MDM Engineering Group (LSE:MDM) Receivables Turnover : 3.25 (As of Mar. 2014)

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What is MDM Engineering 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. MDM Engineering Group's Revenue for the six months ended in Mar. 2014 was £33.18 Mil. MDM Engineering Group's average Accounts Receivable for the six months ended in Mar. 2014 was £10.21 Mil. Hence, MDM Engineering Group's Receivables Turnover for the six months ended in Mar. 2014 was 3.25.

MDM Engineering Group Receivables Turnover Historical Data

The historical data trend for MDM Engineering 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.

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MDM Engineering Group Receivables Turnover Chart

MDM Engineering Group Annual Data

Trend

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Receivables Turnover

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3.89

2.46

5.87

5.96

4.85

MDM Engineering Group Semi-Annual Data
	Mar12	Sep12	Mar13	Sep13	Mar14
Receivables Turnover	2.89	2.84	2.23	2.79	3.25

Competitive Comparison of MDM Engineering Group's Receivables Turnover

For the Specialty Business Services subindustry, MDM Engineering 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.

MDM Engineering Group's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, MDM Engineering Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where MDM Engineering Group's Receivables Turnover falls into.

MDM Engineering Group Receivables Turnover Calculation

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

MDM Engineering Group's Receivables Turnover for the fiscal year that ended in Mar. 2014 is calculated as

	Receivables Turnover (A: Mar. 2014 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2014 )	/ (	(Accounts Receivable (A: Mar. 2013 )	+	Accounts Receivable (A: Mar. 2014 ))	/	count )
=	65.441	/ (	(15.37	+	11.592)	/	2 )
=	65.441	/	13.481
=	4.85

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

	Receivables Turnover (Q: Mar. 2014 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2014 )	/ (	(Accounts Receivable (Q: Sep. 2013 )	+	Accounts Receivable (Q: Mar. 2014 ))	/	count )
=	33.177	/ (	(8.829	+	11.592)	/	2 )
=	33.177	/	10.2105
=	3.25

MDM Engineering Group (LSE:MDM) 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.

MDM Engineering Group Receivables Turnover Related Terms

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MDM Engineering Group (LSE:MDM) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » MDM Engineering Group Ltd (LSE:MDM) » Definitions » Receivables Turnover

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Website

http://www.mdm-engineering.com

MDM Engineering Group Ltd is engaged in the mineral process engineering and project management. The company has operations in the South Africa.

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