Deneb Investments (JSE:DNB) Receivables Turnover : 2.98 (As of Sep. 2023)

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What is Deneb Investments 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. Deneb Investments's Revenue for the six months ended in Sep. 2023 was R1,711 Mil. Deneb Investments's average Accounts Receivable for the six months ended in Sep. 2023 was R574 Mil. Hence, Deneb Investments's Receivables Turnover for the six months ended in Sep. 2023 was 2.98.

Deneb Investments Receivables Turnover Historical Data

The historical data trend for Deneb Investments'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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Deneb Investments Receivables Turnover Chart

Deneb Investments Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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5.47

7.19

7.61

7.25

7.42

Deneb Investments Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															2.85	3.04	2.85	3.11	2.98

Competitive Comparison of Deneb Investments's Receivables Turnover

For the Conglomerates subindustry, Deneb Investments'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.

Deneb Investments's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Deneb Investments's Receivables Turnover distribution charts can be found below:

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

Deneb Investments Receivables Turnover Calculation

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

Deneb Investments's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	3289.787	/ (	(436.497	+	449.773)	/	2 )
=	3289.787	/	443.135
=	7.42

Deneb Investments's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	1711.176	/ (	(449.773	+	699.103)	/	2 )
=	1711.176	/	574.438
=	2.98

Deneb Investments (JSE:DNB) 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.

Deneb Investments Receivables Turnover Related Terms

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Deneb Investments (JSE:DNB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Deneb Investments Ltd (JSE:DNB) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corner Main and Browning Roads, 5th Floor, Deneb House, Observatory, Cape Town, WC, ZAF, 7925

Website

https://www.deneb.co.za

Deneb Investments Ltd is a diversified investment company operating in southern Africa. The company's operating segment includes Property; Industrial Product Manufacturing; Automotive Parts Manufacturing; and Branded Product Distribution. Industrial Product Manufacturing and Branded Product Distribution segments together contribute to the majority of the revenue. Its geographical segments include South Africa, Other African countries, Asia, Europe, North America and South America, of which the majority of the revenue is generated from South Africa.