Aluworks (XGHA:ALW) Receivables Turnover : 121.54 (As of Dec. 2020)

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What is Aluworks 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. Aluworks's Revenue for the six months ended in Dec. 2020 was GHS68.98 Mil. Aluworks's average Accounts Receivable for the six months ended in Dec. 2020 was GHS0.57 Mil. Hence, Aluworks's Receivables Turnover for the six months ended in Dec. 2020 was 121.54.

Aluworks Receivables Turnover Historical Data

The historical data trend for Aluworks'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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Aluworks Receivables Turnover Chart

Aluworks Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Receivables Turnover

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20.87

62.34

64.96

119.18

121.54

Aluworks Semi-Annual Data
	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20
Receivables Turnover	Get a 7-Day Free Trial			20.87	62.34	64.96	119.18	121.54

Competitive Comparison of Aluworks's Receivables Turnover

For the Aluminum subindustry, Aluworks'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.

Aluworks's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Aluworks's Receivables Turnover distribution charts can be found below:

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

Aluworks Receivables Turnover Calculation

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

Aluworks's Receivables Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Receivables Turnover (A: Dec. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2020 )	/ (	(Accounts Receivable (A: Dec. 2019 )	+	Accounts Receivable (A: Dec. 2020 ))	/	count )
=	68.975	/ (	(0.737	+	0.398)	/	2 )
=	68.975	/	0.5675
=	121.54

Aluworks's Receivables Turnover for the quarter that ended in Dec. 2020 is calculated as

	Receivables Turnover (Q: Dec. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2020 )	/ (	(Accounts Receivable (Q: Dec. 2019 )	+	Accounts Receivable (Q: Dec. 2020 ))	/	count )
=	68.975	/ (	(0.737	+	0.398)	/	2 )
=	68.975	/	0.5675
=	121.54

Aluworks (XGHA:ALW) 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.

Aluworks Receivables Turnover Related Terms

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Aluworks (XGHA:ALW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aluworks Ltd (XGHA:ALW) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 63/1, Heavy Industrial Area, P. O. Box CO 914, Greater Accra, Tema, GHA

Website

https://www.aluworks.com

Aluworks Ltd is engaged in continuous casting and cold rolling of aluminum products. The company manufactures aluminum coils, circles, corrugated sheets, and flat sheets. It acts as a supplier of aluminum coils, discs, flat sheets and sheet-in-coil as raw materials for many small and medium-scale factories manufacturing aluminum household cooking utensils, corrugated roofing sheets, and general fabrication. The company generates the majority of its revenue from Ghana.

Aluworks (XGHA:ALW) Headlines

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