Afrimat (JSE:AFT) Receivables Turnover : 4.61 (As of Feb. 2024)

View and export this data going back to 2006. Start your Free Trial

What is Afrimat 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. Afrimat's Revenue for the six months ended in Feb. 2024 was R3,240 Mil. Afrimat's average Accounts Receivable for the six months ended in Feb. 2024 was R702 Mil. Hence, Afrimat's Receivables Turnover for the six months ended in Feb. 2024 was 4.61.

Afrimat Receivables Turnover Historical Data

The historical data trend for Afrimat'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.

Afrimat Receivables Turnover Chart

Afrimat Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Receivables Turnover

Get a 7-Day Free Trial

8.30

7.03

7.01

7.45

9.19

Afrimat Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															3.93	4.40	4.16	4.27	4.61

Competitive Comparison of Afrimat's Receivables Turnover

For the Building Materials subindustry, Afrimat'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.

Afrimat's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Afrimat's Receivables Turnover distribution charts can be found below:

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

Afrimat Receivables Turnover Calculation

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

Afrimat's Receivables Turnover for the fiscal year that ended in Feb. 2024 is calculated as

	Receivables Turnover (A: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Feb. 2024 )	/ (	(Accounts Receivable (A: Feb. 2023 )	+	Accounts Receivable (A: Feb. 2024 ))	/	count )
=	6083.28	/ (	(624.771	+	698.429)	/	2 )
=	6083.28	/	661.6
=	9.19

Afrimat's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Aug. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	3239.606	/ (	(705.87	+	698.429)	/	2 )
=	3239.606	/	702.1495
=	4.61

Afrimat (JSE:AFT) 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.

Afrimat Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Afrimat's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Afrimat (JSE:AFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Afrimat Ltd (JSE:AFT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corner Willie van Schoor Avenue and Old Oak Road, Tyger Valley Office Park No. 2, Tyger Valley, Bellville, WC, ZAF, 7530

Website

https://www.afrimat.co.za

Afrimat Ltd is a South Africa-based company. It operates in three segments: Construction Materials, which comprises aggregates, concrete-based products, and contracting operations; Industrial Minerals segment consists mainly of the sale of limestone, dolomite, and industrial sand; Bulk Commodities segment includes iron ore and anthracite; and Services segment consists of Group shared services including IT services, consulting services, etc. It operates in a single geographical segment, which is the African region.