mic AG (XTER:M3BK) Receivables Turnover : 12.67 (As of Jun. 2023)

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What is mic AG 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. mic AG's Revenue for the six months ended in Jun. 2023 was €38.42 Mil. mic AG's average Accounts Receivable for the six months ended in Jun. 2023 was €3.03 Mil. Hence, mic AG's Receivables Turnover for the six months ended in Jun. 2023 was 12.67.

mic AG Receivables Turnover Historical Data

The historical data trend for mic AG'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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mic AG Receivables Turnover Chart

mic AG Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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29.60

mic AG Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial															-	-	-	-	12.67

Competitive Comparison of mic AG's Receivables Turnover

For the Asset Management subindustry, mic AG'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.

mic AG's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, mic AG's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where mic AG's Receivables Turnover falls into.

mic AG Receivables Turnover Calculation

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

mic AG's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	91.864	/ (	(3.029	+	3.177)	/	2 )
=	91.864	/	3.103
=	29.60

mic AG's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	38.42	/ (	(3.177	+	2.89)	/	2 )
=	38.42	/	3.0335
=	12.67

mic AG (XTER:M3BK) 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.

mic AG Receivables Turnover Related Terms

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mic AG (XTER:M3BK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » mic AG (XTER:M3BK) » Definitions » Receivables Turnover

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Traded in Other Exchanges

M3BK:Germany M3BK:Germany

Address

Denisstrabe 1b, Munich, DEU, 80335

Website

http://www.mic-ag.eu

mic AG is an investment company. It invests in young technology companies in the field of fiber optics, clean tech, software, microsystems and IT among others. The portfolio comprises of Aifotec AG, 3-Edge Gmbh, and FiSec Gmbh and among others. Its portfolio comprises of u-GPS Optics GmbH, a developer of a technology for three-dimensional (3D) optical measurements, Flores Solar Water GmbH, which develops a low-cost water treatment plant that uses solar thermal energy.

Executives

Dr. Jürgen Gromer	Supervisory Board
Arne Weber	Board of Directors
Andreas Empl	Board of Directors
Ralph Weidenmann	Supervisory Board
Peter Trosien	Board of Directors

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