Comvita (NZSE:CVT) Receivables Turnover : 2.15 (As of Dec. 2023)

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What is Comvita 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. Comvita's Revenue for the six months ended in Dec. 2023 was NZ$103.4 Mil. Comvita's average Accounts Receivable for the six months ended in Dec. 2023 was NZ$48.0 Mil. Hence, Comvita's Receivables Turnover for the six months ended in Dec. 2023 was 2.15.

Comvita Receivables Turnover Historical Data

The historical data trend for Comvita'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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Comvita Receivables Turnover Chart

Comvita Annual Data

Trend

Mar13

Mar14

Mar15

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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3.91

8.04

9.30

8.15

6.96

Comvita Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.95	2.76	2.92	2.76	2.15

Competitive Comparison of Comvita's Receivables Turnover

For the Packaged Foods subindustry, Comvita'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.

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

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

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

Comvita Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	234.323	/ (	(27.818	+	39.543)	/	2 )
=	234.323	/	33.6805
=	6.96

Comvita's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	103.365	/ (	(39.543	+	56.453)	/	2 )
=	103.365	/	47.998
=	2.15

Comvita (NZSE:CVT) 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.

Comvita Receivables Turnover Related Terms

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Comvita (NZSE:CVT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Comvita Ltd (NZSE:CVT) » Definitions » Receivables Turnover

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CVNZF:USA

Address

23 Wilson Road South, Private Bag 1, Paengaroa, Te Puke, BOP, NZL, 3153

Website

https://www.comvita.co.nz

Comvita Ltd is a New Zealand based company. It is engaged in the development and marketing of natural health and wellbeing products. Its products include manuka honey, manuka honey extract, nutritional oils, royal jelly, olive leaf extract, and other products. The company's geographical segments include Greater China; ANZ; Rest of Asia; Rest of Asia and EMEA. It derives a majority of its revenue from Greater China.

Comvita (NZSE:CVT) Headlines

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