Horizon Foods Co (SAU:9564) Receivables Turnover : 6.79 (As of Dec. 2023)

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What is Horizon Foods 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. Horizon Foods Co's Revenue for the six months ended in Dec. 2023 was ﷼28.79 Mil. Horizon Foods Co's average Accounts Receivable for the six months ended in Dec. 2023 was ﷼4.24 Mil. Hence, Horizon Foods Co's Receivables Turnover for the six months ended in Dec. 2023 was 6.79.

Horizon Foods Co Receivables Turnover Historical Data

The historical data trend for Horizon Foods 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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Horizon Foods Co Receivables Turnover Chart

Horizon Foods Co Annual Data

Trend

Dec22

Dec23

Receivables Turnover

19.56

13.96

Horizon Foods Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	-	9.09	7.12	6.79

Competitive Comparison of Horizon Foods Co's Receivables Turnover

For the Packaged Foods subindustry, Horizon Foods 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.

Horizon Foods Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Horizon Foods Co's Receivables Turnover falls into.

Horizon Foods Co Receivables Turnover Calculation

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

Horizon Foods Co'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 )
=	55.116	/ (	(3.407	+	4.492)	/	2 )
=	55.116	/	3.9495
=	13.96

Horizon Foods 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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	28.785	/ (	(3.987	+	4.492)	/	2 )
=	28.785	/	4.2395
=	6.79

Horizon Foods Co (SAU:9564) 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.

Horizon Foods Co Receivables Turnover Related Terms

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Horizon Foods Co (SAU:9564) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Horizon Foods Co (SAU:9564) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Third Industrial Area Zone G, Dammam, SAU

Website

https://www.horizonfood.sa

Horizon Foods Co engages in the production, manufacturing, processing, cutting, packaging, and shaping of meat and poultry, and its main activity is in the manufacture of shawarma molds. Its product offerings comprise meat shawarma, Doner Kabab, and Chicken Shawarma.

Horizon Foods Co (SAU:9564) Headlines

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