Kencana Agri (SGX:BNE) Receivables Turnover : 3.72 (As of Jun. 2023)

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What is Kencana Agri 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. Kencana Agri's Revenue for the six months ended in Jun. 2023 was S$83.2 Mil. Kencana Agri's average Accounts Receivable for the six months ended in Jun. 2023 was S$22.4 Mil. Hence, Kencana Agri's Receivables Turnover for the six months ended in Jun. 2023 was 3.72.

Kencana Agri Receivables Turnover Historical Data

The historical data trend for Kencana Agri'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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Kencana Agri Receivables Turnover Chart

Kencana Agri Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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30.71

32.94

70.21

44.51

38.00

Kencana Agri 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															3.52	3.33	3.27	3.97	3.72

Competitive Comparison of Kencana Agri's Receivables Turnover

For the Farm Products subindustry, Kencana Agri'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.

Kencana Agri's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Kencana Agri's Receivables Turnover falls into.

Kencana Agri Receivables Turnover Calculation

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

Kencana Agri'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 )
=	206.205	/ (	(6.186	+	4.668)	/	2 )
=	206.205	/	5.427
=	38.00

Kencana Agri'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 )
=	83.162	/ (	(4.668	+	40.101)	/	2 )
=	83.162	/	22.3845
=	3.72

Kencana Agri (SGX:BNE) 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.

Kencana Agri Receivables Turnover Related Terms

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Kencana Agri (SGX:BNE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Kencana Agri Ltd (SGX:BNE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

KEBA:Germany

Address

Jalan Raya Meruya llir No. 88, Kencana Tower, 8th Floor, Business Park Kebon Jeruk, Jakarta Barat, Jakarta, IDN, 11620

Website

https://www.kencanaagri.com

Kencana Agri Ltd operates as a plantation company. The group is engaged in the cultivation of oil palms; the processing of fresh fruit bunches (FFB) into crude palm oil (CPO), crude palm kernel oil (CPKO), and palm kernel cake (PKC); refining of CPO. It operates through the palm oil plantation business segment. The company's plantation segment which earns the majority revenue for the firm consists of plantations, palm oil mills, and kernel crushing plants. The majority of revenue gets generated through Indonesia.