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Borges Agricultural & Industrial Nuts (XMAD:BAIN) Receivables Turnover : 6.34 (As of Nov. 2023)


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What is Borges Agricultural & Industrial Nuts 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. Borges Agricultural & Industrial Nuts's Revenue for the six months ended in Nov. 2023 was €61.5 Mil. Borges Agricultural & Industrial Nuts's average Accounts Receivable for the six months ended in Nov. 2023 was €9.7 Mil. Hence, Borges Agricultural & Industrial Nuts's Receivables Turnover for the six months ended in Nov. 2023 was 6.34.


Borges Agricultural & Industrial Nuts Receivables Turnover Historical Data

The historical data trend for Borges Agricultural & Industrial Nuts'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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Borges Agricultural & Industrial Nuts Receivables Turnover Chart

Borges Agricultural & Industrial Nuts Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.66 16.28 13.78 12.13 13.67

Borges Agricultural & Industrial Nuts Semi-Annual Data
May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
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 6.57 6.24 6.11 5.43 6.34

Competitive Comparison of Borges Agricultural & Industrial Nuts's Receivables Turnover

For the Farm Products subindustry, Borges Agricultural & Industrial Nuts'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.


Borges Agricultural & Industrial Nuts's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Borges Agricultural & Industrial Nuts's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Borges Agricultural & Industrial Nuts's Receivables Turnover falls into.



Borges Agricultural & Industrial Nuts Receivables Turnover Calculation

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

Borges Agricultural & Industrial Nuts's Receivables Turnover for the fiscal year that ended in May. 2023 is calculated as

Receivables Turnover (A: May. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: May. 2023 ) / ((Accounts Receivable (A: May. 2022 ) + Accounts Receivable (A: May. 2023 )) / count )
=136.306 / ((10.715 + 9.234) / 2 )
=136.306 / 9.9745
=13.67

Borges Agricultural & Industrial Nuts's Receivables Turnover for the quarter that ended in Nov. 2023 is calculated as

Receivables Turnover (Q: Nov. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Nov. 2023 ) / ((Accounts Receivable (Q: May. 2023 ) + Accounts Receivable (Q: Nov. 2023 )) / count )
=61.45 / ((9.234 + 10.158) / 2 )
=61.45 / 9.696
=6.34

* 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.


Borges Agricultural & Industrial Nuts  (XMAD:BAIN) 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.


Borges Agricultural & Industrial Nuts Receivables Turnover Related Terms

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Borges Agricultural & Industrial Nuts (XMAD:BAIN) Business Description

Traded in Other Exchanges
N/A
Address
Calle Flix, 29, Reus, ESP, 43205
Borges Agricultural & Industrial Nuts SA grows, produces, processes, packages, sales, and exports dried fruits and nuts. It offers peanuts, almonds, pistachios, walnuts, hazelnuts, cashew nuts, pecans, macadamia nuts, pine nuts and tiger nuts, and others; and dried apricots, dates, prunes, coconut, papaya, pineapple, cranberries and raisins, and others.

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