Minth Group (FRA:M3I) Receivables Turnover : 2.27 (As of Dec. 2023)

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What is Minth Group 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. Minth Group's Revenue for the six months ended in Dec. 2023 was €1,384 Mil. Minth Group's average Accounts Receivable for the six months ended in Dec. 2023 was €609 Mil. Hence, Minth Group's Receivables Turnover for the six months ended in Dec. 2023 was 2.27.

Minth Group Receivables Turnover Historical Data

The historical data trend for Minth Group'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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Minth Group Receivables Turnover Chart

Minth Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.10

3.72

3.43

3.49

4.26

Minth Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.92	1.68	2.40	2.03	2.27

Competitive Comparison of Minth Group's Receivables Turnover

For the Auto Parts subindustry, Minth Group'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.

Minth Group's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Minth Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Minth Group's Receivables Turnover falls into.

Minth Group Receivables Turnover Calculation

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

Minth Group'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 )
=	2635.81	/ (	(628.662	+	608.751)	/	2 )
=	2635.81	/	618.7065
=	4.26

Minth Group'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 )
=	1383.972	/ (	(609.219	+	608.751)	/	2 )
=	1383.972	/	608.985
=	2.27

Minth Group (FRA:M3I) 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.

Minth Group Receivables Turnover Related Terms

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Minth Group (FRA:M3I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Minth Group Ltd (FRA:M3I) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

MNTHY:USA MNTHF:USA 00425:Hong Kong M3I:Germany

Address

No. 1 Yazhong Road, Nanhu District, Zhejiang Province, Jiaxing, CHN, 314006

Website

http://www.minthgroup.com

Minth Group Ltd is an investment holding company with its subsidiaries engaged in the design, manufacturing, processing, developing, and sales of automobile body parts and moulds for passenger cars. It operates in five segments: Aluminium, Plastic, Battery housing, Metal & Trim, and Others. Some of its products consist of trims, decorative parts, body-structural parts, seat frame systems, roof racks, and others. Its geographical operations are located in the PRC, the United States of America (the USA), Japan, Thailand, Germany, Serbia, and Mexico.

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