Manroy (LSE:MANA) Receivables Turnover: 1.94 (As of Mar. 2014)

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What is Manroy Receivables Turnover?

Manroy LSE:MANA Receivables Turnover is 1.94 as of Mar. 2014. The stock has 2 warning signs investors should review.

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. Manroy's Revenue for the six months ended in Mar. 2014 was £4.84 Mil. Manroy's average Accounts Receivable for the six months ended in Mar. 2014 was £2.49 Mil. Hence, Manroy's Receivables Turnover for the six months ended in Mar. 2014 was 1.94.


Manroy  (LSE:MANA) 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.


Manroy Receivables Turnover Related Terms


Manroy Receivables Turnover Historical Data

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The historical data trend for Manroy'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.

Manroy Receivables Turnover Chart

Manroy Annual Data
Trend Sep09 Sep10 Sep11 Sep12 Sep13
Receivables Turnover
0.00 0.00 2.32 1.93 2.46

Manroy Semi-Annual Data
Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14
Receivables Turnover Get a 7-Day Free Trial 1.19 1.23 1.09 1.48 1.94

LSE:MANA vs DRNE, SDEV, SIF: Receivables Turnover Comparison

For the Aerospace & Defense subindustry, Manroy'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.


Manroy Receivables Turnover vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Manroy's Receivables Turnover distribution charts can be found below:

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



Manroy Receivables Turnover Calculation

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

Manroy's Receivables Turnover for the fiscal year that ended in Sep. 2013 is calculated as

Receivables Turnover (A: Sep. 2013 )
=Revenue / Average Accounts Receivable
=Revenue (A: Sep. 2013 ) / ((Accounts Receivable (A: Sep. 2012 ) + Accounts Receivable (A: Sep. 2013 )) / count )
=8.866 / ((4.203 + 3.012) / 2 )
=8.866 / 3.6075
=2.46

Manroy's Receivables Turnover for the quarter that ended in Mar. 2014 is calculated as

Receivables Turnover (Q: Mar. 2014 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Mar. 2014 ) / ((Accounts Receivable (Q: Sep. 2013 ) + Accounts Receivable (Q: Mar. 2014 )) / count )
=4.842 / ((3.012 + 1.973) / 2 )
=4.842 / 2.4925
=1.94

* 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 1.94 mean?
Manroy (LSE:MANA) has a Receivables Turnover of 1.94 as of Mar. 2014. 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 Manroy and its competitors.
Is Manroy's Receivables Turnover too high?
Manroy's current Receivables Turnover is 1.94. The Aerospace & Defense industry median Receivables Turnover is 5.75. Manroy's value of 1.94 is 66.2% below this industry median.
How does Manroy's Receivables Turnover compare to DRNE and SDEV?
Manroy's Receivables Turnover of 1.94 can be compared against companies in the Aerospace & Defense industry. The industry median Receivables Turnover is 5.75. Manroy's value of 1.94 is 66.2% 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 an Aerospace & Defense company?
The median Receivables Turnover among Aerospace & Defense companies is 5.75, based on 344 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. Manroy's current Receivables Turnover of 1.94 is 66.2% 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 Manroy and its competitors. For the Aerospace & Defense industry, the median Receivables Turnover is 5.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manroy's current Receivables Turnover is 1.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manroy stock overvalued right now?
Manroy (LSE:MANA) has a current Receivables Turnover of 1.94. The current Receivables Turnover is 1.94 and 66.2% below the Aerospace & Defense industry median of 5.75. 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 Manroy (LSE:MANA), the current Receivables Turnover is 1.94 as of Mar. 2014. 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.

Manroy Business Description

Manroy PLC designs, manufactures, supplies and supports machine guns, mounts and associated products, including the 12.7mm M2 HMG and the 7.62mm General Purpose Machine Gun, M16, M4 and M5 weapons, Quick Change Barrel kits as well as weapon tripods and mounting systems. Its flagship product is the M2 HMG, which it has supplied to the MoD for approximately 26 years.