Name: Receivables Turnover

Definition: Receivables turnover tells you how quickly the company collects payments from customers after making sales on credit. A high turnover means customers pay on time and cash flows smoothly. Slow turnover suggests delayed collections, which can create cash shortages and financing stress.

Interpretation:
• In '2021', BLNE's receivables turnover was 8.57, showing efficiency in collecting outstanding receivables. Industry average for Beverages (Production/Distribution) in '2021' stood at 7.31.
• In '2022', BLNE's receivables turnover was 12.17, showing efficiency in collecting outstanding receivables. The increase since '2021' reflects strengthening financial performance. Industry average for Beverages (Production/Distribution) in '2022' stood at 7.14. Industry average declined by 0.16 from previous year.
• In '2023', BLNE's receivables turnover was 7.58, showing efficiency in collecting outstanding receivables. The decline from '2022' may indicate some operational or financial challenges. Industry average for Beverages (Production/Distribution) in '2023' stood at 7.61. Industry average increased by 0.46 compared to previous year.
• In '2024', BLNE's receivables turnover was 1.08, showing efficiency in collecting outstanding receivables. The decline from '2023' may indicate some operational or financial challenges. Industry average for Beverages (Production/Distribution) in '2024' stood at 6.37. Industry average declined by 1.23 from previous year.
Overall, BLNE's receivables turnover has been volatile but showed a downward trend over the past 4 years.

Formula: Receivables Turnover = Net Credit Sales / Average Accounts Receivable

Good Range: Ranges 5 to 15 depending on credit terms.