Woolworths Group (ASX:WOW) Receivables Turnover : 49.80 (As of Dec. 2023)

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What is Woolworths 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. Woolworths Group's Revenue for the six months ended in Dec. 2023 was A$34,635 Mil. Woolworths Group's average Accounts Receivable for the six months ended in Dec. 2023 was A$696 Mil. Hence, Woolworths Group's Receivables Turnover for the six months ended in Dec. 2023 was 49.80.

Woolworths Group Receivables Turnover Historical Data

The historical data trend for Woolworths 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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Woolworths Group Receivables Turnover Chart

Woolworths Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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459.65

471.67

405.05

293.25

191.07

Woolworths Group 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															52.54	42.74	44.55	38.76	49.80

Competitive Comparison of Woolworths Group's Receivables Turnover

For the Grocery Stores subindustry, Woolworths 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.

Woolworths Group's Receivables Turnover Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Woolworths Group's Receivables Turnover distribution charts can be found below:

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

Woolworths Group Receivables Turnover Calculation

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

Woolworths Group'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 )
=	64294	/ (	(278	+	395)	/	2 )
=	64294	/	336.5
=	191.07

Woolworths Group'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 )
=	34635	/ (	(395	+	996)	/	2 )
=	34635	/	695.5
=	49.80

Woolworths Group (ASX:WOW) 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.

Woolworths Group Receivables Turnover Related Terms

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Woolworths Group (ASX:WOW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Woolworths Group Ltd (ASX:WOW) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

WOLWF:USA WWR:Germany

Address

1 Woolworths Way, P.O. Box 8000, Bella Vista, Baulkham Hills, Sydney, NSW, AUS, 2153

Website

https://www.woolworthsgroup.com.au

Woolworths is Australia's largest retailer. Operations include supermarkets in Australia and New Zealand, and the Big W discount department stores. The Australian food division constitutes the majority of group EBIT, followed by New Zealand supermarkets, while Big W is a minor contributor.