MyCelx Technologies (LSE:MYX) Receivables Turnover : 0.00 (As of Jun. 2023)

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What is MyCelx Technologies 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. MyCelx Technologies's Revenue for the six months ended in Jun. 2023 was £0.00 Mil. MyCelx Technologies's average Accounts Receivable for the six months ended in Jun. 2023 was £1.80 Mil.

MyCelx Technologies Receivables Turnover Historical Data

The historical data trend for MyCelx Technologies'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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MyCelx Technologies Receivables Turnover Chart

MyCelx Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.90

2.55

5.09

4.47

4.64

MyCelx Technologies Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.83	2.50	-	-	-

Competitive Comparison of MyCelx Technologies's Receivables Turnover

For the Pollution & Treatment Controls subindustry, MyCelx Technologies'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.

MyCelx Technologies's Receivables Turnover Distribution in the Industrial Products Industry

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

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

MyCelx Technologies Receivables Turnover Calculation

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

MyCelx Technologies'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 )
=	8.617	/ (	(2.281	+	1.431)	/	2 )
=	8.617	/	1.856
=	4.64

MyCelx Technologies's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	0	/ (	(2.281	+	1.327)	/	2 )
=	0	/	1.804
=	N/A

MyCelx Technologies (LSE:MYX) 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.

MyCelx Technologies Receivables Turnover Related Terms

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MyCelx Technologies (LSE:MYX) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » MyCelx Technologies Corp (LSE:MYX) » Definitions » Receivables Turnover

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Address

1650 International Court, Suite 100, Norcross, GA, USA, 30093

Website

https://www.mycelx.com

MyCelx Technologies Corp is a clean water technology company. It provides novel water treatment solutions to the oil and gas, power, marine and heavy manufacturing sectors. The company created the patented MYCELX polymer using molecular cohesion for removing oil and other contaminants from water. Geographically, the group has a business presence in the Middle East, the United States, Nigeria, and Other regions, of which key revenue is derived from the Middle East region.