UKrproduct Group (LSE:UKR) Receivables Turnover : 5.21 (As of Jun. 2023)

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What is UKrproduct 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. UKrproduct Group's Revenue for the six months ended in Jun. 2023 was £18.27 Mil. UKrproduct Group's average Accounts Receivable for the six months ended in Jun. 2023 was £3.51 Mil. Hence, UKrproduct Group's Receivables Turnover for the six months ended in Jun. 2023 was 5.21.

UKrproduct Group Receivables Turnover Historical Data

The historical data trend for UKrproduct 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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UKrproduct Group Receivables Turnover Chart

UKrproduct Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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15.19

10.49

9.93

9.99

9.58

UKrproduct Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial															4.44	4.11	3.20	5.34	5.21

Competitive Comparison of UKrproduct Group's Receivables Turnover

For the Packaged Foods subindustry, UKrproduct 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.

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

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

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

UKrproduct Group Receivables Turnover Calculation

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

UKrproduct Group's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	39.111	/ (	(5.894	+	2.273)	/	2 )
=	39.111	/	4.0835
=	9.58

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

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	18.273	/ (	(2.273	+	4.74)	/	2 )
=	18.273	/	3.5065
=	5.21

UKrproduct Group (LSE:UKR) 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.

UKrproduct Group Receivables Turnover Related Terms

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UKrproduct Group (LSE:UKR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » UKrproduct Group Ltd (LSE:UKR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

UKR.GB:UK

Address

26 New Street, Channel Islands, Saint Helier, JEY, JE2 3RA

Website

http://www.ukrproduct.com

UKrproduct Group Ltd is an investment holding company. The company's operating segment includes branded products that are processed cheese, hard cheese, packaged butter, and spreads, beverages that kvass, and other beverages, non-branded products that have skimmed milk powder, other skimmed milk products, distribution services and other resale of third-party goods and processing services, supplementary products include grain crops. It generates maximum revenue from the Branded products segment. Geographically, the company derives a majority of its revenue from Ukraine.

UKrproduct Group (LSE:UKR) Headlines

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