Marshall Monteagle (JSE:MMP) Receivables Turnover : 2.51 (As of Sep. 2023)

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What is Marshall Monteagle 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. Marshall Monteagle's Revenue for the six months ended in Sep. 2023 was R1,171 Mil. Marshall Monteagle's average Accounts Receivable for the six months ended in Sep. 2023 was R467 Mil. Hence, Marshall Monteagle's Receivables Turnover for the six months ended in Sep. 2023 was 2.51.

Marshall Monteagle Receivables Turnover Historical Data

The historical data trend for Marshall Monteagle'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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Marshall Monteagle Receivables Turnover Chart

Marshall Monteagle Annual Data

Trend

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Mar23

Receivables Turnover

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7.13

3.62

4.38

6.07

6.78

Marshall Monteagle Semi-Annual Data
	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															2.63	2.97	2.89	2.29	2.51

Competitive Comparison of Marshall Monteagle's Receivables Turnover

For the Industrial Distribution subindustry, Marshall Monteagle'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.

Marshall Monteagle's Receivables Turnover Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Marshall Monteagle's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Marshall Monteagle's Receivables Turnover falls into.

Marshall Monteagle Receivables Turnover Calculation

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

Marshall Monteagle's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Sep. 2020 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	2288.408	/ (	(326.646	+	348.592)	/	2 )
=	2288.408	/	337.619
=	6.78

Marshall Monteagle's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	1171.265	/ (	(348.592	+	585.794)	/	2 )
=	1171.265	/	467.193
=	2.51

Marshall Monteagle (JSE:MMP) 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.

Marshall Monteagle Receivables Turnover Related Terms

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Marshall Monteagle (JSE:MMP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Marshall Monteagle PLC (JSE:MMP) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

66-72 Esplanade, 2nd Floor, Gaspe House, Saint Helier, JEY, JE1 1GH

Website

https://www.monteaglegroup.com

Marshall Monteagle PLC operates trading businesses involved in the importation and distribution of hand tools, machinery and non-perishable food products, coffee roasting, importing and exporting and trading in metals and minerals. It is also involved in the property business. The company generates the majority of its revenue from the Import and distribution segment, which is engaged in Trade in non-perishable products, such as food, food ingredients, household consumer products, metal and minerals, manufacturing inputs, and tools; primarily imports to South Africa and Latin America, and exports from South Africa.