MGLUY (Magazine Luiza) Receivables Turnover : 1.90 (As of Sep. 2024)

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What is Magazine Luiza 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. Magazine Luiza's Revenue for the three months ended in Sep. 2024 was $1,625 Mil. Magazine Luiza's average Accounts Receivable for the three months ended in Sep. 2024 was $853 Mil. Hence, Magazine Luiza's Receivables Turnover for the three months ended in Sep. 2024 was 1.90.

Magazine Luiza Receivables Turnover Historical Data

The historical data trend for Magazine Luiza'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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Magazine Luiza Receivables Turnover Chart

Magazine Luiza Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.82

6.93

6.48

6.22

6.03

Magazine Luiza Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.64	1.97	1.54	1.63	1.90

Competitive Comparison of Magazine Luiza's Receivables Turnover

For the Specialty Retail subindustry, Magazine Luiza'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.

Magazine Luiza's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Magazine Luiza's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Magazine Luiza's Receivables Turnover falls into.

Magazine Luiza Receivables Turnover Calculation

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

Magazine Luiza'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 )
=	7504.01	/ (	(1288.8	+	1201.161)	/	2 )
=	7504.01	/	1244.9805
=	6.03

Magazine Luiza's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	1625.473	/ (	(843.821	+	862.928)	/	2 )
=	1625.473	/	853.3745
=	1.90

Magazine Luiza (OTCPK:MGLUY) 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.

Magazine Luiza Receivables Turnover Related Terms

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Magazine Luiza Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Magazine Luiza SA (OTCPK:MGLUY) » Definitions » Receivables Turnover

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MGLU3:Brazil

Address

Rua Arnulfo de Lima, 2385 - Vila Santa Cruz, Franca, SP, BRA, 14403-471

Website

https://www.magazineluiza.com.br

Magazine Luiza SA is engaged in retail sales, through physical stores, e-commerce, and its SuperApp, which is an application that offers products and services from its subsidiaries, as well as from commercial partners (sellers) through the marketplace platform. Its operations include four segments, Retail segment, Financial operations, Insurance operations, and Other services. The company derives maximum revenue from the Retail segment.