Boral (BOALF) Receivables Turnover : 3.68 (As of Dec. 2023)

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What is Boral 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. Boral's Revenue for the six months ended in Dec. 2023 was $1,232 Mil. Boral's average Accounts Receivable for the six months ended in Dec. 2023 was $334 Mil. Hence, Boral's Receivables Turnover for the six months ended in Dec. 2023 was 3.68.

Boral Receivables Turnover Historical Data

The historical data trend for Boral'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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Boral Receivables Turnover Chart

Boral Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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6.44

7.01

5.15

6.09

6.60

Boral 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															3.31	3.19	3.35	3.38	3.68

Competitive Comparison of Boral's Receivables Turnover

For the Building Materials subindustry, Boral'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.

Boral's Receivables Turnover Distribution in the Building Materials Industry

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

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

Boral Receivables Turnover Calculation

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

Boral'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 )
=	2322.55	/ (	(337.456	+	366.04)	/	2 )
=	2322.55	/	351.748
=	6.60

Boral'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 )
=	1231.526	/ (	(366.04	+	302.878)	/	2 )
=	1231.526	/	334.459
=	3.68

Boral (OTCPK:BOALF) 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.

Boral Receivables Turnover Related Terms

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Boral (BOALF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Boral Ltd (OTCPK:BOALF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

BOALY:USA HQK:Germany BLD:Australia

Address

39 Delhi Road, Level 3, Triniti 2, P.O. Box 6041, North Ryde, Sydney, NSW, AUS, 2113

Website

https://www.boral.com

Boral is a vertically integrated construction materials company with operations across aggregates, cement, concrete, and asphalt. Several divestments mean Boral is now an Australia-focused construction materials and property development company. Approximately two thirds of revenue is exposed to infrastructure and nonresidential construction projects such as roads, highways, subdivisions, bridges, and commercial buildings. The balance rests on residential construction activity across detached housing, apartments, and renovations. Boral is just over 70%-owned by Australian industrial services and energy conglomerate Seven Group Holdings Limited.