MLG Oz (ASX:MLG) Receivables Turnover : 4.82 (As of Dec. 2023)

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What is MLG Oz 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. MLG Oz's Revenue for the six months ended in Dec. 2023 was A$223.2 Mil. MLG Oz's average Accounts Receivable for the six months ended in Dec. 2023 was A$46.3 Mil. Hence, MLG Oz's Receivables Turnover for the six months ended in Dec. 2023 was 4.82.

MLG Oz Receivables Turnover Historical Data

The historical data trend for MLG Oz'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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MLG Oz Receivables Turnover Chart

MLG Oz Annual Data

Trend

Jun21

Jun22

Jun23

Receivables Turnover

7.89

9.60

11.20

MLG Oz Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			3.55	3.95	4.53	4.66	4.82

Competitive Comparison of MLG Oz's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, MLG Oz'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.

MLG Oz's Receivables Turnover Distribution in the Metals & Mining Industry

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

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

MLG Oz Receivables Turnover Calculation

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

MLG Oz's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	375.21	/ (	(27.586	+	39.392)	/	2 )
=	375.21	/	33.489
=	11.20

MLG Oz'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 )
=	223.223	/ (	(39.392	+	53.295)	/	2 )
=	223.223	/	46.3435
=	4.82

MLG Oz (ASX:MLG) 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.

MLG Oz Receivables Turnover Related Terms

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MLG Oz (ASX:MLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MLG Oz Ltd (ASX:MLG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Yindi Way, Broadwood, Kalgoorlie, WA, AUS, 6430

Website

https://www.mlgoz.com.au

MLG Oz Ltd operates within the Australian mining industry. It offers comprehensive supply chain solutions such as crushing and screening, quarry products and bulk transport services.