Willdale (XZIM:WILD.ZW) Receivables Turnover : 10.83 (As of Mar. 2024)

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What is Willdale 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. Willdale's Revenue for the six months ended in Mar. 2024 was ZWG578.7 Mil. Willdale's average Accounts Receivable for the six months ended in Mar. 2024 was ZWG53.4 Mil. Hence, Willdale's Receivables Turnover for the six months ended in Mar. 2024 was 10.83.

Willdale Receivables Turnover Historical Data

The historical data trend for Willdale'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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Willdale Receivables Turnover Chart

Willdale Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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7.30

8.47

93.49

602.83

130.31

Willdale Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial							20.06	118.25	221.58	-	10.83

Competitive Comparison of Willdale's Receivables Turnover

For the Building Materials subindustry, Willdale'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.

Willdale's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Willdale's Receivables Turnover distribution charts can be found below:

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

Willdale Receivables Turnover Calculation

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

Willdale's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	114.677	/ (	(0.119	+	1.641)	/	2 )
=	114.677	/	0.88
=	130.31

Willdale's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	578.671	/ (	(1.641	+	105.207)	/	2 )
=	578.671	/	53.424
=	10.83

Willdale (XZIM:WILD.ZW) 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.

Willdale Receivables Turnover Related Terms

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Willdale Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Willdale Ltd (XZIM:WILD.ZW) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

19.5km Peg Lomagundi Road, Mount Hampden, Harare, ZWE

Website

https://www.willdale.co.zw

Willdale Ltd is a clay brick manufacturer and distributor in Zimbabwe. Its clay brick products portfolio includes Blue Heart, Blue Multi, Blue Smooth, Cinker, Dark Splashed, Rustic, window Cill, Red Defour, Plum, and others. Geographically company has a presence in Zimbabwe.

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