McCoy Global (FRA:773) Receivables Turnover : 1.85 (As of Dec. 2024)

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What is McCoy Global 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. McCoy Global's Revenue for the three months ended in Dec. 2024 was €16.91 Mil. McCoy Global's average Accounts Receivable for the three months ended in Dec. 2024 was €9.13 Mil. Hence, McCoy Global's Receivables Turnover for the three months ended in Dec. 2024 was 1.85.

McCoy Global Receivables Turnover Historical Data

The historical data trend for McCoy Global'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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McCoy Global Receivables Turnover Chart

McCoy Global Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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6.99

7.27

5.54

5.92

6.11

McCoy Global 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															1.98	1.34	1.37	1.15	1.85

Competitive Comparison of McCoy Global's Receivables Turnover

For the Oil & Gas Equipment & Services subindustry, McCoy Global'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.

McCoy Global's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, McCoy Global's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where McCoy Global's Receivables Turnover falls into.

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McCoy Global Receivables Turnover Calculation

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

McCoy Global'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 )
=	51.96	/ (	(7.087	+	9.93)	/	2 )
=	51.96	/	8.5085
=	6.11

McCoy Global'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 )
=	16.907	/ (	(8.328	+	9.93)	/	2 )
=	16.907	/	9.129
=	1.85

McCoy Global (FRA:773) 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.

McCoy Global Receivables Turnover Related Terms

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McCoy Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » McCoy Global Inc (FRA:773) » Definitions » Receivables Turnover

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MCCRF:USA MCB:Canada

Address

14727 87th Avenue NW, Suite 300, Edmonton, AB, CAN, T5R 4E5

Website

https://www.mccoyglobal.com

McCoy Global Inc is a provider of equipment and technologies to support tubular running operations, enhance wellbore integrity, and assist with collecting critical data for the energy industry. The company's core products are used predominantly during the well construction phase for both land and offshore wells during oil and gas exploration and development. Some of its products are specialized hydraulic power tongs, dies, inserts, make or break torque equipment, and computerized torque turn monitoring systems, among others. In addition, the company also focuses on supporting capital equipment sales through aftermarket products and services such as technical support, consumables, and replacement parts. Geographically, it derives key revenue from the United States and Latin America.

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