Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) Receivables Turnover : 5.26 (As of Dec. 2023)

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What is Magnitogorsk Iron & Steel Works PJSC 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. Magnitogorsk Iron & Steel Works PJSC's Revenue for the six months ended in Dec. 2023 was ₽411,489 Mil. Magnitogorsk Iron & Steel Works PJSC's average Accounts Receivable for the six months ended in Dec. 2023 was ₽78,159 Mil. Hence, Magnitogorsk Iron & Steel Works PJSC's Receivables Turnover for the six months ended in Dec. 2023 was 5.26.

Magnitogorsk Iron & Steel Works PJSC Receivables Turnover Historical Data

The historical data trend for Magnitogorsk Iron & Steel Works PJSC'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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Magnitogorsk Iron & Steel Works PJSC Receivables Turnover Chart

Magnitogorsk Iron & Steel Works PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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12.65

13.33

15.04

11.00

12.80

Magnitogorsk Iron & Steel Works PJSC Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															5.98	5.07	6.20	5.25	5.26

Competitive Comparison of Magnitogorsk Iron & Steel Works PJSC's Receivables Turnover

For the Steel subindustry, Magnitogorsk Iron & Steel Works PJSC'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.

Magnitogorsk Iron & Steel Works PJSC's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Magnitogorsk Iron & Steel Works PJSC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Magnitogorsk Iron & Steel Works PJSC's Receivables Turnover falls into.

Magnitogorsk Iron & Steel Works PJSC Receivables Turnover Calculation

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

Magnitogorsk Iron & Steel Works PJSC'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 )
=	763390	/ (	(48449	+	70827)	/	2 )
=	763390	/	59638
=	12.80

Magnitogorsk Iron & Steel Works PJSC's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	411489	/ (	(85490	+	70827)	/	2 )
=	411489	/	78158.5
=	5.26

Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) 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.

Magnitogorsk Iron & Steel Works PJSC Receivables Turnover Related Terms

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Magnitogorsk Iron & Steel Works PJSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

93, Kirov Street, Chelyabinsk region, Magnitogorsk, RUS, 455000

Website

https://www.mmk.ru

Magnitogorsk Iron & Steel Works PJSC is a steel producer in Russia. The company's output includes a broad range of steel products with a portion being high-value-added. In Russia, the company operates a large steel-producing complex encompassing the entire production chain from iron-ore processing to downstream production of rolled steel. The company sells the majority of its metal products in Russia. The company's financial results are divided into three segments: the Russian steel segment; the Turkish steel segment; and the coal segment. The steel segment accounts for the vast majority of the company's revenue.