Golden Enterprises Inc's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the fourth quarter 2016 to a ratio of 12.81, above the company average. This is a clear sign of healthy business climate in the Food Processing industry and improving liquidity at their respective customers, during the fourth quarter 2016. Average receivable collection period, for the Golden Enterprises Inc in Jun 03 2016 quarter, has decreased to 28 days, compared to 29 days, in the Mar 04 2016 quarter.

If we take a look into Consumer Non Cyclical sector 45 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Jun 03 2016 from 889 to 1011.

What is Receivable Turnover Ratio?
What is Golden Enterprises Inc Selling?

What is Receivable Turnover Ratio?

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GLDC Receivables Turnover Ratio	(Jun 03 2016) IV. Quarter	(Mar 04 2016) III. Quarter	(Nov 27 2015) II. Quarter	(Aug 28 2015) I. Quarter	(May 29 2015) IV. Quarter
Y / Y Receivable Change	-2.27 %	1.03 %	-8.2 %	-5.39 %	-2.32 %
Y / Y Revenue Change	2.66 %	11.63 %	-0.1 %	-1.15 %	-3.07 %
Receivable Turnover Ratio (TTM)	12.81	12.65	12.34	12.09	11.96
GLDC's Total Ranking	# 1011	# 889	# 915	# 112	# 122
Accounts Receivable average collection period days	28	29	30	30	31
Seq. Receivable Change	7.63 %	8.66 %	-6.2 %	-10.92 %	11.27 %
Seq. Revenue Change	-0.66 %	9.96 %	-5.14 %	-0.93 %	8.02 %

Receivable Turnover Company Ranking
Within:	No.
Food Processing Industry	# 21
Consumer Non Cyclical Sector	# 46
Overall Market	# 1011

Receivable Turnover Ratio Statistics
High	Average	Low
13.12	12.38	11.79
(May 31 2013)		(May 29 2015)

GLDC Company Profile • Back to GLDC Efficiency Comparisons • Compare GLDC Receivables Turnover Ratio to its Competitors

Financial Statements
Golden Enterprises Inc's Accounts Receivable	$ 11 Millions	Visit GLDC's Balance sheet
Golden Enterprises Inc's Sales TTM	$ 136 Millions	Visit GLDC's Income Statement
Sources of GLDC's Revenues		Visit GLDC's Sales by Geography

Other Accounts Receivable Turnover Ratios
Food Processing Industry Accounts Receivable Turnover Trends and Statistics
Consumer Non Cyclical Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
GLDC's Receivable Turnover Ratio versus Food Processing Industry, Consumer Non Cyclical Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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GLDC's Profitability Ratios	GLDC's Roi	GLDC's Asset Turnover Ratio	GLDC's Dividend Growth
GLDC's Valuation Ratios	GLDC's Roe	GLDC's Financial Strength Ratios	GLDC's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Jun 03 2016, within Consumer Non Cyclical Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Jun 03 2016	Receivable at quarter ending Jun 03 2016
Tyson Foods Inc	31.51	$ 49,048.000 Millions	$ 1,556.500 Millions
Archer daniels midland Co	31.15	$ 63,023.000 Millions	$ 2,023.000 Millions
Cvr Partners Lp	30.69	$ 308.218 Millions	$ 10.044 Millions
Cavitation Technologies Inc	29.13	$ 1.798 Millions	$ 0.062 Millions
American Cannabis Company Inc	27.54	$ 2.872 Millions	$ 0.104 Millions
Educational Development Corporation	24.61	$ 76.765 Millions	$ 3.119 Millions
Pilgrim s Pride Corporation	24.29	$ 8,637.129 Millions	$ 355.633 Millions
Philip Morris International Inc	24.19	$ 73,622.000 Millions	$ 3,043.500 Millions
Bunge Global Sa	23.10	$ 41,324.000 Millions	$ 1,789.000 Millions
The Simply Good Foods Company	22.42	$ 129.122 Millions	$ 5.760 Millions
Sanderson Farms Inc	21.99	$ 2,704.838 Millions	$ 122.993 Millions
Cf Industries Holdings inc	21.77	$ 4,181.200 Millions	$ 192.050 Millions
Lifeway Foods Inc	20.84	$ 117.913 Millions	$ 5.658 Millions
Andersons Inc	20.54	$ 4,071.370 Millions	$ 198.226 Millions
The Marzetti Company	17.46	$ 1,191.109 Millions	$ 68.203 Millions
Seneca Foods Corporation	17.27	$ 1,301.716 Millions	$ 75.355 Millions
South Dakota Soybean Processors Llc	16.98	$ 360.183 Millions	$ 21.215 Millions
B and g Foods inc	16.37	$ 1,214.945 Millions	$ 74.225 Millions
Tingo Group Inc	16.14	$ 25.364 Millions	$ 1.572 Millions
Freshpet Inc	16.13	$ 125.228 Millions	$ 7.765 Millions
Hormel Foods Corporation	15.86	$ 9,296.141 Millions	$ 586.019 Millions
Treehouse Foods Inc	15.72	$ 4,475.614 Millions	$ 284.759 Millions
Beeline Holdings Inc	15.03	$ 2.463 Millions	$ 0.164 Millions
The J M Smucker Company	14.74	$ 7,675.000 Millions	$ 520.575 Millions
Cal maine Foods Inc	14.65	$ 1,908.650 Millions	$ 130.243 Millions
Blue Buffalo Pet Products, Inc.	14.33	$ 1,091.361 Millions	$ 76.142 Millions
Procter and Gamble Co	14.19	$ 65,299.000 Millions	$ 4,602.250 Millions
Synutra International, Inc.	14.18	$ 360.575 Millions	$ 25.426 Millions
Conagra Brands Inc	14.14	$ 12,078.500 Millions	$ 854.475 Millions
Flowers Foods Inc	13.93	$ 3,883.042 Millions	$ 278.703 Millions

Date modified: 2026-07-06T16:27:41+00:00

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