Oman Flour Mills (MUS:OFMI) Receivables Turnover : 1.58 (As of Jun. 2019)

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What is Oman Flour Mills 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. Oman Flour Mills's Revenue for the three months ended in Jun. 2019 was ر.ع23.72 Mil. Oman Flour Mills's average Accounts Receivable for the three months ended in Jun. 2019 was ر.ع15.04 Mil. Hence, Oman Flour Mills's Receivables Turnover for the three months ended in Jun. 2019 was 1.58.

Oman Flour Mills Receivables Turnover Historical Data

The historical data trend for Oman Flour Mills'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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Oman Flour Mills Receivables Turnover Chart

Oman Flour Mills Annual Data

Trend

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Receivables Turnover

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6.60

8.14

7.99

7.74

5.46

Oman Flour Mills Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Sep18	Mar19	Jun19
Receivables Turnover	Get a 7-Day Free Trial															1.02	1.04	-	1.62	1.58

Competitive Comparison of Oman Flour Mills's Receivables Turnover

For the Packaged Foods subindustry, Oman Flour Mills'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.

Oman Flour Mills's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Oman Flour Mills's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Oman Flour Mills's Receivables Turnover falls into.

Oman Flour Mills Receivables Turnover Calculation

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

Oman Flour Mills's Receivables Turnover for the fiscal year that ended in Jun. 2016 is calculated as

	Receivables Turnover (A: Jun. 2016 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2016 )	/ (	(Accounts Receivable (A: Jun. 2015 )	+	Accounts Receivable (A: Jun. 2016 ))	/	count )
=	84.237	/ (	(10.694	+	20.15)	/	2 )
=	84.237	/	15.422
=	5.46

Oman Flour Mills's Receivables Turnover for the quarter that ended in Jun. 2019 is calculated as

	Receivables Turnover (Q: Jun. 2019 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2019 )	/ (	(Accounts Receivable (Q: Mar. 2019 )	+	Accounts Receivable (Q: Jun. 2019 ))	/	count )
=	23.719	/ (	(16.124	+	13.949)	/	2 )
=	23.719	/	15.0365
=	1.58

Oman Flour Mills (MUS:OFMI) 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.

Oman Flour Mills Receivables Turnover Related Terms

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Oman Flour Mills (MUS:OFMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Oman Flour Mills (MUS:OFMI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 566, Ruwi, OMN, 112

Website

http://www.omanflourmills.com

Oman Flour Mills is an Oman-based company engaged in the milling of wheat and other cereals and sale of flour, and the processing and sale of animal feed. In addition, the company through its subsidiaries is also involved in the production and sale of eggs, and selling and distribution of franchise frozen bakery products. The group generates the majority of the revenue from the processing and sale of a flour mill and feed mill. The company markets its flour mill products through Dahabi brand and feed mill products through Barakat brand.

Oman Flour Mills (MUS:OFMI) Headlines

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