NUFMF (Nufarm) Receivables Turnover : 1.74 (As of Sep. 2024)

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What is Nufarm 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. Nufarm's Revenue for the six months ended in Sep. 2024 was $1,075 Mil. Nufarm's average Accounts Receivable for the six months ended in Sep. 2024 was $618 Mil. Hence, Nufarm's Receivables Turnover for the six months ended in Sep. 2024 was 1.74.

Nufarm Receivables Turnover Historical Data

The historical data trend for Nufarm'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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Nufarm Receivables Turnover Chart

Nufarm Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Sep21

Sep22

Sep23

Sep24

Receivables Turnover

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2.63

4.13

6.01

6.78

6.35

Nufarm Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.73	2.35	1.73	1.91	1.74

Competitive Comparison of Nufarm's Receivables Turnover

For the Agricultural Inputs subindustry, Nufarm'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.

Nufarm's Receivables Turnover Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Nufarm's Receivables Turnover distribution charts can be found below:

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

Nufarm Receivables Turnover Calculation

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

Nufarm's Receivables Turnover for the fiscal year that ended in Sep. 2024 is calculated as

	Receivables Turnover (A: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2024 )	/ (	(Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Sep. 2024 ))	/	count )
=	2265.341	/ (	(340.885	+	372.622)	/	2 )
=	2265.341	/	356.7535
=	6.35

Nufarm's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	1075.062	/ (	(863.993	+	372.622)	/	2 )
=	1075.062	/	618.3075
=	1.74

Nufarm (OTCPK:NUFMF) 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.

Nufarm Receivables Turnover Related Terms

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Nufarm Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Nufarm Ltd (OTCPK:NUFMF) » Definitions » Receivables Turnover

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NUF:Germany NUF:Australia

Address

103-105 Pipe Road, Laverton North, Auckland, VIC, AUS, 3026

Website

https://www.nufarm.com

Nufarm Limited is a global crop-protection company that develops, manufactures, and sells a range of crop-protection products, including herbicides, insecticides, and fungicides. Nufarm sells its products in most of the world's major agricultural regions and operates primarily in the off-patent segment of the crop-protection market. Nufarm operates along two business lines: crop protection and seed technologies.