Moog (MOG.B) Receivables Turnover : 2.15 (As of Dec. 2023)

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What is Moog 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. Moog's Revenue for the three months ended in Dec. 2023 was $857 Mil. Moog's average Accounts Receivable for the three months ended in Dec. 2023 was $398 Mil. Hence, Moog's Receivables Turnover for the three months ended in Dec. 2023 was 2.15.

Moog Receivables Turnover Historical Data

The historical data trend for Moog'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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Moog Receivables Turnover Chart

Moog Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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6.26

6.87

7.52

8.00

8.40

Moog Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.99	2.14	2.08	2.03	2.15

Competitive Comparison of Moog's Receivables Turnover

For the Aerospace & Defense subindustry, Moog'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.

Moog's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Moog's Receivables Turnover distribution charts can be found below:

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

Moog Receivables Turnover Calculation

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

Moog's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	3319.122	/ (	(363.137	+	426.804)	/	2 )
=	3319.122	/	394.9705
=	8.40

Moog'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	856.85	/ (	(426.804	+	369.853)	/	2 )
=	856.85	/	398.3285
=	2.15

Moog (NYSE:MOG.B) 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.

Moog Receivables Turnover Related Terms

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Moog (MOG.B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Moog Inc (NYSE:MOG.B) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

MOG.A:USA MO7R:Germany MO7A:Germany MO7A:Germany

Address

400 Jamison Road, East Aurora, New York, NY, USA, 14052-0018

Website

https://www.moog.com

Moog Inc is a manufacturer of precision motion and fluid controls systems for the aerospace and defense markets. It has a diversified product range and operates in three segments: Aircraft Controls, Space and Defense Controls, and Industrial Systems. The company has a wide sales and marketing reach with sales staff being the main contact with customers. Additionally, it will use manufacturers' representatives and distributors to market in certain segments. Sales under United States government contracts represent approximately one third of total revenue. Although over half of total sales originate in the United States, the company serves many European and Asian nations.