Sanford (NZSE:SAN) Receivables Turnover : 2.56 (As of Mar. 2024)

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What is Sanford 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. Sanford's Revenue for the six months ended in Mar. 2024 was NZ$276.0 Mil. Sanford's average Accounts Receivable for the six months ended in Mar. 2024 was NZ$107.8 Mil. Hence, Sanford's Receivables Turnover for the six months ended in Mar. 2024 was 2.56.

Sanford Receivables Turnover Historical Data

The historical data trend for Sanford'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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Sanford Receivables Turnover Chart

Sanford Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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9.78

8.26

7.95

6.67

5.71

Sanford 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															3.29	2.87	2.78	2.55	2.56

Competitive Comparison of Sanford's Receivables Turnover

For the Farm Products subindustry, Sanford'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.

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

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

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

Sanford Receivables Turnover Calculation

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

Sanford'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 )
=	553.397	/ (	(88.367	+	105.367)	/	2 )
=	553.397	/	96.867
=	5.71

Sanford'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 )
=	275.978	/ (	(105.367	+	110.315)	/	2 )
=	275.978	/	107.841
=	2.56

Sanford (NZSE:SAN) 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.

Sanford Receivables Turnover Related Terms

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Sanford (NZSE:SAN) Business Description

Industry

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

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Traded in Other Exchanges

SARDY:USA

Address

22 Jellicoe Street, Freemans Bay, Auckland, NTL, NZL, 1010

Website

https://www.sanford.co.nz

Sanford Ltd is a seafood company principally engaged in the fishing and aquaculture farming business. The activities of the company include farming, harvesting, processing, storage, and marketing of seafood products, and investments in related activities. The operating divisions of the group are Wildcatch and Aquaculture. Its Wildcatch segment involves catching and processing inshore and deepwater fish species whereas the Aquaculture segment involves farming, harvesting, and processing of mussels and salmon. Some of the company's seafood products include Antarctic toothfish, Arrow squid, Gemfish, Scampi, Snapper, King Salmon, Jack mackerel, Ling, and others. Geographically it derives the majority of its revenue from New Zealand.