Mirion Technologies (FRA:55I0) Receivables Turnover : 1.40 (As of Sep. 2024)

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What is Mirion Technologies 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. Mirion Technologies's Revenue for the three months ended in Sep. 2024 was €186.3 Mil. Mirion Technologies's average Accounts Receivable for the three months ended in Sep. 2024 was €133.4 Mil. Hence, Mirion Technologies's Receivables Turnover for the three months ended in Sep. 2024 was 1.40.

Mirion Technologies Receivables Turnover Historical Data

The historical data trend for Mirion Technologies'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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Mirion Technologies Receivables Turnover Chart

Mirion Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.50

4.60

Mirion Technologies 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															1.32	1.41	1.21	1.44	1.40

Competitive Comparison of Mirion Technologies's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Mirion Technologies'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.

Mirion Technologies's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mirion Technologies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mirion Technologies's Receivables Turnover falls into.

Mirion Technologies Receivables Turnover Calculation

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

Mirion Technologies'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 )
=	734.425	/ (	(161.613	+	157.999)	/	2 )
=	734.425	/	159.806
=	4.60

Mirion Technologies'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 )
=	186.327	/ (	(132.94	+	133.889)	/	2 )
=	186.327	/	133.4145
=	1.40

Mirion Technologies (FRA:55I0) 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.

Mirion Technologies Receivables Turnover Related Terms

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Mirion Technologies Business Description

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MIR:USA

Address

1218 Menlo Drive, Atlanta, GA, USA, 30318

Website

https://www.mirion.com

Mirion Technologies Inc provides products, services, and software that allows customers to safely leverage the power of ionizing radiation for the greater good of humanity through critical applications in the medical, nuclear, defense markets, as well as laboratories, scientific research, analysis and exploration. The Company manages its operations through two segments: Medical and Technologies. The Medical segment provides radiation oncology quality assurance, delivering patient safety solutions for diagnostic imaging and radiation therapy centers. The Technologies segment is based around the nuclear energy, defense, laboratories, and scientific research markets as well as other industrial markets. It derives maximum revenue from Technologies Segment.

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