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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. Eveready East Africa's Revenue for the
six
months ended in Mar. 2024 was KES4.47 Mil. Eveready East Africa's average Accounts Receivable for the
six
months ended in Mar. 2024 was KES7.74 Mil.
Hence, Eveready East Africa's Receivables Turnover for the
six
months ended in Mar. 2024 was 0.58.
Eveready East Africa (NAI:EVRD) 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.
Eveready East Africa Receivables Turnover Related Terms
Eveready East Africa Receivables Turnover Historical Data
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The historical data trend for Eveready East Africa'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.
NAI:EVRD vs GWW, FAST, FERG: Receivables Turnover Comparison
For the Industrial Distribution subindustry, Eveready East Africa'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.
Eveready East Africa Receivables Turnover vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Eveready East Africa's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Eveready East Africa'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.
Eveready East Africa (NAI:EVRD) has a Receivables Turnover of 0.58 as of Mar. 2024. 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 Eveready East Africa and its competitors.
Is Eveready East Africa's Receivables Turnover too high?
Eveready East Africa's current Receivables Turnover is 0.58. The Industrial Distribution industry median Receivables Turnover is 5.94. Eveready East Africa's value of 0.58 is 90.2% below this industry median. Overall, Eveready East Africa has a GF Score™ of 6/100, reflecting its overall financial health beyond just this single metric.
How does Eveready East Africa's Receivables Turnover compare to GWW and FAST?
Eveready East Africa's Receivables Turnover of 0.58 can be compared against companies in the Industrial Distribution industry. The industry median Receivables Turnover is 5.94. Eveready East Africa's value of 0.58 is 90.2% 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 an Industrial Distribution company?
The median Receivables Turnover among Industrial Distribution companies is 5.94, based on 158 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. Eveready East Africa's current Receivables Turnover of 0.58 is 90.2% 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 Eveready East Africa and its competitors. For the Industrial Distribution industry, the median Receivables Turnover is 5.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eveready East Africa's current Receivables Turnover is 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eveready East Africa stock overvalued right now?
Eveready East Africa (NAI:EVRD) has a current Receivables Turnover of 0.58. The current Receivables Turnover is 0.58 and 90.2% below the Industrial Distribution industry median of 5.94. Eveready East Africa's overall GF Score™ is 6/100. 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 Eveready East Africa (NAI:EVRD), the current Receivables Turnover is 0.58 as of Mar. 2024. 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.
Eveready East Africa PLC is Kenya-based firm. The company is mainly engaged in the production, distribution, and sales of portable power solutions. Its product portfolio is divided into three categories namely, Automotive comprises of free car batteries, battery water, and battery acid; Fabric comprises of Clorox and cleaning products; and Household dry cell batteries. The company offers its products under the brand name, TURBO, EVERCLEAN.
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