Nortem Biogroup (XPAR:MLBIO) Receivables Turnover : 6.06 (As of Dec. 2022)

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What is Nortem Biogroup 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. Nortem Biogroup's Revenue for the six months ended in Dec. 2022 was €6.98 Mil. Nortem Biogroup's average Accounts Receivable for the six months ended in Dec. 2022 was €1.15 Mil. Hence, Nortem Biogroup's Receivables Turnover for the six months ended in Dec. 2022 was 6.06.

Nortem Biogroup Receivables Turnover Historical Data

The historical data trend for Nortem Biogroup'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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Nortem Biogroup Receivables Turnover Chart

Nortem Biogroup Annual Data

Trend

Dec21

Dec22

Receivables Turnover

6.54

6.06

Nortem Biogroup Semi-Annual Data
	Dec21	Dec22
Receivables Turnover	6.54	6.06

Competitive Comparison of Nortem Biogroup's Receivables Turnover

For the Packaged Foods subindustry, Nortem Biogroup'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.

Nortem Biogroup's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

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

Nortem Biogroup Receivables Turnover Calculation

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

Nortem Biogroup'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 )
=	6.983	/ (	(1.039	+	1.266)	/	2 )
=	6.983	/	1.1525
=	6.06

Nortem Biogroup's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Dec. 2021 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	6.983	/ (	(1.039	+	1.266)	/	2 )
=	6.983	/	1.1525
=	6.06

Nortem Biogroup (XPAR:MLBIO) 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.

Nortem Biogroup Receivables Turnover Related Terms

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Nortem Biogroup (XPAR:MLBIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nortem Biogroup (XPAR:MLBIO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Calle Alexander Humboldt 12B, Polígono Industrial Salinas de Poniente, El Puerto de Santa María, Cadiz, ESP, 11500

Website

https://www.nortembiogroup.com

Nortem Chem SA is engaged in the research, development, innovation and industrialization in the field of biochemistry and biotechnology, as well as the production and sale of products based on biochemical and/or biotechnological processes. It emerged as a biotechnological company in the field of the food and chemical industry, with maximum environmental awareness, concentrating its research and product development efforts on the development of environmentally friendly alternatives from renewable sources and obtaining its own microorganisms (Aspergillus Niger and Yarrowia lipolytica) with outstanding capabilities from adaptation and selection processes, avoiding the use of genetic modification technologies.

Nortem Biogroup (XPAR:MLBIO) Headlines

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