MRS Logistica (BSP:MRSA6B) Receivables Turnover : 5.39 (As of Dec. 2023)

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What is MRS 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. MRS Logistica's Revenue for the three months ended in Dec. 2023 was R$1,793 Mil. MRS Logistica's average Accounts Receivable for the three months ended in Dec. 2023 was R$333 Mil. Hence, MRS Logistica's Receivables Turnover for the three months ended in Dec. 2023 was 5.39.

MRS Logistica Receivables Turnover Historical Data

The historical data trend for MRS 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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MRS Logistica Receivables Turnover Chart

MRS Logistica Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.58

5.62

10.99

11.54

12.94

MRS Logistica 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															3.21	3.01	5.96	7.43	5.39

Competitive Comparison of MRS Logistica's Receivables Turnover

For the Railroads subindustry, MRS 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.

MRS Logistica's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, MRS Logistica's Receivables Turnover distribution charts can be found below:

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

MRS Logistica Receivables Turnover Calculation

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

MRS 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 )
=	6449.125	/ (	(546.154	+	450.308)	/	2 )
=	6449.125	/	498.231
=	12.94

MRS Logistica'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 )
=	1793.379	/ (	(215.525	+	450.308)	/	2 )
=	1793.379	/	332.9165
=	5.39

MRS Logistica (BSP:MRSA6B) 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.

MRS Logistica Receivables Turnover Related Terms

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MRS Logistica (BSP:MRSA6B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MRS Logistica SA (BSP:MRSA6B) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

MRSA5B:Brazil MRSA3B:Brazil

Address

Praia de Botafogo 228, Sala 1201 E, Rio de Janeiro, RJ, BRA, 22250906

Website

http://www.mrs.com.br

MRS Logistica SA is a publicly-held corporation engaged in the transportation services. The company operates a public railway transportation concession in the Southeast network, located in the States of Rio de Janeiro, Sao Paulo, and Minas Gerais. It interconnects the states of Rio de Janeiro, Minas Gerais, and Sao Paulo, spanning through the region that concentrates approximately 50% of Brazil's gross domestic product. Through MRS' railways, it also provides transport to reach the ports of Itaguai and Santos and Latin America. The company generates its entire revenue from providing cargo transport services in the Southeast Brazil.

MRS Logistica (BSP:MRSA6B) Headlines

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