United Foods Co PSC (DFM:UFC) Receivables Turnover : 1.52 (As of Mar. 2024)

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What is United Foods Co PSC 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 Foods Co PSC's Revenue for the three months ended in Mar. 2024 was د.إ157.0 Mil. United Foods Co PSC's average Accounts Receivable for the three months ended in Mar. 2024 was د.إ103.3 Mil. Hence, United Foods Co PSC's Receivables Turnover for the three months ended in Mar. 2024 was 1.52.

United Foods Co PSC Receivables Turnover Historical Data

The historical data trend for United Foods Co PSC'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 Foods Co PSC Receivables Turnover Chart

United Foods Co PSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.21

5.60

6.18

6.61

5.81

United Foods Co PSC 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															1.51	1.11	1.21	1.45	1.52

Competitive Comparison of United Foods Co PSC's Receivables Turnover

For the Packaged Foods subindustry, United Foods Co PSC'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 Foods Co PSC's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, United Foods Co PSC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where United Foods Co PSC's Receivables Turnover falls into.

United Foods Co PSC Receivables Turnover Calculation

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

United Foods Co PSC'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 )
=	565.266	/ (	(102.895	+	91.789)	/	2 )
=	565.266	/	97.342
=	5.81

United Foods Co PSC'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 )
=	156.98	/ (	(91.789	+	114.84)	/	2 )
=	156.98	/	103.3145
=	1.52

United Foods Co PSC (DFM:UFC) 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 Foods Co PSC Receivables Turnover Related Terms

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United Foods Co PSC (DFM:UFC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » United Foods Co PSC (DFM:UFC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Quoz 1, P.O. Box 5836, Dubai, ARE

Website

https://www.unitedfoods.ae

United Foods Co PSC is engaged in manufacturing, processing, and marketing of vegetable ghee, cooking oil, margarine, butter products, and fat including trading of other food products. Geographically, It operates in the United Arab Emirates, GCC other than UAE and the rest of the world, out of which the majority is from the United Arab Emirates. The Company operates under the following brands- Aseel, Nawar, Safi, Mumtaz, Della Terra and Super Sun. The company's business units are Oil & Fats, Frozen & Chilled and Water & Beverages.

United Foods Co PSC (DFM:UFC) Headlines

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