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Miba AG (LTS:0F98) Receivables Turnover : 1.71 (As of Jul. 2015)


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What is Miba AG 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. Miba AG's Revenue for the three months ended in Jul. 2015 was €184.9 Mil. Miba AG's average Accounts Receivable for the three months ended in Jul. 2015 was €107.9 Mil. Hence, Miba AG's Receivables Turnover for the three months ended in Jul. 2015 was 1.71.


Miba AG Receivables Turnover Historical Data

The historical data trend for Miba AG'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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Miba AG Receivables Turnover Chart

Miba AG Annual Data
Trend Jan10 Jan11 Jan12 Jan13 Jan14 Jan15
Receivables Turnover
Get a 7-Day Free Trial 6.39 5.50 6.50 7.47 7.38

Miba AG Quarterly Data
Oct10 Jan11 Apr11 Jul11 Oct11 Jan12 Apr12 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.80 1.76 1.73 1.85 1.71

Competitive Comparison of Miba AG's Receivables Turnover

For the Auto Parts subindustry, Miba AG'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.


Miba AG's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Miba AG's Receivables Turnover distribution charts can be found below:

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



Miba AG Receivables Turnover Calculation

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

Miba AG's Receivables Turnover for the fiscal year that ended in Jan. 2015 is calculated as

Receivables Turnover (A: Jan. 2015 )
=Revenue / Average Total Inventories
=Revenue (A: Jan. 2015 ) / ((Accounts Receivable (A: Jan. 2014 ) + Accounts Receivable (A: Jan. 2015 )) / count )
=669.302 / ((84.311 + 97.107) / 2 )
=669.302 / 90.709
=7.38

Miba AG's Receivables Turnover for the quarter that ended in Jul. 2015 is calculated as

Receivables Turnover (Q: Jul. 2015 )
=Revenue / Average Total Inventories
=Revenue (Q: Jul. 2015 ) / ((Accounts Receivable (Q: Apr. 2015 ) + Accounts Receivable (Q: Jul. 2015 )) / count )
=184.874 / ((108.516 + 107.202) / 2 )
=184.874 / 107.859
=1.71

* 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.


Miba AG  (LTS:0F98) 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.


Miba AG Receivables Turnover Related Terms

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Miba AG (LTS:0F98) Business Description

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Miba AG along with its subsidiaries manufactures & develops components for engines & automotive industries. It offers sintered components, engine bearings, friction materials, power electronics components and coatings.

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