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AgrometalI (BUE:AGRO) Receivables Turnover : 2.54 (As of Jun. 2023)


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What is AgrometalI 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. AgrometalI's Revenue for the three months ended in Jun. 2023 was ARS4,077 Mil. AgrometalI's average Accounts Receivable for the three months ended in Jun. 2023 was ARS1,603 Mil. Hence, AgrometalI's Receivables Turnover for the three months ended in Jun. 2023 was 2.54.


AgrometalI Receivables Turnover Historical Data

The historical data trend for AgrometalI'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.

AgrometalI Receivables Turnover Chart

AgrometalI Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.78 13.05 12.40 14.00 5.82

AgrometalI Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 1.85 12.42 0.46 2.54 -

Competitive Comparison of AgrometalI's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, AgrometalI'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.


AgrometalI's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, AgrometalI's Receivables Turnover distribution charts can be found below:

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



AgrometalI Receivables Turnover Calculation

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

AgrometalI's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=22474.661 / ((4545.619 + 3182.056) / 2 )
=22474.661 / 3863.8375
=5.82

AgrometalI's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

Receivables Turnover (Q: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2023 ) / ((Accounts Receivable (Q: Mar. 2023 ) + Accounts Receivable (Q: Jun. 2023 )) / count )
=4077.379 / ((1366.416 + 1840.469) / 2 )
=4077.379 / 1603.4425
=2.54

* 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.


AgrometalI  (BUE:AGRO) 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.


AgrometalI Receivables Turnover Related Terms

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AgrometalI (BUE:AGRO) Business Description

Traded in Other Exchanges
N/A
Address
Misiones 1974, Monte Maiz, Cordoba, ARG, COR X2659BIN
Agrometal SAI is engaged in the manufacturing and distribution of agricultural machinery for precision sowing. It offers ADX Air Drill fine and coarse grain seeders; APX seed drills; TX MEGA and MINI MEGA coarse grain sowing machines; MXY II and MSX grain, coarse, and pastures seed harvesters; TX PIVOT II precision transportable precision grain seed drills; and MXW and XZ fine grain and pasture seeders, as well as hydraulic actuators.