Ocado Group (LSE:OCDO) Receivables Turnover : 4.25 (As of Nov. 2023)

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What is Ocado 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. Ocado Group's Revenue for the six months ended in Nov. 2023 was £1,454 Mil. Ocado Group's average Accounts Receivable for the six months ended in Nov. 2023 was £342 Mil. Hence, Ocado Group's Receivables Turnover for the six months ended in Nov. 2023 was 4.25.

Ocado Group Receivables Turnover Historical Data

The historical data trend for Ocado 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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Ocado Group Receivables Turnover Chart

Ocado Group Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Receivables Turnover

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24.08

20.40

27.11

11.66

11.23

Ocado Group Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Receivables Turnover	Get a 7-Day Free Trial															4.20	3.89	5.59	6.33	4.25

Competitive Comparison of Ocado Group's Receivables Turnover

For the Grocery Stores subindustry, Ocado 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.

Ocado Group's Receivables Turnover Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Ocado Group's Receivables Turnover distribution charts can be found below:

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

Ocado Group Receivables Turnover Calculation

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

Ocado Group's Receivables Turnover for the fiscal year that ended in Nov. 2022 is calculated as

	Receivables Turnover (A: Nov. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Nov. 2022 )	/ (	(Accounts Receivable (A: Nov. 2021 )	+	Accounts Receivable (A: Nov. 2022 ))	/	count )
=	2516.8	/ (	(323.9	+	124.2)	/	2 )
=	2516.8	/	224.05
=	11.23

Ocado Group's Receivables Turnover for the quarter that ended in Nov. 2023 is calculated as

	Receivables Turnover (Q: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Nov. 2023 )	/ (	(Accounts Receivable (Q: May. 2023 )	+	Accounts Receivable (Q: Nov. 2023 ))	/	count )
=	1454.3	/ (	(308.9	+	375.4)	/	2 )
=	1454.3	/	342.15
=	4.25

Ocado Group (LSE:OCDO) 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.

Ocado Group Receivables Turnover Related Terms

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Ocado Group (LSE:OCDO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ocado Group PLC (LSE:OCDO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

OCDGF:USA OCDDY:USA OCDO:Mexico OCDOl:UK 0OC:Germany

Address

Mosquito Way, Buildings One and Two Trident Place, Hatfield Business Park, Hatfield, Hertfordshire, GBR, AL10 9UL

Website

https://www.ocadogroup.com

Ocado, one of the largest pure online grocers in the world, operates in two divisions. Ocado Retail is the group's online grocery business in the United Kingdom (joint venture with Marks & Spencer); it offers an extensive product range of over 55,000 items via its Ocado.com website and holds more than 15% of the U.K. online grocery market and approximately 2% of the total U.K. grocery market. Ocado Solutions is built on the Ocado Smart Platform, a modular, automated online retail fulfilment and delivery solution that involves the provision of software, fulfilment infrastructure, and support services to corporate clients for a variety of one-time and ongoing costs. OSP has allowed the company to work with some of the world's largest grocers, including Ocado's retail operation.

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