Greencore Group (LSE:GNC) Receivables Turnover : 4.49 (As of Sep. 2023)

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What is Greencore Group 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. Greencore Group's Revenue for the six months ended in Sep. 2023 was £988 Mil. Greencore Group's average Accounts Receivable for the six months ended in Sep. 2023 was £220 Mil. Hence, Greencore Group's Receivables Turnover for the six months ended in Sep. 2023 was 4.49.

Greencore Group Receivables Turnover Historical Data

The historical data trend for Greencore Group'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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Greencore Group Receivables Turnover Chart

Greencore Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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9.66

10.75

10.10

10.70

10.93

Greencore Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															4.99	4.21	4.84	4.13	4.49

Competitive Comparison of Greencore Group's Receivables Turnover

For the Packaged Foods subindustry, Greencore Group'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.

Greencore Group's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

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

Greencore Group Receivables Turnover Calculation

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

Greencore Group's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	1913.7	/ (	(179.5	+	170.6)	/	2 )
=	1913.7	/	175.05
=	10.93

Greencore Group's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	987.9	/ (	(269.3	+	170.6)	/	2 )
=	987.9	/	219.95
=	4.49

Greencore Group (LSE:GNC) 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.

Greencore Group Receivables Turnover Related Terms

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Greencore Group (LSE:GNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Greencore Group PLC (LSE:GNC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

GNCGY:USA GNCGF:USA GNCl:UK GCG:Germany GCG:Germany

Address

No. 2 Northwood Avenue, Northwood Business Park, Santry, Dublin, IRL, D09 X5N9

Website

http://www.greencore.com

Greencore Group PLC is a convenience food manufacturer that supplies chilled and frozen food to customers based in U.K. and the U.S. The company's operating business segment is Convenience Foods UK & Ireland. The UK Convenience Food categories including sandwiches, sushi, salads, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, frozen Yorkshire Puddings and cakes and desserts categories as well as the Irish Ingredients trading business.

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