Boafra Sementes (BSP:SOJA3) Receivables Turnover : 2.30 (As of Dec. 2023)

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What is Boafra Sementes 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. Boafra Sementes's Revenue for the three months ended in Dec. 2023 was R$836 Mil. Boafra Sementes's average Accounts Receivable for the three months ended in Dec. 2023 was R$363 Mil. Hence, Boafra Sementes's Receivables Turnover for the three months ended in Dec. 2023 was 2.30.

Boafra Sementes Receivables Turnover Historical Data

The historical data trend for Boafra Sementes'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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Boafra Sementes Receivables Turnover Chart

Boafra Sementes Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.30

9.76

7.73

7.63

5.59

Boafra Sementes Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial												3.77	0.44	0.82	6.64	2.30

Competitive Comparison of Boafra Sementes's Receivables Turnover

For the Agricultural Inputs subindustry, Boafra Sementes'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.

Boafra Sementes's Receivables Turnover Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Boafra Sementes's Receivables Turnover distribution charts can be found below:

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

Boafra Sementes Receivables Turnover Calculation

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

Boafra Sementes's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	2062.189	/ (	(254.57	+	483.044)	/	2 )
=	2062.189	/	368.807
=	5.59

Boafra Sementes'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	835.902	/ (	(243.147	+	483.044)	/	2 )
=	835.902	/	363.0955
=	2.30

Boafra Sementes (BSP:SOJA3) 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.

Boafra Sementes Receivables Turnover Related Terms

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Boafra Sementes (BSP:SOJA3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Boa Safra Sementes SA (BSP:SOJA3) » Definitions » Receivables Turnover

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Address

Avenue Circular no.211 - A, 1 Setor Industrial, Formosa, GO, BRA, 73813-170

Website

https://boasafrasementes.com.br

Boa Safra Sementes SA is engaged in the production of soybean seeds in Brazil. With the production of certified seeds in partnership with the largest technology providers, it offers treatments with various chemical and genetic components adapted to ensure high rates of germination and vigor. Its complete portfolio of quality soy seeds also includes corn and bean seeds.

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