Sasini (NAI:SASN) Receivables Turnover : 2.32 (As of Mar. 2024)

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What is Sasini 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. Sasini's Revenue for the six months ended in Mar. 2024 was KES2,998 Mil. Sasini's average Accounts Receivable for the six months ended in Mar. 2024 was KES1,293 Mil. Hence, Sasini's Receivables Turnover for the six months ended in Mar. 2024 was 2.32.

Sasini Receivables Turnover Historical Data

The historical data trend for Sasini'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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Sasini Receivables Turnover Chart

Sasini Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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11.95

26.97

18.10

17.67

9.51

Sasini Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															5.70	6.35	3.55	4.29	2.32

Competitive Comparison of Sasini's Receivables Turnover

For the Farm Products subindustry, Sasini'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.

Sasini's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

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

Sasini Receivables Turnover Calculation

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

Sasini's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	5718.437	/ (	(436.96	+	765.288)	/	2 )
=	5718.437	/	601.124
=	9.51

Sasini's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	2998.443	/ (	(765.288	+	1820.291)	/	2 )
=	2998.443	/	1292.7895
=	2.32

Sasini (NAI:SASN) 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.

Sasini Receivables Turnover Related Terms

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Sasini (NAI:SASN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sasini PLC (NAI:SASN) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Off Brookside Grove, Rivaan Centre, P.O. Box 30151, 3rd Floor, Westlands, Nairobi, KEN, 00100

Website

https://www.sasini.co.ke

Sasini PLC, along with its subsidiaries, is engaged inare the growing, processing, and sale of tea and coffee, the milling and trading of coffee, value addition operations on related products, and forestry and packing of avocado fruits and macadamia nuts for export. The operating segments of the group are Tea, Coffee, Macadamia, Avocado, and Others. It derives key revenue from the Tea segment which involves the growing and processing of tea. Its products include Retail tea, Bulk tea, Retail coffee, Bulk coffee, and other products.

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