Agrium (TSX:AGU) Receivables Turnover : 0.64 (As of Sep. 2017)

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What is Agrium 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. Agrium's Revenue for the three months ended in Sep. 2017 was C$2,925 Mil. Agrium's average Accounts Receivable for the three months ended in Sep. 2017 was C$4,600 Mil. Hence, Agrium's Receivables Turnover for the three months ended in Sep. 2017 was 0.64.

Agrium Receivables Turnover Historical Data

The historical data trend for Agrium'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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Agrium Receivables Turnover Chart

Agrium Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Receivables Turnover

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7.97

8.24

9.18

9.06

7.32

Agrium Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17
Receivables Turnover	Get a 7-Day Free Trial															0.67	1.02	1.29	2.06	0.64

Competitive Comparison of Agrium's Receivables Turnover

For the Agricultural Inputs subindustry, Agrium'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.

Agrium's Receivables Turnover Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Agrium's Receivables Turnover distribution charts can be found below:

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

Agrium Receivables Turnover Calculation

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

Agrium's Receivables Turnover for the fiscal year that ended in Dec. 2016 is calculated as

	Receivables Turnover (A: Dec. 2016 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2016 )	/ (	(Accounts Receivable (A: Dec. 2015 )	+	Accounts Receivable (A: Dec. 2016 ))	/	count )
=	18227.744	/ (	(2438.171	+	2539.746)	/	2 )
=	18227.744	/	2488.9585
=	7.32

Agrium's Receivables Turnover for the quarter that ended in Sep. 2017 is calculated as

	Receivables Turnover (Q: Sep. 2017 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2017 )	/ (	(Accounts Receivable (Q: Jun. 2017 )	+	Accounts Receivable (Q: Sep. 2017 ))	/	count )
=	2924.858	/ (	(5056.088	+	4144.162)	/	2 )
=	2924.858	/	4600.125
=	0.64

Agrium (TSX:AGU) 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.

Agrium Receivables Turnover Related Terms

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Agrium (TSX:AGU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Agrium Inc (TSX:AGU) » Definitions » Receivables Turnover

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Address

Website

http://www.agrium.com

With more than 1,400 retail centers, Canada-based Agrium is the largest agricultural retailer in the United States, selling fertilizers, crop chemicals, and seed directly to farm customers. The company's wholesale business produces and markets the three main crop nutrients--nitrogen, potash, and phosphate--with natural resources located mainly in Canada and the United States. The bulk of Agrium's sales are generated in the U.S., Canada, and Australia.