The a2 Milk Co (ASX:A2M) Receivables Turnover : 11.66 (As of Jun. 2023)

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What is The a2 Milk Co 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. The a2 Milk Co's Revenue for the six months ended in Jun. 2023 was A$740 Mil. The a2 Milk Co's average Accounts Receivable for the six months ended in Jun. 2023 was A$63 Mil. Hence, The a2 Milk Co's Receivables Turnover for the six months ended in Jun. 2023 was 11.66.

The a2 Milk Co Receivables Turnover Historical Data

The historical data trend for The a2 Milk Co'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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The a2 Milk Co Receivables Turnover Chart

The a2 Milk Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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25.38

31.79

21.57

24.76

25.58

The a2 Milk Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial															9.35	10.41	10.40	10.90	11.66

Competitive Comparison of The a2 Milk Co's Receivables Turnover

For the Packaged Foods subindustry, The a2 Milk Co'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.

The a2 Milk Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The a2 Milk Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where The a2 Milk Co's Receivables Turnover falls into.

The a2 Milk Co Receivables Turnover Calculation

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

The a2 Milk Co's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	1454.43	/ (	(60.944	+	52.773)	/	2 )
=	1454.43	/	56.8585
=	25.58

The a2 Milk Co'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 )
=	739.609	/ (	(74.136	+	52.773)	/	2 )
=	739.609	/	63.4545
=	11.66

The a2 Milk Co (ASX:A2M) 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.

The a2 Milk Co Receivables Turnover Related Terms

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The a2 Milk Co (ASX:A2M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The a2 Milk Co Ltd (ASX:A2M) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ACOPY:USA ACOPF:USA ATM:New Zealand 14L:Germany 14L:Germany

Address

51 Shortland Street, P.O. Box 163, Level 10, Auckland, NTL, NZL, 1010

Website

https://www.thea2milkcompany.com

A2 Milk is a New Zealand licensor and marketer of fresh milk, infant formula, and other dairy products that lack the A1 beta-casein protein. The firm was founded in 2000 by Corran McLachlan, who developed a genetic test to determine which proteins a cow produces in its milk, and business partner Howard Paterson. The company has been through a tumultuous history of receivership, legal battles, and strategic shifts, but emerged in its current structure in 2006 and listed publicly in March 2013.

The a2 Milk Co (ASX:A2M) Headlines

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