malt Group's Receivables Turnover Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, United Malt Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where United Malt Group's Receivables Turnover falls into.

United Malt Group Receivables Turnover Calculation

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

United Malt Group's Receivables Turnover for the fiscal year that ended in Sep. 2022 is calculated as

	Receivables Turnover (A: Sep. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2022 )	/ (	(Accounts Receivable (A: Sep. 2021 )	+	Accounts Receivable (A: Sep. 2022 ))	/	count )
=	1406.7	/ (	(205.7	+	248.5)	/	2 )
=	1406.7	/	227.1
=	6.19

United Malt Group's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	756.6	/ (	(248.5	+	264.2)	/	2 )
=	756.6	/	256.35
=	2.95

United Malt Group (ASX:UMG) 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.

United Malt Group Receivables Turnover Related Terms

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United Malt Group (ASX:UMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » United Malt Group Ltd (ASX:UMG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

18110 SE 34th Street, Suite 240, Vancouver, WA, USA, 98683

Website

https://www.unitedmalt.com

United Malt processes grains into malt, primarily for brewing into beer. The company is the fourth largest global malt processor and works with some of the world's largest breweries and distillers as well as fast growing craft producers. The business has capacity to process about 1.25 million metric tons of malt annually, primarily housed in the U.S. and Canada, serving the North American beer market, with additional facilities in Australia (serving both domestic brewing and exports to Asia) and the U.K. (selling to Scotch whisky distillers).

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