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. Nigerian Breweries's Revenue for the
three
months ended in Mar. 2026 was ₦413,016 Mil. Nigerian Breweries's average Accounts Receivable for the
three
months ended in Mar. 2026 was ₦74,744 Mil.
Hence, Nigerian Breweries's Receivables Turnover for the
three
months ended in Mar. 2026 was 5.53.
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.
Nigerian Breweries Receivables Turnover Related Terms
Nigerian Breweries Receivables Turnover Historical Data
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The historical data trend for Nigerian Breweries'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.
NSA:NB vs BUD, STZ, TAP: Receivables Turnover Comparison
For the Beverages - Brewers subindustry, Nigerian Breweries'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.
Nigerian Breweries Receivables Turnover vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Nigerian Breweries's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Nigerian Breweries'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.
Nigerian Breweries (NSA:NB) has a Receivables Turnover of 5.53 as of Mar. 2026. 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 Nigerian Breweries and its competitors. According to the industry distribution chart, Nigerian Breweries ranks #56 out of 210 companies in the Beverages - Alcoholic industry, placing it in the top 26.7%.
Is Nigerian Breweries' Receivables Turnover too high?
Nigerian Breweries' current Receivables Turnover is 5.53. The Beverages - Alcoholic industry median Receivables Turnover is 7.84. Nigerian Breweries' value of 5.53 is 29.5% below this industry median. Based on the distribution chart, Nigerian Breweries ranks #56 out of 210 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Nigerian Breweries has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nigerian Breweries' Receivables Turnover compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, Nigerian Breweries ranks #56 out of 210 companies for Receivables Turnover. This puts Nigerian Breweries in the upper half of its industry. The industry median Receivables Turnover is 7.84. Nigerian Breweries' value of 5.53 is 29.5% 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 Beverages - Alcoholic company?
The median Receivables Turnover among Beverages - Alcoholic companies is 7.84, based on 210 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. Nigerian Breweries's current Receivables Turnover of 5.53 is 29.5% 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 Nigerian Breweries and its competitors. For the Beverages - Alcoholic industry, the median Receivables Turnover is 7.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nigerian Breweries's current Receivables Turnover is 5.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nigerian Breweries stock overvalued right now?
Based on GuruFocus' analysis, Nigerian Breweries (NSA:NB) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦30.88, compared to a current price of ₦73.70 — trading 138.7% above its estimated fair value. The current Receivables Turnover is 5.53 and 29.5% below the Beverages - Alcoholic industry median of 7.84. Nigerian Breweries' overall GF Score™ is 56/100 with 2 warning signs to review. 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 Nigerian Breweries (NSA:NB), the current Receivables Turnover is 5.53 as of Mar. 2026. 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.
Is Nigerian Breweries (NSA:NB) Overvalued in 2026?
Based on GuruFocus' analysis, Nigerian Breweries stock appears to be overvalued.
The current stock price of ₦73.70 is trading 138.7% above its estimated GF Value™ of ₦30.88.
GuruFocus considers Nigerian Breweries to be Significantly Overvalued.
Key valuation signals for NSA:NB:
Receivables Turnover: 5.53
GF Value™: ₦30.88 vs. price of ₦73.70 (138.7% above fair value)
Industry Position: 29.5% below the Beverages - Alcoholic median (#56 of 210)
No single metric tells the full story. See the NSA:NB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nigerian Breweries PLC is a Brewing firm. The company's principal activities are brewing, marketing, and selling lager, stout, non-alcoholic malt, and soft drinks. Geographically, it derives a majority of its revenue from Nigeria and also has a presence in the United Kingdom, the Netherlands, the United States of America, Canada, some parts of Africa, and parts of the Middle East and Asia. The company's brands include Star, Goldberg, Turbo King, Ace Bitters, Gulder, Maltina, Legend Extra Stout, Amstel Malta, Heineken, Maltina Sip-it, Fayrouz, Goldberg, Malta Gold, and others.
56GF Score
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Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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