Low & Bonar (LSE:BD90.PFD) Receivables Turnover : 3.27 (As of Nov. 2019)

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What is Low & Bonar 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. Low & Bonar's Revenue for the six months ended in Nov. 2019 was £159.40 Mil. Low & Bonar's average Accounts Receivable for the six months ended in Nov. 2019 was £48.70 Mil. Hence, Low & Bonar's Receivables Turnover for the six months ended in Nov. 2019 was 3.27.

Low & Bonar Receivables Turnover Historical Data

The historical data trend for Low & Bonar'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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Low & Bonar Receivables Turnover Chart

Low & Bonar Annual Data

Trend

Nov10

Nov11

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Receivables Turnover

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5.76

6.33

6.58

5.27

5.84

Low & Bonar Semi-Annual Data
	May10	Nov10	May11	Nov11	May12	Nov12	May13	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19
Receivables Turnover	Get a 7-Day Free Trial															2.96	2.29	2.60	2.66	3.27

Competitive Comparison of Low & Bonar's Receivables Turnover

For the Building Materials subindustry, Low & Bonar'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.

Low & Bonar's Receivables Turnover Distribution in the Building Materials Industry

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

* The bar in red indicates where Low & Bonar's Receivables Turnover falls into.

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Low & Bonar Receivables Turnover Calculation

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

Low & Bonar's Receivables Turnover for the fiscal year that ended in Nov. 2019 is calculated as

	Receivables Turnover (A: Nov. 2019 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Nov. 2019 )	/ (	(Accounts Receivable (A: Nov. 2018 )	+	Accounts Receivable (A: Nov. 2019 ))	/	count )
=	317.3	/ (	(64.9	+	43.7)	/	2 )
=	317.3	/	54.3
=	5.84

Low & Bonar's Receivables Turnover for the quarter that ended in Nov. 2019 is calculated as

	Receivables Turnover (Q: Nov. 2019 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Nov. 2019 )	/ (	(Accounts Receivable (Q: May. 2019 )	+	Accounts Receivable (Q: Nov. 2019 ))	/	count )
=	159.4	/ (	(53.7	+	43.7)	/	2 )
=	159.4	/	48.7
=	3.27

Low & Bonar (LSE:BD90.PFD) 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.

Low & Bonar Receivables Turnover Related Terms

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Low & Bonar Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Low & Bonar PLC (LSE:BD90.PFD) » Definitions » Receivables Turnover

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Address

One Connaught Place, London, GBR, W2 2ET

Website

http://www.lowandbonar.com

Low & Bonar PLC manufactures and supplies performance materials to create yarns, fibers, industrial and coated fabrics, and composite materials. Its reportable segments include the Colbond segment, selling products to the building, flooring, industrial and automotive industries, and comprising the Group's Colback and Enka technologies, along with the woven product produced in China. This segment comprises three business segments, organized regionally, being EMEA, APAC and the Americas. The Coated Technical Textiles segment producing coated fabrics. The majority of the revenue is derived from Colbond segment.

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