Made Tech Group (LSE:MTEC) Receivables Turnover : 3.48 (As of Nov. 2024)

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What is Made Tech 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. Made Tech Group's Revenue for the six months ended in Nov. 2024 was £21.75 Mil. Made Tech Group's average Accounts Receivable for the six months ended in Nov. 2024 was £6.26 Mil. Hence, Made Tech Group's Receivables Turnover for the six months ended in Nov. 2024 was 3.48.

Made Tech Group Receivables Turnover Historical Data

The historical data trend for Made Tech 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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Made Tech Group Receivables Turnover Chart

Made Tech Group Annual Data

Trend

May19

May20

May21

May22

May23

May24

Receivables Turnover

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6.34

7.81

9.01

9.24

8.83

Made Tech Group Semi-Annual Data
	May19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24	Nov24
Receivables Turnover	Get a 7-Day Free Trial						3.81	3.67	3.30	3.32	3.48

Competitive Comparison of Made Tech Group's Receivables Turnover

For the Information Technology Services subindustry, Made Tech 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.

Made Tech Group's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Made Tech Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Made Tech Group's Receivables Turnover falls into.

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Made Tech Group Receivables Turnover Calculation

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

Made Tech Group's Receivables Turnover for the fiscal year that ended in May. 2024 is calculated as

	Receivables Turnover (A: May. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: May. 2024 )	/ (	(Accounts Receivable (A: May. 2023 )	+	Accounts Receivable (A: May. 2024 ))	/	count )
=	38.568	/ (	(4.304	+	4.429)	/	2 )
=	38.568	/	4.3665
=	8.83

Made Tech Group's Receivables Turnover for the quarter that ended in Nov. 2024 is calculated as

	Receivables Turnover (Q: Nov. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Nov. 2024 )	/ (	(Accounts Receivable (Q: May. 2024 )	+	Accounts Receivable (Q: Nov. 2024 ))	/	count )
=	21.752	/ (	(4.429	+	8.087)	/	2 )
=	21.752	/	6.258
=	3.48

Made Tech Group (LSE:MTEC) 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.

Made Tech Group Receivables Turnover Related Terms

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Made Tech Group Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Made Tech Group PLC (LSE:MTEC) » Definitions » Receivables Turnover

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5UH:Germany

Address

4 O’Meara Street, London, GBR, SE1 1TE

Website

https://www.madetech.com

Made Tech Group PLC provides digital, data and technology services to the UK public sector, that enables central government, healthcare, and local government organisations to digitally transform. Its projects include delivering and operating the Multichannel Digital Tax Platform (MDTP), which runs HMRC's Making Tax Digital services; supporting the Ministry of Justice to modernise the technology within the prison estate; and working with DVLA to digitally transform key services such as the UK provisional driving licence system.

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