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. Michelin's Revenue for the
six
months ended in Dec. 2025 was MXN273,332 Mil. Michelin's average Accounts Receivable for the
six
months ended in Dec. 2025 was MXN80,171 Mil.
Hence, Michelin's Receivables Turnover for the
six
months ended in Dec. 2025 was 3.41.
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.
Michelin Receivables Turnover Related Terms
Michelin Receivables Turnover Historical Data
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The historical data trend for Michelin'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.
MEX:ML vs ORLY, AZO: Receivables Turnover Comparison
For the Auto Parts subindustry, Michelin'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.
Michelin Receivables Turnover vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Michelin's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Michelin'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.
Michelin (MEX:ML) has a Receivables Turnover of 3.41 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 Michelin and its competitors. According to the industry distribution chart, Michelin ranks #497 out of 1319 companies in the Vehicles & Parts industry, placing it in the top 37.7%.
Is Michelin's Receivables Turnover too high?
Michelin's current Receivables Turnover is 3.41. The Vehicles & Parts industry median Receivables Turnover is 5.99. Michelin's value of 3.41 is 43.1% below this industry median. Based on the distribution chart, Michelin ranks #497 out of 1319 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Michelin has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Michelin's Receivables Turnover compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Michelin ranks #497 out of 1319 companies for Receivables Turnover. This puts Michelin in the upper half of its industry. The industry median Receivables Turnover is 5.99. Michelin's value of 3.41 is 43.1% 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 Vehicles & Parts company?
The median Receivables Turnover among Vehicles & Parts companies is 5.99, based on 1,319 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. Michelin's current Receivables Turnover of 3.41 is 43.1% 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 Michelin and its competitors. For the Vehicles & Parts industry, the median Receivables Turnover is 5.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Michelin's current Receivables Turnover is 3.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Michelin stock overvalued right now?
Michelin (MEX:ML) has a current Receivables Turnover of 3.41. The stock's GF Value™ is MXN635.00, compared to a current price of MXN733.29 — trading 15.5% above its estimated fair value. The current Receivables Turnover is 3.41 and 43.1% below the Vehicles & Parts industry median of 5.99. Michelin's overall GF Score™ is 84/100 with 6 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 Michelin (MEX:ML), the current Receivables Turnover is 3.41 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 Michelin (MEX:ML) Overvalued in 2026?
Based on GuruFocus' analysis, Michelin stock appears to be overvalued.
The current stock price of MXN733.29 is trading 15.5% above its estimated GF Value™ of MXN635.00.
Key valuation signals for MEX:ML:
Receivables Turnover: 3.41
GF Value™: MXN635.00 vs. price of MXN733.29 (15.5% above fair value)
Industry Position: 43.1% below the Vehicles & Parts median (#497 of 1319)
No single metric tells the full story. See the MEX:ML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Michelin manufactures tires for passenger vehicles. The company also makes tires for all types of commercial vehicles as well as bicycle, motorcycle, earthmover, aviation, and agricultural tires. Its operations are organized into three operating segments namely Automotive and two-wheel; Road transportation; and Specialty businesses. The company generates maximum revenue from Automotive segments. The Specialty businesses include the Mining, Beyond-road, Two-wheel and Aircraft tire activities, as well as the High-Tech Materials activities. The Services & Solutions businesses are included for the majority part in the Road transportation and related distribution segment.
84GF Score
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