Bulmetal AD (XBUL:BMTL) Receivables Turnover : 2.49 (As of Jun. 2024)

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What is Bulmetal AD 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. Bulmetal AD's Revenue for the six months ended in Jun. 2024 was лв53.83 Mil. Bulmetal AD's average Accounts Receivable for the six months ended in Jun. 2024 was лв21.66 Mil. Hence, Bulmetal AD's Receivables Turnover for the six months ended in Jun. 2024 was 2.49.

Bulmetal AD Receivables Turnover Historical Data

The historical data trend for Bulmetal AD'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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Bulmetal AD Receivables Turnover Chart

Bulmetal AD Annual Data

Trend

Receivables Turnover

Bulmetal AD Semi-Annual Data
	Jun23	Jun24
Receivables Turnover	-	2.49

Competitive Comparison of Bulmetal AD's Receivables Turnover

For the Packaging & Containers subindustry, Bulmetal AD'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.

Bulmetal AD's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Bulmetal AD's Receivables Turnover distribution charts can be found below:

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

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Bulmetal AD Receivables Turnover Calculation

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

Bulmetal AD's Receivables Turnover for the fiscal year that ended in . 20 is calculated as

	Receivables Turnover (A: . 20 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: . 20 )	/ (	(Accounts Receivable (A: . 20 )	+	Accounts Receivable (A: . 20 ))	/	count )
=		/ (	(	+	)	/	1 )
=		/	0
=	N/A

Bulmetal AD's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	53.826	/ (	(0	+	21.658)	/	1 )
=	53.826	/	21.658
=	2.49

Bulmetal AD (XBUL:BMTL) 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.

Bulmetal AD Receivables Turnover Related Terms

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Bulmetal AD Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Bulmetal AD (XBUL:BMTL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prohoda St. , Stara Zagora region, Gurkovo municipality, Gurkovo, BGR

Website

https://www.bulmetal.com

Bulmetal AD is a company engaged in producing of light metal packaging in various types of industrial branches. The company's businesses are production and trade of light metal packaging for the food industry, the chemical industry, the construction industry. The company is a supplier of metal packaging to a number of large manufacturers in Europe, in various industrial fields.

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