Mills Locacao Servicos e Logistica (BSP:MILS3) Receivables Turnover : 1.10 (As of Sep. 2024)

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What is Mills Locacao Servicos e Logistica 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. Mills Locacao Servicos e Logistica's Revenue for the three months ended in Sep. 2024 was R$420 Mil. Mills Locacao Servicos e Logistica's average Accounts Receivable for the three months ended in Sep. 2024 was R$383 Mil. Hence, Mills Locacao Servicos e Logistica's Receivables Turnover for the three months ended in Sep. 2024 was 1.10.

Mills Locacao Servicos e Logistica Receivables Turnover Historical Data

The historical data trend for Mills Locacao Servicos e Logistica'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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Mills Locacao Servicos e Logistica Receivables Turnover Chart

Mills Locacao Servicos e Logistica Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.07

4.66

5.78

5.43

4.86

Mills Locacao Servicos e Logistica Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.24	1.20	1.07	1.02	1.10

Competitive Comparison of Mills Locacao Servicos e Logistica's Receivables Turnover

For the Rental & Leasing Services subindustry, Mills Locacao Servicos e Logistica'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.

Mills Locacao Servicos e Logistica's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Mills Locacao Servicos e Logistica's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mills Locacao Servicos e Logistica's Receivables Turnover falls into.

Mills Locacao Servicos e Logistica Receivables Turnover Calculation

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

Mills Locacao Servicos e Logistica'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 )
=	1377.756	/ (	(247.109	+	319.815)	/	2 )
=	1377.756	/	283.462
=	4.86

Mills Locacao Servicos e Logistica'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: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	419.53	/ (	(384.418	+	381.687)	/	2 )
=	419.53	/	383.0525
=	1.10

Mills Locacao Servicos e Logistica (BSP:MILS3) 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.

Mills Locacao Servicos e Logistica Receivables Turnover Related Terms

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Mills Locacao Servicos e Logistica Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Mills Locacao Servicos e Logistica SA (BSP:MILS3) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Estrada do Guerengue, 1381, Taquara, Rio de Janeiro, RJ, BRA, 22713-002

Website

https://ri.mills.com.br

Mills Locacao Servicos e Logistica SA operates in the infrastructure, construction, and manufacturing industries. Its activity includes Rental and sale, including imports and exports, of steel and aluminum tubular structures, shoring and access equipment for construction works, as well as reusable concrete formworks. Sale, rental, and distribution of aerial work platforms and telescopic handlers. It has a Construction business unit and Rental business unit segments, and the majority of the revenue derives from the Rental business segment.

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