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Millennium Group International Holdings (NAS:MGIH) 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.
Millennium Group International Holdings Receivables Turnover Related Terms
Millennium Group International Holdings Receivables Turnover Historical Data
* 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.
Millennium Group International Holdings Receivables Turnover Chart
Millennium Group International Holdings Annual Data
Trend
Jun21
Jun22
Jun23
Jun24
Jun25
Receivables Turnover
3.66
3.71
3.21
3.90
3.06
Millennium Group International Holdings Semi-Annual Data
MGIH vs GFLT, YHGJ, DSS: Receivables Turnover Comparison
For the Packaging & Containers subindustry, Millennium Group International Holdings'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.
Millennium Group International Holdings Receivables Turnover vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Millennium Group International Holdings's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Millennium Group International Holdings'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.
Millennium Group International Holdings (MGIH) has a Receivables Turnover of 1.62 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 Millennium Group International Holdings and its competitors. According to the industry distribution chart, Millennium Group International Holdings ranks #351 out of 395 companies in the Packaging & Containers industry, placing it in the top 88.9%.
Is Millennium Group International Holdings' Receivables Turnover too high?
Millennium Group International Holdings' current Receivables Turnover is 1.62. The Packaging & Containers industry median Receivables Turnover is 5.43. Millennium Group International Holdings' value of 1.62 is 70.2% below this industry median. Based on the distribution chart, Millennium Group International Holdings ranks #351 out of 395 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, Millennium Group International Holdings has a GF Score™ of 32/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Millennium Group International Holdings' Receivables Turnover compare to GFLT and YHGJ?
According to the Packaging & Containers industry distribution chart, Millennium Group International Holdings ranks #351 out of 395 companies for Receivables Turnover. This places Millennium Group International Holdings in the lower half of its industry. The industry median Receivables Turnover is 5.43. Millennium Group International Holdings' value of 1.62 is 70.2% 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 Packaging & Containers company?
The median Receivables Turnover among Packaging & Containers companies is 5.43, based on 395 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. Millennium Group International Holdings's current Receivables Turnover of 1.62 is 70.2% 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 Millennium Group International Holdings and its competitors. For the Packaging & Containers industry, the median Receivables Turnover is 5.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Millennium Group International Holdings's current Receivables Turnover is 1.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millennium Group International Holdings stock overvalued right now?
Based on GuruFocus' analysis, Millennium Group International Holdings (MGIH) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.81, compared to a current price of $1.58 — trading 95.1% above its estimated fair value. The current Receivables Turnover is 1.62 and 70.2% below the Packaging & Containers industry median of 5.43. Millennium Group International Holdings' overall GF Score™ is 32/100 with 2 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 Millennium Group International Holdings (MGIH), the current Receivables Turnover is 1.62 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 Millennium Group International Holdings (MGIH) Overvalued in 2026?
Based on GuruFocus' analysis, Millennium Group International Holdings stock appears to be overvalued.
The current stock price of $1.58 is trading 95.1% above its estimated GF Value™ of $0.81.
GuruFocus considers Millennium Group International Holdings to be Significantly Overvalued.
Key valuation signals for MGIH:
Receivables Turnover: 1.62
GF Value™: $0.81 vs. price of $1.58 (95.1% above fair value)
Industry Position: 70.2% below the Packaging & Containers median (#351 of 395)
No single metric tells the full story. See the MGIH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Millennium Group International Holdings Business Description
Millennium Group International Holdings Ltd supplies paper-based packaging solutions, including inner packaging boxes produced with offset or flexo printing and outer corrugated boxes used for transportation, storage, pallets, and point-of-purchase displays. The company manufactures corrugated products of different sizes, shapes, thicknesses, and strengths according to customer specifications. It also operates a supply chain management business in Vietnam to service international clients who source their packaging needs from Vietnam and other ASEAN countries. The corrugated paper is durable, versatile, economical, and lightweight.
32GF Score
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