Meta Materials (FRA:V00) Receivables Turnover : 2.19 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Meta Materials 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. Meta Materials's Revenue for the three months ended in Mar. 2024 was €3.01 Mil. Meta Materials's average Accounts Receivable for the three months ended in Mar. 2024 was €1.37 Mil. Hence, Meta Materials's Receivables Turnover for the three months ended in Mar. 2024 was 2.19.

Meta Materials Receivables Turnover Historical Data

The historical data trend for Meta Materials'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.

* Premium members only.

Meta Materials Receivables Turnover Chart

Meta Materials Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

48.53

4.84

8.28

8.51

Meta Materials Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial												1.61	1.93	1.51	1.74	2.19

Competitive Comparison of Meta Materials's Receivables Turnover

For the Electronic Components subindustry, Meta Materials'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.

Meta Materials's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Meta Materials's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Meta Materials's Receivables Turnover falls into.

Meta Materials Receivables Turnover Calculation

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

Meta Materials'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 )
=	7.305	/ (	(0.852	+	0.865)	/	2 )
=	7.305	/	0.8585
=	8.51

Meta Materials's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	3.01	/ (	(0.865	+	1.884)	/	2 )
=	3.01	/	1.3745
=	2.19

Meta Materials (FRA:V00) 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.

Meta Materials Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Meta Materials's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Meta Materials (FRA:V00) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Meta Materials Inc (FRA:V00) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

MMAT:USA

Address

60 Highfield Park Drive, Dartmouth, NS, CAN, B3A 4R9

Website

https://www.metamaterial.com

Meta Materials Inc delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. Its extensive technology platform enables global brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. Its products include NANOWEB, which is a transparent conductive film; holoOPTIX; ARfusion; metaAIR; and glucoWISE.

Meta Materials (FRA:V00) Headlines

No Headlines