Eco Animal Health Group (LSE:EAH) Receivables Turnover : 1.50 (As of Sep. 2023)

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What is Eco Animal Health Group 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. Eco Animal Health Group's Revenue for the six months ended in Sep. 2023 was £38.01 Mil. Eco Animal Health Group's average Accounts Receivable for the six months ended in Sep. 2023 was £25.28 Mil. Hence, Eco Animal Health Group's Receivables Turnover for the six months ended in Sep. 2023 was 1.50.

Eco Animal Health Group Receivables Turnover Historical Data

The historical data trend for Eco Animal Health 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.

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Eco Animal Health Group Receivables Turnover Chart

Eco Animal Health Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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3.49

2.92

3.78

3.09

3.54

Eco Animal Health Group 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															1.35	1.73	1.45	2.03	1.50

Competitive Comparison of Eco Animal Health Group's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Eco Animal Health 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.

Eco Animal Health Group's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Eco Animal Health Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Eco Animal Health Group's Receivables Turnover falls into.

Eco Animal Health Group Receivables Turnover Calculation

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

Eco Animal Health Group'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 )
=	85.311	/ (	(23.388	+	24.813)	/	2 )
=	85.311	/	24.1005
=	3.54

Eco Animal Health Group'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 )
=	38.009	/ (	(24.813	+	25.748)	/	2 )
=	38.009	/	25.2805
=	1.50

Eco Animal Health Group (LSE:EAH) 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.

Eco Animal Health Group Receivables Turnover Related Terms

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Eco Animal Health Group (LSE:EAH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Eco Animal Health Group PLC (LSE:EAH) » Definitions » Receivables Turnover

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Address

78 Coombe Road, New Malden, London, Surrey, GBR, KT3 4QS

Website

https://www.ecoanimalhealthgroupplc.com

Eco Animal Health Group PLC is engaged in the manufacture and marketing of animal health products. The company's product portfolio includes Aivlosin - macrolide antibiotic for the treatment of respiratory and enteric diseases in pigs and poultry; Ecomectin, Eco heart, Ecotraz, and Ecomintic for treatment and prevention of parasites in cattle, sheep, pigs, horses, and dogs; and Chlortetracycline and Oxytetracycline for treatment of bacterial infections in pigs, poultry and cattle. The geographical segments of the company include Corporate/UK, China & Japan, North America, South & South East Asia, Latin America, Europe, and the Rest of the World.

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