Brown-Forman (BSP:B1FC34) Receivables Turnover : 1.15 (As of Jan. 2024)

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What is Brown-Forman 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. Brown-Forman's Revenue for the three months ended in Jan. 2024 was R$5,258 Mil. Brown-Forman's average Accounts Receivable for the three months ended in Jan. 2024 was R$4,556 Mil. Hence, Brown-Forman's Receivables Turnover for the three months ended in Jan. 2024 was 1.15.

Brown-Forman Receivables Turnover Historical Data

The historical data trend for Brown-Forman'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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Brown-Forman Receivables Turnover Chart

Brown-Forman Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Receivables Turnover

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5.69

6.62

5.34

4.64

5.20

Brown-Forman Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															1.17	1.14	1.18	1.25	1.15

Competitive Comparison of Brown-Forman's Receivables Turnover

For the Beverages - Wineries & Distilleries subindustry, Brown-Forman'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.

Brown-Forman's Receivables Turnover Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Brown-Forman's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Brown-Forman's Receivables Turnover falls into.

Brown-Forman Receivables Turnover Calculation

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

Brown-Forman's Receivables Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Receivables Turnover (A: Apr. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Apr. 2023 )	/ (	(Accounts Receivable (A: Apr. 2022 )	+	Accounts Receivable (A: Apr. 2023 ))	/	count )
=	21230.902	/ (	(3865.571	+	4293.382)	/	2 )
=	21230.902	/	4079.4765
=	5.20

Brown-Forman's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Oct. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	5257.556	/ (	(4792.993	+	4318.18)	/	2 )
=	5257.556	/	4555.5865
=	1.15

Brown-Forman (BSP:B1FC34) 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.

Brown-Forman Receivables Turnover Related Terms

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Brown-Forman (BSP:B1FC34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Brown-Forman Corp (BSP:B1FC34) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

BF.B:USA BF.A:USA BF5B:Germany

Address

850 Dixie Highway, Louisville, KY, USA, 40210

Website

https://www.brown-forman.com

Brown-Forman is a U.S.-based manufacturer of premium distilled spirits that generates close to 70% of revenues in the whiskey category, under well-known Tennessee whiskey brand Jack Daniel's and bourbon brands Woodford Reserve and Old Forester. It also manufactures and distributes tequila, vodka, rum, gin, and premium wines. The company generates 47% of sales from its home market, while the bulk of international revenues come from Europe, Australia, and Latin America. The Brown family controls over 50% of the economic interests and a 67% voting power of the company.

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