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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. Manitex International's Revenue for the three months ended in Sep. 2024 was $66.5 Mil. Manitex International's average Accounts Receivable for the three months ended in Sep. 2024 was $49.5 Mil. Hence, Manitex International's Receivables Turnover for the three months ended in Sep. 2024 was 1.34.
The historical data trend for Manitex International'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.
Manitex International Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Receivables Turnover | Get a 7-Day Free Trial | 5.38 | 5.14 | 6.94 | 7.36 | 6.27 |
Manitex International 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 | 1.49 | 1.63 | 1.47 | 1.49 | 1.34 |
For the Farm & Heavy Construction Machinery subindustry, Manitex International'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.
For the Farm & Heavy Construction Machinery industry and Industrials sector, Manitex International's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Manitex International's Receivables Turnover falls into.
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Manitex International'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 ) |
= | 291.389 | / ( | (43.856 | + | 49.118) | / | 2 ) |
= | 291.389 | / | 46.487 | ||||
= | 6.27 |
Manitex International'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 ) |
= | 66.544 | / ( | (51.695 | + | 47.275) | / | 2 ) |
= | 66.544 | / | 49.485 | ||||
= | 1.34 |
* 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.
Manitex International (NAS:MNTX) 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.
Thank you for viewing the detailed overview of Manitex International's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
David J Langevin | director, officer: Chairman of the Board & CEO | 50120 PONTIAC TRAIL, WIXOM MI 48393 |
Takashi Kiso | director | 9725 INDUSTRIAL DRIVE, BRIDGEVIEW IL 60466 |
Michael Coffey | officer: Chief Executive Officer | 9725 INDUSTRIAL DRIVE, BRIDGEVIEW IL 60466 |
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Marvin B Rosenberg | director | 3228 PIGNATELLI CRESCENT, MOUNT PLEASANT SC 29466 |
Laura Ruoru Yu | officer: VP Finance & Corp. Controller | 9725 INDUSTRIAL DRIVE, BRIDGEVIEW IL 60455 |
Robert S Gigliotti | director | 901 WILSHIRE DR, STE 400, TROY MI 48084 |
Ingo Schiller | director | 4242 WEST GREENS ROAD, HOUSTON TX 77066 |
Tadano Ltd. | 10 percent owner | KO-34 SHINDEN-CHO, KAGAWA PREFECTURE, TAKAMATSU M0 761-0185 |
Sherman Jung | officer: VP Fin. Reporting (PFO/PAO) | 9725 INDUSTRIAL DRIVE, BRIDGEVIEW IL 60455 |
Steve Kiefer | officer: President, North America | 9725 INDUSTRIAL DRIVE, BRIDGEVIEW IL 60455 |
Michael Schneider | officer: SVP, CFO, Treas., & Secretary | 9725 INDUSTRIAL DRIVE, BRIDGEVIEW IL 60455 |
Ronald Michael Clark | director | 72 CATBRIER ROAD, WESTON CT 06883 |
Lubomir T. Litchev | officer: President, Manufacturing Ops. | 10 HIGH MEADOW TRAIL, DILLON CO 80435 |
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