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Hamama Meir Trading (1996) (XTAE:HMAM) Receivables Turnover : 1.87 (As of Dec. 2023)


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What is Hamama Meir Trading (1996) 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. Hamama Meir Trading (1996)'s Revenue for the six months ended in Dec. 2023 was ₪135.9 Mil. Hamama Meir Trading (1996)'s average Accounts Receivable for the six months ended in Dec. 2023 was ₪72.8 Mil. Hence, Hamama Meir Trading (1996)'s Receivables Turnover for the six months ended in Dec. 2023 was 1.87.


Hamama Meir Trading (1996) Receivables Turnover Historical Data

The historical data trend for Hamama Meir Trading (1996)'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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Hamama Meir Trading (1996) Receivables Turnover Chart

Hamama Meir Trading (1996) Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.16 2.95 3.52 3.54 3.24

Hamama Meir Trading (1996) Semi-Annual Data
Dec13 Dec14 Dec15 Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.69 1.87 1.51 1.68 1.87

Competitive Comparison of Hamama Meir Trading (1996)'s Receivables Turnover

For the Farm Products subindustry, Hamama Meir Trading (1996)'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.


Hamama Meir Trading (1996)'s Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hamama Meir Trading (1996)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hamama Meir Trading (1996)'s Receivables Turnover falls into.



Hamama Meir Trading (1996) Receivables Turnover Calculation

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

Hamama Meir Trading (1996)'s Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=272.113 / ((92.266 + 75.833) / 2 )
=272.113 / 84.0495
=3.24

Hamama Meir Trading (1996)'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 )
=135.888 / ((69.859 + 75.833) / 2 )
=135.888 / 72.846
=1.87

* 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.


Hamama Meir Trading (1996)  (XTAE:HMAM) 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.


Hamama Meir Trading (1996) Receivables Turnover Related Terms

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Hamama Meir Trading (1996) (XTAE:HMAM) Business Description

Traded in Other Exchanges
N/A
Address
30 Sheshet Hayamim Street, Champion Tower, Bnei Brak, ISR, 5120261
Hamama Meir Trading (1996) Ltd imports, exports, markets and distributes food products. Its products include Rice, Coffee, Sesame, Pulses, Spices & Herbs, and Dried Fruit. Its services include sorting, packaging, storage, and export, among others. Its client base include food conglomerates, wholesalers and distributors, small and medium-sized natural food stores, and health food shops.

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