Bowen Coking Coal (ASX:BCB) Receivables Turnover : 11.21 (As of Dec. 2023)

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What is Bowen Coking Coal 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. Bowen Coking Coal's Revenue for the six months ended in Dec. 2023 was A$231.6 Mil. Bowen Coking Coal's average Accounts Receivable for the six months ended in Dec. 2023 was A$20.7 Mil. Hence, Bowen Coking Coal's Receivables Turnover for the six months ended in Dec. 2023 was 11.21.

Bowen Coking Coal Receivables Turnover Historical Data

The historical data trend for Bowen Coking Coal'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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Bowen Coking Coal Receivables Turnover Chart

Bowen Coking Coal Annual Data

Trend

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Receivables Turnover

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Bowen Coking Coal 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															-	-	2.05	13.31	11.21

Competitive Comparison of Bowen Coking Coal's Receivables Turnover

For the Coking Coal subindustry, Bowen Coking Coal'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.

Bowen Coking Coal's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Bowen Coking Coal's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Bowen Coking Coal's Receivables Turnover falls into.

Bowen Coking Coal Receivables Turnover Calculation

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

Bowen Coking Coal'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 )
=	204.475	/ (	(0	+	0)	/	1 )
=	204.475	/	0
=	N/A

Bowen Coking Coal'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 )
=	231.614	/ (	(0	+	20.669)	/	1 )
=	231.614	/	20.669
=	11.21

Bowen Coking Coal (ASX:BCB) 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.

Bowen Coking Coal Receivables Turnover Related Terms

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Bowen Coking Coal (ASX:BCB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Bowen Coking Coal Ltd (ASX:BCB) » Definitions » Receivables Turnover

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Address

167 Eagle Street, Level 4, Brisbane, QLD, AUS, 4000

Website

https://www.bowencokingcoal.com.au

Bowen Coking Coal Ltd is a coking coal exploration company. The firm holds the Broadmeadow East, Hillalong, Isaac River, Cooroorah, and Comet Ridge Coking Coal Projects, Bluff Mine, located in the Bowen Basin in Queensland, Australia. Also, BCB is a joint venture partner in the Lilyvale (15% interest) and Mackenzie (5% interest) Coking Coal Projects. The Group operates in one geographical location being Australia and its operations are organized into two business units being the exploration and development of coal and mining and sale of coal.

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