Morgan Advanced Materials (LSE:MGAM) Receivables Turnover : 3.11 (As of Jun. 2024)

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What is Morgan Advanced Materials 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. Morgan Advanced Materials's Revenue for the six months ended in Jun. 2024 was £573 Mil. Morgan Advanced Materials's average Accounts Receivable for the six months ended in Jun. 2024 was £184 Mil. Hence, Morgan Advanced Materials's Receivables Turnover for the six months ended in Jun. 2024 was 3.11.

Morgan Advanced Materials Receivables Turnover Historical Data

The historical data trend for Morgan Advanced Materials'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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Morgan Advanced Materials Receivables Turnover Chart

Morgan Advanced Materials Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.79

6.36

7.21

7.18

6.74

Morgan Advanced Materials Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															3.17	3.18	2.78	2.89	3.11

Competitive Comparison of Morgan Advanced Materials's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Morgan Advanced Materials'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.

Morgan Advanced Materials's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Morgan Advanced Materials's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Morgan Advanced Materials's Receivables Turnover falls into.

Morgan Advanced Materials Receivables Turnover Calculation

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

Morgan Advanced Materials's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	1114.7	/ (	(170.6	+	160)	/	2 )
=	1114.7	/	165.3
=	6.74

Morgan Advanced Materials's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	572.6	/ (	(160	+	208.2)	/	2 )
=	572.6	/	184.1
=	3.11

Morgan Advanced Materials (LSE:MGAM) 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.

Morgan Advanced Materials Receivables Turnover Related Terms

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Morgan Advanced Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Morgan Advanced Materials PLC (LSE:MGAM) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

MCRUF:USA MGAMl:UK MGJ:Germany

Address

Sheet Street, York House, Windsor, GBR, SL4 1DD

Website

https://www.morganadvancedmaterials.com

Morgan Advanced Materials PLC is a U.K.-based company that manufactures a wide array of specialized and high-specification materials. The company's product line includes high-temperature insulation products used to reduce energy consumption, electrical carbon, linear and rotary transfer systems used for transferring electrical energy in motor and generator applications, seals and bearings, ceramic cores, piezoelectric sensors and transducers, crucibles, and others. The company's customers come from sectors including healthcare, petrochemical, transportation, electronics, energy, security and defense, and other industrial applications. Morgan Advanced Materials has a global presence, with the United States being the largest markets for the company.