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. McMillan Shakespeare's Revenue for the
six
months ended in Dec. 2025 was $190.7 Mil. McMillan Shakespeare's average Accounts Receivable for the
six
months ended in Dec. 2025 was $68.5 Mil.
Hence, McMillan Shakespeare's Receivables Turnover for the
six
months ended in Dec. 2025 was 2.78.
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.
McMillan Shakespeare Receivables Turnover Related Terms
McMillan Shakespeare Receivables Turnover Historical Data
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The historical data trend for McMillan Shakespeare'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.
MCSLF vs KFY, RHI, TNET: Receivables Turnover Comparison
For the Staffing & Employment Services subindustry, McMillan Shakespeare'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.
McMillan Shakespeare Receivables Turnover vs Business Services Industry
For the Business Services industry and Industrials sector, McMillan Shakespeare's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where McMillan Shakespeare's Receivables Turnover falls into.
* 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.
McMillan Shakespeare (MCSLF) has a Receivables Turnover of 2.78 as of Dec. 2025. The accounts 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. View historical data on McMillan Shakespeare and its competitors. According to the industry distribution chart, McMillan Shakespeare ranks #629 out of 1064 companies in the Business Services industry, placing it in the top 59.1%.
Is McMillan Shakespeare's Receivables Turnover too high?
McMillan Shakespeare's current Receivables Turnover is 2.78. The Business Services industry median Receivables Turnover is 6.17. McMillan Shakespeare's value of 2.78 is 54.9% below this industry median. Based on the distribution chart, McMillan Shakespeare ranks #629 out of 1064 companies in the Business Services industry, which is below the industry midpoint. Overall, McMillan Shakespeare has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does McMillan Shakespeare's Receivables Turnover compare to KFY and RHI?
According to the Business Services industry distribution chart, McMillan Shakespeare ranks #629 out of 1064 companies for Receivables Turnover. This places McMillan Shakespeare in the lower half of its industry. The industry median Receivables Turnover is 6.17. McMillan Shakespeare's value of 2.78 is 54.9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Business Services company?
The median Receivables Turnover among Business Services companies is 6.17, based on 1,064 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. McMillan Shakespeare's current Receivables Turnover of 2.78 is 54.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on McMillan Shakespeare and its competitors. For the Business Services industry, the median Receivables Turnover is 6.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. McMillan Shakespeare's current Receivables Turnover is 2.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is McMillan Shakespeare stock overvalued right now?
McMillan Shakespeare (MCSLF) has a current Receivables Turnover of 2.78. The stock's GF Value™ is $12.55, compared to a current price of $9.90 — trading 21.1% below its estimated fair value. The current Receivables Turnover is 2.78 and 54.9% below the Business Services industry median of 6.17. McMillan Shakespeare's overall GF Score™ is 81/100 with 13 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For McMillan Shakespeare (MCSLF), the current Receivables Turnover is 2.78 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is McMillan Shakespeare (MCSLF) Overvalued in 2026?
Based on GuruFocus' analysis, McMillan Shakespeare stock appears to be undervalued.
The current stock price of $9.90 is trading 21.1% below its estimated GF Value™ of $12.55.
Key valuation signals for MCSLF:
Receivables Turnover: 2.78
GF Value™: $12.55 vs. price of $9.90 (21.1% below fair value)
Industry Position: 54.9% below the Business Services median (#629 of 1064)
No single metric tells the full story. See the MCSLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
McMillan Shakespeare is a provider of salary packaging, novated leasing, disability plan management and support co-ordination, and fleet management services. It actively works to cross-sell its products to clients, for example, selling its salary packaging services to its fleet management customers in Australia and New Zealand. McMillan dominates Australia's salary packaging market together with Smartgroup (also covered by Morningstar), and is also a large provider of novated leasing services by volumes—together with Smartgroup and SG Fleet. The group has three operating segments: group remuneration services, asset management services, and plan and support services. Most of the group's revenue is generated from the group remuneration services segment.
81GF Score
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