Organic Agricultural Co (Organic Agricultural Co) Receivables Turnover : 1.75 (As of Dec. 2023)

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What is Organic Agricultural Co 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. Organic Agricultural Co's Revenue for the three months ended in Dec. 2023 was $0.30 Mil. Organic Agricultural Co's average Accounts Receivable for the three months ended in Dec. 2023 was $0.17 Mil. Hence, Organic Agricultural Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.75.

Organic Agricultural Co Receivables Turnover Historical Data

The historical data trend for Organic Agricultural Co'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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Organic Agricultural Co Receivables Turnover Chart

Organic Agricultural Co Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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47.40

31.75

103.67

26.24

Organic Agricultural Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															9.89	4.52	23.20	60.52	1.75

Competitive Comparison of Organic Agricultural Co's Receivables Turnover

For the Farm Products subindustry, Organic Agricultural Co'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.

Organic Agricultural Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Organic Agricultural Co's Receivables Turnover falls into.

Organic Agricultural Co Receivables Turnover Calculation

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

Organic Agricultural Co'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 )
=	0.223	/ (	(0.003	+	0.014)	/	2 )
=	0.223	/	0.0085
=	26.24

Organic Agricultural Co'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	0.297	/ (	(0.026	+	0.313)	/	2 )
=	0.297	/	0.1695
=	1.75

Organic Agricultural Co (OTCPK:OGAA) 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.

Organic Agricultural Co Receivables Turnover Related Terms

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Organic Agricultural Co (Organic Agricultural Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Organic Agricultural Co Ltd (OTCPK:OGAA) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

High and New Technology Industrial Development District, Room G504 G506 G509 G510, Building No. 3, Kejichuangxincheng Chuangxinchuangye Plaza, Heilongjiang Province, Harbin, CHN, 150090

Website

http://www.oacl.top

Organic Agricultural Co Ltd is engaged in manufacturing of agricultural products, rice, and other related products. The Company sells paddy and selenium-enriched paddy products, rice and other agricultural products. Geographically, the firm generates a majority of its revenue from the People's Republic of China.

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