Methanex (Methanex) Receivables Turnover : 1.81 (As of Mar. 2024)

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What is Methanex 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. Methanex's Revenue for the three months ended in Mar. 2024 was $916 Mil. Methanex's average Accounts Receivable for the three months ended in Mar. 2024 was $506 Mil. Hence, Methanex's Receivables Turnover for the three months ended in Mar. 2024 was 1.81.

Methanex Receivables Turnover Historical Data

The historical data trend for Methanex'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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Methanex Receivables Turnover Chart

Methanex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.68

7.79

11.12

9.96

8.87

Methanex Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.19	1.87	1.75	2.03	1.81

Competitive Comparison of Methanex's Receivables Turnover

For the Chemicals subindustry, Methanex'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.

Methanex's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Methanex's Receivables Turnover distribution charts can be found below:

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

Methanex Receivables Turnover Calculation

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

Methanex'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 )
=	3723.475	/ (	(407.733	+	431.602)	/	2 )
=	3723.475	/	419.6675
=	8.87

Methanex's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	915.711	/ (	(431.602	+	580.021)	/	2 )
=	915.711	/	505.8115
=	1.81

Methanex (NAS:MEOH) 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.

Methanex Receivables Turnover Related Terms

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Methanex (Methanex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Methanex Corp (NAS:MEOH) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

MEOH:Mexico MX5:Germany MX:Canada

Address

200 Burrard Street, 1800 Waterfront Centre, Vancouver, BC, CAN, V6C 3M1

Website

https://www.methanex.com

Methanex Corp manufactures and sells methanol. Methanex's customers use methanol as a feedstock to produce end-products including adhesives, foams, solvents, and windshield washer fluids. The firm also sells its products to the oil refining industry, where the methanol is blended with gasoline to produce a high-octane fuel or blended as a component of biodiesel. Methanex distributes its products through a global supply chain that includes the operation of port terminals, tankers, barges, rail cars, trucks, and pipelines. China generates the most revenue of any geographical segment.

Executives

M&g Investment Management Ltd

10 percent owner

10 FENCHURCH AVENUE, LONDON X0 EC3M 5AG