Ovostar Union PCL (WAR:OVO) Receivables Turnover: 2.78 (As of Jun. 2024)

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WAR:OVO Ovostar Union PCL WAR:OVO
4 GF Score
Price zł70.00
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What is Ovostar Union PCL Receivables Turnover?

Ovostar Union PCL WAR:OVO 4 Receivables Turnover is 2.78 as of Jun. 2024. GuruFocus rates WAR:OVO with a GF Score™ of 4/100.

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. Ovostar Union PCL's Revenue for the three months ended in Jun. 2024 was zł106.2 Mil. Ovostar Union PCL's average Accounts Receivable for the three months ended in Jun. 2024 was zł38.3 Mil. Hence, Ovostar Union PCL's Receivables Turnover for the three months ended in Jun. 2024 was 2.78.


Ovostar Union PCL  (WAR:OVO) 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.


Ovostar Union PCL Receivables Turnover Related Terms


Ovostar Union PCL Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Ovostar Union PCL'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.

Ovostar Union PCL Receivables Turnover Chart

Ovostar Union PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.67 7.95 10.05 10.09 12.50

Ovostar Union PCL Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.06 3.09 3.35 2.92 2.78

WAR:OVO vs ADM, TSN, BG: Receivables Turnover Comparison

For the Farm Products subindustry, Ovostar Union PCL'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.


Ovostar Union PCL Receivables Turnover vs Consumer Packaged Goods Industry

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

* The bar in red indicates where Ovostar Union PCL's Receivables Turnover falls into.


WAR:OVO
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Ovostar Union PCL WAR:OVO
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Ovostar Union PCL Receivables Turnover Calculation

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

Ovostar Union PCL's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=604.441 / ((49.633 + 47.067) / 2 )
=604.441 / 48.35
=12.50

Ovostar Union PCL's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=106.158 / ((43.782 + 32.728) / 2 )
=106.158 / 38.255
=2.78

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 2.78 mean?
Ovostar Union PCL (WAR:OVO) has a Receivables Turnover of 2.78 as of Jun. 2024. The accounts 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. View historical data on Ovostar Union PCL and its competitors.
Is Ovostar Union PCL's Receivables Turnover too high?
Ovostar Union PCL's current Receivables Turnover is 2.78. The Consumer Packaged Goods industry median Receivables Turnover is 9.39. Ovostar Union PCL's value of 2.78 is 70.4% below this industry median. Overall, Ovostar Union PCL has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Ovostar Union PCL's Receivables Turnover compare to ADM and TSN?
Ovostar Union PCL's Receivables Turnover of 2.78 can be compared against companies in the Consumer Packaged Goods industry. The industry median Receivables Turnover is 9.39. Ovostar Union PCL's value of 2.78 is 70.4% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Consumer Packaged Goods company?
The median Receivables Turnover among Consumer Packaged Goods companies is 9.39, based on 1,940 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ovostar Union PCL's current Receivables Turnover of 2.78 is 70.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Ovostar Union PCL and its competitors. For the Consumer Packaged Goods industry, the median Receivables Turnover is 9.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ovostar Union PCL's current Receivables Turnover is 2.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ovostar Union PCL stock overvalued right now?
Ovostar Union PCL (WAR:OVO) has a current Receivables Turnover of 2.78. The current Receivables Turnover is 2.78 and 70.4% below the Consumer Packaged Goods industry median of 9.39. Ovostar Union PCL's overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Ovostar Union PCL (WAR:OVO), the current Receivables Turnover is 2.78 as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Ovostar Union PCL Business Description

Address 22 Ierotheou Street, 4th floor, Strovolos, Nicosia, CYP, 2028
Ovostar Union PCL is a vertically integrated public holding company, manufacturer, and exporter of chicken eggs and egg products. It offers a range of packed shell eggs under the Yasenvit brand name and egg products under the Ovostar brand name. It includes egg albumen, egg powder, egg white, and egg yolk, among others, and is sold to companies such as Nestle, Kraft Foods, and McDonald's, among others. Its segments are Egg and Egg Products.
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