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Mr Price Group (JSE:MRP) Receivables Turnover : 6.27 (As of Sep. 2024)


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What is Mr Price Group 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. Mr Price Group's Revenue for the six months ended in Sep. 2024 was R17,306 Mil. Mr Price Group's average Accounts Receivable for the six months ended in Sep. 2024 was R2,762 Mil. Hence, Mr Price Group's Receivables Turnover for the six months ended in Sep. 2024 was 6.27.

Mr Price Group Receivables Turnover Historical Data

The historical data trend for Mr Price Group'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.

Mr Price Group Receivables Turnover Chart

Mr Price Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.11 11.78 14.58 14.88 15.78

Mr Price Group Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.21 7.18 6.72 7.98 6.27

Competitive Comparison of Mr Price Group's Receivables Turnover

For the Apparel Retail subindustry, Mr Price Group'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.

Mr Price Group's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Mr Price Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mr Price Group's Receivables Turnover falls into.


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Mr Price Group Receivables Turnover Calculation

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

Mr Price Group's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Receivables Turnover (A: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2024 ) / ((Accounts Receivable (A: Mar. 2023 ) + Accounts Receivable (A: Mar. 2024 )) / count )
=36914 / ((2228 + 2451) / 2 )
=36914 / 2339.5
=15.78

Mr Price Group'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: Mar. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=17306 / ((2451 + 3072) / 2 )
=17306 / 2761.5
=6.27

* 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.

Mr Price Group  (JSE:MRP) 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.

Mr Price Group Receivables Turnover Related Terms

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Mr Price Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mr Price Group Ltd (JSE:MRP) » Definitions » Receivables Turnover
Comparable Companies
JSE:TRU XMAD:ITX TJX TSE:9983 ROST LULU BOM:500251 BURL LSE:NXT GAP TSX:ATZ LSE:JD. ANF TSE:2670 URBN TSE:8227 BOOT BOM:543426 WAR:CCC HKSE:06110
Traded in Other Exchanges
MRPLY:USA
Address
65 Masabalala Yengwa Avenue, Upper Level Durban Station Complex, Stamford Hill, North Concourse, Durban, NL, ZAF, 4001
Website
https://www.mrpricegroup.com
Mr Price Group Ltd is a retailer that sells proprietary-branded apparel and home goods through more than a thousand stores and online channels. It operates almost exclusively in Africa, with the vast majority of sales coming from South Africa. The company's segment involves: Apparel segment; Homeware segment; Financial Services segment; Telecoms segment; and Central Services segment. It derives maximum revenue from Apparel Segment.