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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. MIND Technology's Revenue for the
three
months ended in Apr. 2026 was €8.27 Mil. MIND Technology's average Accounts Receivable for the
three
months ended in Apr. 2026 was €12.41 Mil.
Hence, MIND Technology's Receivables Turnover for the
three
months ended in Apr. 2026 was 0.67.
MIND Technology (FRA:MI70) 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.
MIND Technology Receivables Turnover Related Terms
MIND Technology Receivables Turnover Historical Data
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The historical data trend for MIND Technology'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.
FRA:MI70 vs ACFN, LGL, AATC: Receivables Turnover Comparison
For the Scientific & Technical Instruments subindustry, MIND Technology'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.
MIND Technology Receivables Turnover vs Hardware Industry
For the Hardware industry and Technology sector, MIND Technology's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where MIND Technology's Receivables Turnover falls into.
* 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.
MIND Technology (FRA:MI70) has a Receivables Turnover of 0.67 as of Apr. 2026. The accounts 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. View historical data on MIND Technology and its competitors. According to the industry distribution chart, MIND Technology ranks #1739 out of 2468 companies in the Hardware industry, placing it in the top 70.5%.
Is MIND Technology's Receivables Turnover too high?
MIND Technology's current Receivables Turnover is 0.67. The Hardware industry median Receivables Turnover is 4.91. MIND Technology's value of 0.67 is 86.3% below this industry median. Based on the distribution chart, MIND Technology ranks #1739 out of 2468 companies in the Hardware industry, which is below the industry midpoint. Overall, MIND Technology has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MIND Technology's Receivables Turnover compare to ACFN and LGL?
According to the Hardware industry distribution chart, MIND Technology ranks #1739 out of 2468 companies for Receivables Turnover. This places MIND Technology in the lower half of its industry. The industry median Receivables Turnover is 4.91. MIND Technology's value of 0.67 is 86.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Hardware company?
The median Receivables Turnover among Hardware companies is 4.91, based on 2,468 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MIND Technology's current Receivables Turnover of 0.67 is 86.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on MIND Technology and its competitors. For the Hardware industry, the median Receivables Turnover is 4.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MIND Technology's current Receivables Turnover is 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MIND Technology stock overvalued right now?
Based on GuruFocus' analysis, MIND Technology (FRA:MI70) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.14, compared to a current price of €4.10 — trading 259.6% above its estimated fair value. The current Receivables Turnover is 0.67 and 86.3% below the Hardware industry median of 4.91. MIND Technology's overall GF Score™ is 45/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For MIND Technology (FRA:MI70), the current Receivables Turnover is 0.67 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is MIND Technology (FRA:MI70) Overvalued in 2026?
Based on GuruFocus' analysis, MIND Technology stock appears to be overvalued.
The current stock price of €4.10 is trading 259.6% above its estimated GF Value™ of €1.14.
GuruFocus considers MIND Technology to be Significantly Overvalued.
Key valuation signals for FRA:MI70:
Receivables Turnover: 0.67
GF Value™: €1.14 vs. price of €4.10 (259.6% above fair value)
Industry Position: 86.3% below the Hardware median (#1739 of 2468)
No single metric tells the full story. See the FRA:MI70 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MIND Technology Inc provides technology and solutions for exploration, survey, and defense applications in oceanographic, hydrographic, defense, seismic, and security industries. The company operates in single segment namely, Seamap which provides services and products, including engineering, repairs and software licensing, utilized in marine exploration, marine survey and maritime security for marine survey companies, seismic survey contractors, research institutes, non-military government organizations and operators of port facilities and other offshore installations. The company generates more revenue from Seamap Marine Products. The company's geographical segments include the United States; China, Norway; Turkey; Singapore; and Canada & Other.
45GF Score
Get the complete analysis for FRA:MI70
Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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