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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. Mig Holdings's Revenue for the
six
months ended in Jun. 2024 was €4.32 Mil. Mig Holdings's average Accounts Receivable for the
six
months ended in Jun. 2024 was €1.46 Mil.
Hence, Mig Holdings's Receivables Turnover for the
six
months ended in Jun. 2024 was 2.95.
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.
Mig Holdings Receivables Turnover Related Terms
Mig Holdings Receivables Turnover Historical Data
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The historical data trend for Mig Holdings'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.
ATH:MIG vs CBRE, CSGP, BEKE: Receivables Turnover Comparison
For the Real Estate Services subindustry, Mig Holdings'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.
Mig Holdings Receivables Turnover vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Mig Holdings's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Mig Holdings's Receivables Turnover falls into.
* 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.
Mig Holdings (ATH:MIG) has a Receivables Turnover of 2.95 as of Jun. 2024. The accounts 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. View historical data on Mig Holdings and its competitors.
Is Mig Holdings' Receivables Turnover too high?
Mig Holdings' current Receivables Turnover is 2.95. The Real Estate industry median Receivables Turnover is 10.64. Mig Holdings' value of 2.95 is 72.3% below this industry median. Overall, Mig Holdings has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Mig Holdings' Receivables Turnover compare to CBRE and CSGP?
Mig Holdings' Receivables Turnover of 2.95 can be compared against companies in the Real Estate industry. The industry median Receivables Turnover is 10.64. Mig Holdings' value of 2.95 is 72.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Real Estate company?
The median Receivables Turnover among Real Estate companies is 10.64, based on 1,665 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mig Holdings's current Receivables Turnover of 2.95 is 72.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Mig Holdings and its competitors. For the Real Estate industry, the median Receivables Turnover is 10.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mig Holdings's current Receivables Turnover is 2.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mig Holdings stock overvalued right now?
Mig Holdings (ATH:MIG) has a current Receivables Turnover of 2.95. The current Receivables Turnover is 2.95 and 72.3% below the Real Estate industry median of 10.64. Mig Holdings' overall GF Score™ is 33/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Mig Holdings (ATH:MIG), the current Receivables Turnover is 2.95 as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Mig Holdings SA is an investment holding company. Through its subsidiaries, the company operates its business in various segments which include Financial Services, Real Estate, and Others. The majority of the company's revenues are generated through the Real Estate segment. This activity consists of the purchase of real estate and exercising ownership of that real estate. Geographically, it operates in Greece, European Countries, and Other countries, out of which the majority is from European countries.
33GF Score
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