My Food Bag Group (NZSE:MFB) Receivables Turnover : 184.05 (As of Sep. 2023)

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What is My Food Bag Group 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. My Food Bag Group's Revenue for the six months ended in Sep. 2023 was NZ$83.8 Mil. My Food Bag Group's average Accounts Receivable for the six months ended in Sep. 2023 was NZ$0.5 Mil. Hence, My Food Bag Group's Receivables Turnover for the six months ended in Sep. 2023 was 184.05.

My Food Bag Group Receivables Turnover Historical Data

The historical data trend for My Food Bag Group'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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My Food Bag Group Receivables Turnover Chart

My Food Bag Group Annual Data

Trend

Mar21

Mar22

Mar23

Receivables Turnover

1,009.05

908.45

592.56

My Food Bag Group Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial			261.12	237.89	264.82	195.87	184.05

Competitive Comparison of My Food Bag Group's Receivables Turnover

For the Internet Retail subindustry, My Food Bag Group'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.

My Food Bag Group's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, My Food Bag Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where My Food Bag Group's Receivables Turnover falls into.

My Food Bag Group Receivables Turnover Calculation

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

My Food Bag Group's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	175.694	/ (	(0.238	+	0.355)	/	2 )
=	175.694	/	0.2965
=	592.56

My Food Bag Group's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	83.835	/ (	(0.355	+	0.556)	/	2 )
=	83.835	/	0.4555
=	184.05

My Food Bag Group (NZSE:MFB) 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.

My Food Bag Group Receivables Turnover Related Terms

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My Food Bag Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » My Food Bag Group Ltd (NZSE:MFB) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

56 Parnell Road, Level 3, Parnell, Auckland, NTL, NZL, 1052

Website

https://www.myfoodbag.co.nz

My Food Bag Group Ltd operates in the fast-growing online food delivery market in New Zealand. It delivers bags full of fresh and locally sourced ingredients along with easy-to-follow recipes direct to families across New Zealand. The company drives revenue primarily by the volume of bags delivered to customers and the average order value of bags delivered.

My Food Bag Group Headlines

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