Metro Performance Glass (ASX:MPP) Receivables Turnover : 3.45 (As of Sep. 2024)

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What is Metro Performance Glass 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. Metro Performance Glass's Revenue for the six months ended in Sep. 2024 was A$104.8 Mil. Metro Performance Glass's average Accounts Receivable for the six months ended in Sep. 2024 was A$30.4 Mil. Hence, Metro Performance Glass's Receivables Turnover for the six months ended in Sep. 2024 was 3.45.

Metro Performance Glass Receivables Turnover Historical Data

The historical data trend for Metro Performance Glass'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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Metro Performance Glass Receivables Turnover Chart

Metro Performance Glass Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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6.66

6.34

6.68

7.03

6.51

Metro Performance Glass Semi-Annual Data
	Sep14	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															3.44	3.13	3.39	3.07	3.45

Competitive Comparison of Metro Performance Glass's Receivables Turnover

For the Building Products & Equipment subindustry, Metro Performance Glass'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.

Metro Performance Glass's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Metro Performance Glass's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Metro Performance Glass's Receivables Turnover falls into.

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Metro Performance Glass Receivables Turnover Calculation

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

Metro Performance Glass's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	221.96	/ (	(36.563	+	31.62)	/	2 )
=	221.96	/	34.0915
=	6.51

Metro Performance Glass's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	104.836	/ (	(31.62	+	29.121)	/	2 )
=	104.836	/	30.3705
=	3.45

Metro Performance Glass (ASX:MPP) 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.

Metro Performance Glass Receivables Turnover Related Terms

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Metro Performance Glass Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Metro Performance Glass Ltd (ASX:MPP) » Definitions » Receivables Turnover

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MPG:New Zealand

Address

5 Lady Fisher Place, East Tamaki, Auckland, NZL, 2013

Website

https://www.metroglass.co.nz

Metro Performance Glass Ltd operates as a glass processor. It group supplies processed flat glass and related products to the residential and commercial building sectors. It offers a range of glass products, including Decorative Glass, low Glass, Mirrors, bathroom shower screens, Shower Glass, Safety Security glass, Obscure, Frosted, and Privacy Glass, doors, and others. Its geographical segments include New Zealand and Australia. It generates a majority of its revenue from New Zealand.

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