Maroc Telecom (XPAR:IAM) Receivables Turnover : 1.67 (As of Dec. 2023)

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What is Maroc Telecom 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. Maroc Telecom's Revenue for the six months ended in Dec. 2023 was €1,835 Mil. Maroc Telecom's average Accounts Receivable for the six months ended in Dec. 2023 was €1,099 Mil. Hence, Maroc Telecom's Receivables Turnover for the six months ended in Dec. 2023 was 1.67.

Maroc Telecom Receivables Turnover Historical Data

The historical data trend for Maroc Telecom'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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Maroc Telecom Receivables Turnover Chart

Maroc Telecom Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.22

4.50

4.27

4.10

4.15

Maroc Telecom 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															1.74	1.61	1.73	1.57	1.67

Competitive Comparison of Maroc Telecom's Receivables Turnover

For the Telecom Services subindustry, Maroc Telecom'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.

Maroc Telecom's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Maroc Telecom's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Maroc Telecom's Receivables Turnover falls into.

Maroc Telecom Receivables Turnover Calculation

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

Maroc Telecom'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 )
=	3564.081	/ (	(863.766	+	854.65)	/	2 )
=	3564.081	/	859.208
=	4.15

Maroc Telecom'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 )
=	1834.951	/ (	(1344.284	+	854.65)	/	2 )
=	1834.951	/	1099.467
=	1.67

Maroc Telecom (XPAR:IAM) 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.

Maroc Telecom Receivables Turnover Related Terms

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Maroc Telecom (XPAR:IAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Maroc Telecom SA (XPAR:IAM) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

IAM:Morocco MSPA:Germany

Address

Avenue Annakhil, Hay Riad, Rabat, MAR

Website

https://www.iam.ma

Maroc Telecom SA telecommunications operator in the Kingdom of Morocco. The company provides a wide range of services covering Fixed-Line and Mobile communications, data transfer, and other value-added services. It operates in the Fixed-Line telephony, Mobile telephony and Internet segments. The Fixed-Line and Mobile operating segments are combined within the Services Division (DGS) and the Networks and Systems Division. The company derives majority revenues from Morocco.

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