Mangels Industrial (BSP:MGEL4) Receivables Turnover : 1.94 (As of Dec. 2024)

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What is Mangels Industrial 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. Mangels Industrial's Revenue for the three months ended in Dec. 2024 was R$231.0 Mil. Mangels Industrial's average Accounts Receivable for the three months ended in Dec. 2024 was R$119.0 Mil. Hence, Mangels Industrial's Receivables Turnover for the three months ended in Dec. 2024 was 1.94.

Mangels Industrial Receivables Turnover Historical Data

The historical data trend for Mangels Industrial'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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Mangels Industrial Receivables Turnover Chart

Mangels Industrial Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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8.95

12.84

12.32

9.73

9.56

Mangels Industrial Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															2.09	2.09	1.93	2.09	1.94

Competitive Comparison of Mangels Industrial's Receivables Turnover

For the Steel subindustry, Mangels Industrial'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.

Mangels Industrial's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Mangels Industrial's Receivables Turnover distribution charts can be found below:

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

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Mangels Industrial Receivables Turnover Calculation

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

Mangels Industrial's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	948.038	/ (	(92.757	+	105.508)	/	2 )
=	948.038	/	99.1325
=	9.56

Mangels Industrial's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	231.04	/ (	(132.503	+	105.508)	/	2 )
=	231.04	/	119.0055
=	1.94

Mangels Industrial (BSP:MGEL4) 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.

Mangels Industrial Receivables Turnover Related Terms

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Mangels Industrial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mangels Industrial SA (BSP:MGEL4) » Definitions » Receivables Turnover

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Address

Rua Verbo Divino 1488, 6th floor, Suite 61A and 64D, Chacara Santo, Antonio, Sao Paulo, SP, BRA, 04719904

Website

http://www.mangels.com.br

Mangels Industrial SA produces, markets, sells and distributes steel and related products. It operates in four segments, Steel, Wheel, Cylinder and Galvanizing. It supplies wheels to the car industry, motorcycles, trucks, buses, appliances, and gas companies; liquefied petroleum gas cylinders; air tanks for heavy vehicles, agricultural machinery, and air compressors; rear axles for light vehicles; and rolls, blanks, and sheets of low carbon and high strength steel for use in motorcycles, electronics and accessories, and hardware components.

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