Uni-Fuels Ordinary Shares(Ufg) Financials: Receivables Turnover Compared To Industry Average, Plus Other Key Ratios
Growth Trend (Last 5 Years)
Growth - receivables turnover
This chart shows the historical trend of receivables turnover for UFG compared to its industry average over the recent years.
Ratio Definition and Interpretation
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 '2022', UFG's receivables turnover was 28.12, showing efficiency in collecting outstanding receivables. Industry average for Oil Refining/Marketing in '2022' stood at 6.78.
• In '2023', UFG's receivables turnover was 10.18, showing efficiency in collecting outstanding receivables. The decline from '2022' may indicate some operational or financial challenges. Industry average for Oil Refining/Marketing in '2023' stood at 5.99. Industry average declined by 0.79 from previous year.
• In '2024', UFG's receivables turnover was 12.79, showing efficiency in collecting outstanding receivables. The increase since '2023' reflects strengthening financial performance. Industry average for Oil Refining/Marketing in '2024' stood at 5.80. Industry average declined by 0.20 from previous year.
Overall, UFG's receivables turnover has been volatile but showed a downward trend over the past 3 years.
Formula: Receivables Turnover = Net Credit Sales / Average Accounts Receivable
Good Range: Ranges 5 to 15 depending on credit terms.