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Spar GroupJSE:SPP +2.55%50 Receivables Turnover is 4.45 as of Mar. 2026. GuruFocus rates JSE:SPP with a GF Score™ of 50/100 and a GF Value™ of R108.00 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 304 Retail - Defensive companies, Spar Group ranks worse than 72.7% on this metric.
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. Spar Group's Revenue for the
six
months ended in Mar. 2026 was R67,483 Mil. Spar Group's average Accounts Receivable for the
six
months ended in Mar. 2026 was R15,179 Mil.
Hence, Spar Group's Receivables Turnover for the
six
months ended in Mar. 2026 was 4.45.
Spar Group (JSE:SPP) 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.
Spar Group Receivables Turnover Related Terms
Spar Group Receivables Turnover Historical Data
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The historical data trend for Spar Group'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.
JSE:SPP vs SYY, USFD, PFGC: Receivables Turnover Comparison
For the Food Distribution subindustry, Spar Group'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.
Spar Group Receivables Turnover vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Spar Group's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Spar Group's Receivables Turnover falls into.
* 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.
Spar Group (JSE:SPP) has a Receivables Turnover of 4.45 as of Mar. 2026. The accounts 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. View historical data on Spar Group and its competitors. According to the industry distribution chart, Spar Group ranks #221 out of 304 companies in the Retail - Defensive industry, placing it in the top 72.7%.
Is Spar Group's Receivables Turnover too high?
Spar Group's current Receivables Turnover is 4.45. The Retail - Defensive industry median Receivables Turnover is 16.01. Spar Group's value of 4.45 is 72.2% below this industry median. Based on the distribution chart, Spar Group ranks #221 out of 304 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Spar Group has a GF Score™ of 50/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spar Group's Receivables Turnover compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Spar Group ranks #221 out of 304 companies for Receivables Turnover. This places Spar Group in the lower half of its industry. The industry median Receivables Turnover is 16.01. Spar Group's value of 4.45 is 72.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Retail - Defensive company?
The median Receivables Turnover among Retail - Defensive companies is 16.01, based on 304 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spar Group's current Receivables Turnover of 4.45 is 72.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Spar Group and its competitors. For the Retail - Defensive industry, the median Receivables Turnover is 16.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spar Group's current Receivables Turnover is 4.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spar Group stock overvalued right now?
Based on GuruFocus' analysis, Spar Group (JSE:SPP) is currently considered Significantly Undervalued. The stock's GF Value™ is R108.00, compared to a current price of R47.91 — trading 55.6% below its estimated fair value. The current Receivables Turnover is 4.45 and 72.2% below the Retail - Defensive industry median of 16.01. Spar Group's overall GF Score™ is 50/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Spar Group (JSE:SPP), the current Receivables Turnover is 4.45 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Spar Group (JSE:SPP) Overvalued in 2026?
Based on GuruFocus' analysis, Spar Group stock appears to be undervalued.
The current stock price of R47.91 is trading 55.6% below its estimated GF Value™ of R108.00.
GuruFocus considers Spar Group to be Significantly Undervalued.
Key valuation signals for JSE:SPP:
Receivables Turnover: 4.45
GF Value™: R108.00 vs. price of R47.91 (55.6% below fair value)
Industry Position: 72.2% below the Retail - Defensive median (#221 of 304)
No single metric tells the full story. See the JSE:SPP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spar Group Ltd operates as a wholesaler and distributor of goods and services to SPAR grocery stores and multiple other branded group retail outlets across multiple regions. It supplies fresh produce and merchandise to a network of independent retailers who operate under its brands like TOPS at SPAR, Build it, SPAR Health, and Encore. The company's revenue mainly comprise the revenue from the sale of merchandise, marketing and promotional activities as well as franchise fees. Geographically, it has a presence in Southern Africa, Ireland and South West England, Switzerland, Poland and Sri Lanka, with the majority of revenue generated from South Africa.
50GF Score
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