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Murray Cod Australia (ASX:MCA) Receivables Turnover : 5.44 (As of Dec. 2023)


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What is Murray Cod Australia 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. Murray Cod Australia's Revenue for the six months ended in Dec. 2023 was A$4.43 Mil. Murray Cod Australia's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.81 Mil. Hence, Murray Cod Australia's Receivables Turnover for the six months ended in Dec. 2023 was 5.44.

Murray Cod Australia Receivables Turnover Historical Data

The historical data trend for Murray Cod Australia'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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Murray Cod Australia Receivables Turnover Chart

Murray Cod Australia Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.10 8.93 17.04 21.31 17.87

Murray Cod Australia Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 5.03 7.98 7.69 6.30 5.44

Competitive Comparison of Murray Cod Australia's Receivables Turnover

For the Farm Products subindustry, Murray Cod Australia'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.

Murray Cod Australia's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Murray Cod Australia's Receivables Turnover falls into.


Murray Cod Australia Receivables Turnover Calculation

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

Murray Cod Australia'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 )
=10.863 / ((0.626 + 0.59) / 2 )
=10.863 / 0.608
=17.87

Murray Cod Australia's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Jun. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=4.427 / ((0.59 + 1.037) / 2 )
=4.427 / 0.8135
=5.44

* 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.

Murray Cod Australia  (ASX:MCA) 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.

Murray Cod Australia Receivables Turnover Related Terms

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Murray Cod Australia (ASX:MCA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Murray Cod Australia Ltd (ASX:MCA) » Definitions » Receivables Turnover
Comparable Companies
ASX:NAM ASX:CSS ASX:DBF ASX:SFG ASX:FRM ASX:E33 ASX:RFA ASX:AAP ASX:WNR ASX:LGL ADM SZSE:002714 SZSE:300498 SHSE:600438 TSN BG OSL:MOWI OSL:SALM SZSE:000876 ISX:CPIN
Traded in Other Exchanges
N/A
Address
2-4 Lasscock Road, Griffith, NSW, AUS, 2680
Website
https://www.aquna.com
Murray Cod Australia Ltd is engaged in producing pond-grown Murray cod. The company grows Murray cod in open ponds or dams on the Murray-Darling Basin river system. Murray Cod Australia Ltd is branded as Aquna Sustainable Murray Cod. The company generates revenue from fish sales, cattle sales and equipment sales.