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Watawala Plantations (COL:WATA.N0000) Receivables Turnover : 8.26 (As of Mar. 2024)


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What is Watawala Plantations 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. Watawala Plantations's Revenue for the three months ended in Mar. 2024 was රු1,838 Mil. Watawala Plantations's average Accounts Receivable for the three months ended in Mar. 2024 was රු222 Mil. Hence, Watawala Plantations's Receivables Turnover for the three months ended in Mar. 2024 was 8.26.


Watawala Plantations Receivables Turnover Historical Data

The historical data trend for Watawala Plantations'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.

Watawala Plantations Receivables Turnover Chart

Watawala Plantations Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 112.73 143.72 271.94 68.06 44.83

Watawala Plantations Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 6.05 7.86 5.75 5.19 8.26

Competitive Comparison of Watawala Plantations's Receivables Turnover

For the Farm Products subindustry, Watawala Plantations'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.


Watawala Plantations's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Watawala Plantations's Receivables Turnover distribution charts can be found below:

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



Watawala Plantations Receivables Turnover Calculation

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

Watawala Plantations's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Receivables Turnover (A: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2024 ) / ((Accounts Receivable (A: Mar. 2023 ) + Accounts Receivable (A: Mar. 2024 )) / count )
=8320.903 / ((236.951 + 134.244) / 2 )
=8320.903 / 185.5975
=44.83

Watawala Plantations's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=1837.567 / ((310.429 + 134.244) / 2 )
=1837.567 / 222.3365
=8.26

* 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.


Watawala Plantations  (COL:WATA.N0000) 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.


Watawala Plantations Receivables Turnover Related Terms

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Watawala Plantations (COL:WATA.N0000) Business Description

Traded in Other Exchanges
N/A
Address
No 60, Dharmapala Mawatha, Colombo, LKA, 03
Watawala Plantations PLC engages in the provision of agricultural products. It operates through the following segments: Palm Oil, Dairy, and others. Its Dairy segment provides various dairy products. The Palm Oil segment includes producing crude and kernel palm oil and generates the majority of revenue for the company. It is also involved in the marketing of tea products.

Watawala Plantations (COL:WATA.N0000) Headlines

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