Brikor (JSE:BIK) Receivables Turnover : 6.49 (As of Aug. 2024)

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What is Brikor 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. Brikor's Revenue for the six months ended in Aug. 2024 was R224.5 Mil. Brikor's average Accounts Receivable for the six months ended in Aug. 2024 was R34.6 Mil. Hence, Brikor's Receivables Turnover for the six months ended in Aug. 2024 was 6.49.

Brikor Receivables Turnover Historical Data

The historical data trend for Brikor'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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Brikor Receivables Turnover Chart

Brikor Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Receivables Turnover

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12.25

10.80

13.14

16.29

16.65

Brikor Semi-Annual Data
	Aug12	Aug13	Feb15	Feb16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
Receivables Turnover	Get a 7-Day Free Trial															6.16	5.40	8.46	6.43	6.49

Competitive Comparison of Brikor's Receivables Turnover

For the Building Materials subindustry, Brikor'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.

Brikor's Receivables Turnover Distribution in the Building Materials Industry

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

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

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Brikor Receivables Turnover Calculation

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

Brikor'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 )
=	350.549	/ (	(18.57	+	23.526)	/	2 )
=	350.549	/	21.048
=	16.65

Brikor's Receivables Turnover for the quarter that ended in Aug. 2024 is calculated as

	Receivables Turnover (Q: Aug. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Aug. 2024 )	/ (	(Accounts Receivable (Q: Feb. 2024 )	+	Accounts Receivable (Q: Aug. 2024 ))	/	count )
=	224.546	/ (	(23.526	+	45.718)	/	2 )
=	224.546	/	34.622
=	6.49

Brikor (JSE:BIK) 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.

Brikor Receivables Turnover Related Terms

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Brikor Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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Address

1 Marievale Road, Vorsterskroon, Nigel, GT, ZAF, 1490

Website

https://www.brikor.co.za

Brikor Ltd is a conglomerate company engaged in the manufacturing and supplying of bricks and mining of coal. The company operates in two segments which are Bricks, which include manufacturing and sales of bricks, and Coal which includes mining and sale of coal. The company earns the majority of its revenue from the Bricks segment.