Mustek (JSE:MST) Receivables Turnover: 2.61 (As of Dec. 2025)

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JSE:MST Mustek Ltd JSE:MST
76 GF Score
Price R15.20
GF Value R12.56
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Mustek Receivables Turnover?

Mustek JSE:MST 76 Receivables Turnover is 2.61 as of Dec. 2025. GuruFocus rates JSE:MST with a GF Score™ of 76/100 and a GF Value™ of R12.56 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 2,472 Hardware companies, Mustek ranks better than 54.09% on this metric.

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. Mustek's Revenue for the six months ended in Dec. 2025 was R3,545 Mil. Mustek's average Accounts Receivable for the six months ended in Dec. 2025 was R1,360 Mil. Hence, Mustek's Receivables Turnover for the six months ended in Dec. 2025 was 2.61.


Mustek  (JSE:MST) 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.


Mustek Receivables Turnover Related Terms


Mustek Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Mustek'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.

Mustek Receivables Turnover Chart

Mustek Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.81 7.53 7.17 5.66 5.22

Mustek Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 2.51 2.53 2.58 2.65 2.61

JSE:MST vs SNDK, DELL, STX: Receivables Turnover Comparison

For the Computer Hardware subindustry, Mustek'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.


Mustek Receivables Turnover vs Hardware Industry

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

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


JSE:MST
76GF Score
Mustek Ltd JSE:MST
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Mustek Receivables Turnover Calculation

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

Mustek's Receivables Turnover for the fiscal year that ended in Jun. 2025 is calculated as

Receivables Turnover (A: Jun. 2025 )
=Revenue / Average Accounts Receivable
=Revenue (A: Jun. 2025 ) / ((Accounts Receivable (A: Jun. 2024 ) + Accounts Receivable (A: Jun. 2025 )) / count )
=7183.089 / ((1441.926 + 1311.326) / 2 )
=7183.089 / 1376.626
=5.22

Mustek's Receivables Turnover for the quarter that ended in Dec. 2025 is calculated as

Receivables Turnover (Q: Dec. 2025 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Dec. 2025 ) / ((Accounts Receivable (Q: Jun. 2025 ) + Accounts Receivable (Q: Dec. 2025 )) / count )
=3544.829 / ((1311.326 + 1408.803) / 2 )
=3544.829 / 1360.0645
=2.61

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 2.61 mean?
Mustek (JSE:MST) has a Receivables Turnover of 2.61 as of Dec. 2025. 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 Mustek and its competitors. According to the industry distribution chart, Mustek ranks #1135 out of 2472 companies in the Hardware industry, placing it in the top 45.9%.
Is Mustek's Receivables Turnover too high?
Mustek's current Receivables Turnover is 2.61. The Hardware industry median Receivables Turnover is 4.90. Mustek's value of 2.61 is 46.7% below this industry median. Based on the distribution chart, Mustek ranks #1135 out of 2472 companies in the Hardware industry, which is above the industry midpoint. Overall, Mustek has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mustek's Receivables Turnover compare to SNDK and DELL?
According to the Hardware industry distribution chart, Mustek ranks #1135 out of 2472 companies for Receivables Turnover. This puts Mustek in the upper half of its industry. The industry median Receivables Turnover is 4.90. Mustek's value of 2.61 is 46.7% 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 4.90, based on 2,472 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. Mustek's current Receivables Turnover of 2.61 is 46.7% 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 Mustek and its competitors. For the Hardware industry, the median Receivables Turnover is 4.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mustek's current Receivables Turnover is 2.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mustek stock overvalued right now?
Based on GuruFocus' analysis, Mustek (JSE:MST) is currently considered Modestly Overvalued. The stock's GF Value™ is R12.56, compared to a current price of R15.20 — trading 21% above its estimated fair value. The current Receivables Turnover is 2.61 and 46.7% below the Hardware industry median of 4.90. Mustek's overall GF Score™ is 76/100 with 8 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 Mustek (JSE:MST), the current Receivables Turnover is 2.61 as of Dec. 2025. 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 Mustek (JSE:MST) Overvalued in 2026?

Based on GuruFocus' analysis, Mustek stock appears to be overvalued. The current stock price of R15.20 is trading 21% above its estimated GF Value™ of R12.56. GuruFocus considers Mustek to be Modestly Overvalued.

Key valuation signals for JSE:MST:

  • Receivables Turnover: 2.61
  • GF Value™: R12.56 vs. price of R15.20 (21% above fair value)
  • GF Score™: 76/100 with 8 warning signs
  • Industry Position: 46.7% below the Hardware median (#1135 of 2472)

No single metric tells the full story. See the JSE:MST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mustek Business Description

Address 322 15th Road, Randjespark, Midrand, GT, ZAF, 1685
Mustek Ltd is an assembler and distributor of personal computers and complementary Information and Communication Technology (ICT) products in South Africa. The company's segments include Mustek, Rectron, MIE, and the Group. Mustek includes assembly and distribution of computer products and peripherals, including Mecer-branded products and related services. Rectron includes the distribution of computer components and peripherals. Mecer Inter-Ed (MIE) includes a training provider of accredited training programmes, and the group includes investments in associates and other investments, and loans. Geographically, operates in the region of South Africa. It derives a substantial part of its revenue from the Mustek segment.
76GF Score

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Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R15.20
Price
R12.56
GF Value