Global Fashion Group (CHIX:GFGD) Receivables Turnover : 11.37 (As of Dec. 2023)

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What is Global Fashion 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. Global Fashion Group's Revenue for the three months ended in Dec. 2023 was €415.7 Mil. Global Fashion Group's average Accounts Receivable for the three months ended in Dec. 2023 was €36.6 Mil. Hence, Global Fashion Group's Receivables Turnover for the three months ended in Dec. 2023 was 11.37.

Global Fashion Group Receivables Turnover Historical Data

The historical data trend for Global Fashion 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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Global Fashion Group Receivables Turnover Chart

Global Fashion Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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25.09

20.55

15.64

23.92

22.14

Global Fashion Group Quarterly Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial									6.96	10.45	13.15	11.80	11.37

Competitive Comparison of Global Fashion Group's Receivables Turnover

For the Apparel Retail subindustry, Global Fashion 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.

Global Fashion Group's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Global Fashion Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Global Fashion Group's Receivables Turnover falls into.

Global Fashion Group Receivables Turnover Calculation

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

Global Fashion Group'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 )
=	838	/ (	(37.1	+	38.6)	/	2 )
=	838	/	37.85
=	22.14

Global Fashion Group'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 )
=	415.7	/ (	(34.5	+	38.6)	/	2 )
=	415.7	/	36.55
=	11.37

Global Fashion Group (CHIX:GFGd) 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.

Global Fashion Group Receivables Turnover Related Terms

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Global Fashion Group (CHIX:GFGD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Global Fashion Group SA (CHIX:GFGd) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

GFG:Germany GFGT:Austria

Address

5, Heienhaff, Senningerberg, LUX, L-1736

Website

https://www.global-fashion-group.com

Global Fashion Group SA is an online fashion portal operating under various brands such as The Iconic, Zalora, Dafiti and Lamoda. The business segments of the company include Asia Pacific(APAC), Latin America(LATAM), and the Commonwealth of Independent States(CIS). Majority revenue is generated from ANZ segment; It operates under The Iconic banner in Australia and New Zealand.