Liberty Flour Mills (PHS:LFM) Receivables Turnover : 0.36 (As of Sep. 2024)

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What is Liberty Flour Mills 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. Liberty Flour Mills's Revenue for the three months ended in Sep. 2024 was ₱392 Mil. Liberty Flour Mills's average Accounts Receivable for the three months ended in Sep. 2024 was ₱1,104 Mil. Hence, Liberty Flour Mills's Receivables Turnover for the three months ended in Sep. 2024 was 0.36.

Liberty Flour Mills Receivables Turnover Historical Data

The historical data trend for Liberty Flour Mills'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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Liberty Flour Mills Receivables Turnover Chart

Liberty Flour Mills Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.35

1.78

1.53

1.50

1.44

Liberty Flour Mills Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															0.35	0.38	0.32	0.34	0.36

Competitive Comparison of Liberty Flour Mills's Receivables Turnover

For the Packaged Foods subindustry, Liberty Flour Mills'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.

Liberty Flour Mills's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Liberty Flour Mills's Receivables Turnover falls into.

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Liberty Flour Mills Receivables Turnover Calculation

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

Liberty Flour Mills's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	1738.502	/ (	(1257.611	+	1152.545)	/	2 )
=	1738.502	/	1205.078
=	1.44

Liberty Flour Mills'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: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	391.956	/ (	(1096.145	+	1111.029)	/	2 )
=	391.956	/	1103.587
=	0.36

Liberty Flour Mills (PHS:LFM) 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.

Liberty Flour Mills Receivables Turnover Related Terms

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Liberty Flour Mills Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Liberty Flour Mills Inc (PHS:LFM) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

835 Antonio Arnaiz Avenue, Liberty Building, Makati, PHL, 1223

Website

http://www.libertygroup.com.ph

Liberty Flour Mills Inc is a Philippines-based company. It operates in various business segments that are Bakery Flour, which manufactures flour and distributes its products; Mill Feed, which involves the utilization of its by-products and distribution/sales of its produce; and Real Estate and Investment, which involves the leasing of office and commercial units and investment in securities. The Bakery Flour Segment generates the majority of revenue for the company. Its products consist of EL Superior and LFM Bakers, pine tree and LFM soft.

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