Beroni Group (XNEC:BTG) Receivables Turnover : 0.40 (As of Jun. 2023)

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What is Beroni Group 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. Beroni Group's Revenue for the six months ended in Jun. 2023 was A$0.41 Mil. Beroni Group's average Accounts Receivable for the six months ended in Jun. 2023 was A$1.02 Mil. Hence, Beroni Group's Receivables Turnover for the six months ended in Jun. 2023 was 0.40.

Beroni Group Receivables Turnover Historical Data

The historical data trend for Beroni Group'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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Beroni Group Receivables Turnover Chart

Beroni Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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1.09

0.81

1.30

2.00

0.64

Beroni Group Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial									0.55	1.44	0.20	0.49	0.40

Competitive Comparison of Beroni Group's Receivables Turnover

For the Conglomerates subindustry, Beroni Group'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.

Beroni Group's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Beroni Group's Receivables Turnover distribution charts can be found below:

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

Beroni Group Receivables Turnover Calculation

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

Beroni Group's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	0.862	/ (	(1.291	+	1.399)	/	2 )
=	0.862	/	1.345
=	0.64

Beroni Group's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	0.405	/ (	(1.399	+	0.643)	/	2 )
=	0.405	/	1.021
=	0.40

Beroni Group (XNEC:BTG) 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.

Beroni Group Receivables Turnover Related Terms

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Beroni Group (XNEC:BTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Beroni Group Ltd (XNEC:BTG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

BNIGF:USA

Address

Zhong Bei High Technology Industrial Park, Level 10, Building 11, Xiqing District, Tianjin, CHN, 300380

Website

https://www.beronigroup.com

Beroni Group Ltd is an Australia based company engaged in the sale of smoking control product (NicoBloc), air purifier, healthcare products and supplements, cosmetics and stem-cell therapies. It has organized its business into four core business areas: cell therapies, developing new anticancer drugs, an e-commerce platform for pharmaceutical and healthcare products, and detection & diagnosis of infectious diseases. Its operating segment includes Nicobloc, Fogibloc air purifier, Olansi water filter, Health supplements, Cosmetic products, Viral diagnostic kits, and Technical advisory service. Geographically, it operates in China and Japan. The highest revenue is generated from the Nicobloc segment through the China region.