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
six
months ended in Dec. 2023 was ر.ع123.9 Mil. Oman Flour Mills's average Accounts Receivable for the
six
months ended in Dec. 2023 was ر.ع20.0 Mil.
Hence, Oman Flour Mills's Receivables Turnover for the
six
months ended in Dec. 2023 was 6.20.
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
Oman Flour Mills Receivables Turnover Historical Data
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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.
MUS:OFMI vs JBS, KHC, K: Receivables Turnover Comparison
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 Receivables Turnover vs 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.
* 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.
Oman Flour Mills (MUS:OFMI) has a Receivables Turnover of 6.20 as of Dec. 2023. 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 Oman Flour Mills and its competitors.
Is Oman Flour Mills' Receivables Turnover too high?
Oman Flour Mills' current Receivables Turnover is 6.20. The Consumer Packaged Goods industry median Receivables Turnover is 9.38. Oman Flour Mills' value of 6.20 is 33.9% below this industry median. Overall, Oman Flour Mills has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Oman Flour Mills' Receivables Turnover compare to JBS and KHC?
Oman Flour Mills' Receivables Turnover of 6.20 can be compared against companies in the Consumer Packaged Goods industry. The industry median Receivables Turnover is 9.38. Oman Flour Mills' value of 6.20 is 33.9% 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 Consumer Packaged Goods company?
The median Receivables Turnover among Consumer Packaged Goods companies is 9.38, based on 1,936 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. Oman Flour Mills's current Receivables Turnover of 6.20 is 33.9% 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 Oman Flour Mills and its competitors. For the Consumer Packaged Goods industry, the median Receivables Turnover is 9.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oman Flour Mills's current Receivables Turnover is 6.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oman Flour Mills stock overvalued right now?
Oman Flour Mills (MUS:OFMI) has a current Receivables Turnover of 6.20. The current Receivables Turnover is 6.20 and 33.9% below the Consumer Packaged Goods industry median of 9.38. Oman Flour Mills' overall GF Score™ is 72/100. 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 Oman Flour Mills (MUS:OFMI), the current Receivables Turnover is 6.20 as of Dec. 2023. 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.
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 sale of Feed and related products. The company markets its flour mill products through Dahabi brand and feed mill products through Barakat brand.
72GF Score
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