Vintage Wine Estates (FRA:8HQ) Receivables Turnover : 2.34 (As of Mar. 2024)

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What is Vintage Wine Estates 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. Vintage Wine Estates's Revenue for the three months ended in Mar. 2024 was €42.0 Mil. Vintage Wine Estates's average Accounts Receivable for the three months ended in Mar. 2024 was €17.9 Mil. Hence, Vintage Wine Estates's Receivables Turnover for the three months ended in Mar. 2024 was 2.34.

Vintage Wine Estates Receivables Turnover Historical Data

The historical data trend for Vintage Wine Estates'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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Vintage Wine Estates Receivables Turnover Chart

Vintage Wine Estates Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

18.62

13.75

10.37

8.94

Vintage Wine Estates Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											1.66	1.87	2.54	2.38	2.34

Competitive Comparison of Vintage Wine Estates's Receivables Turnover

For the Beverages - Wineries & Distilleries subindustry, Vintage Wine Estates'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.

Vintage Wine Estates's Receivables Turnover Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Vintage Wine Estates's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Vintage Wine Estates's Receivables Turnover falls into.

Vintage Wine Estates Receivables Turnover Calculation

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

Vintage Wine Estates's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	261.419	/ (	(35.824	+	22.67)	/	2 )
=	261.419	/	29.247
=	8.94

Vintage Wine Estates'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 )
=	42.012	/ (	(21.063	+	14.816)	/	2 )
=	42.012	/	17.9395
=	2.34

Vintage Wine Estates (FRA:8HQ) 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.

Vintage Wine Estates Receivables Turnover Related Terms

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Vintage Wine Estates (FRA:8HQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Vintage Wine Estates Inc (FRA:8HQ) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

VWE:USA

Address

937 Tahoe Boulevard, Suite 210, Incline Village, NV, USA, 89451

Website

https://www.vintagewineestates.com

Vintage Wine Estates Inc is a family of wineries and wines whose singular focus is producing the finest quality wines and incredible customer experiences with wineries throughout Napa, Sonoma, California's Central Coast, Oregon, and Washington State.

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