MOYFF (Mynaric AG) Receivables Turnover : 2.65 (As of Dec. 2023)

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What is Mynaric AG 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. Mynaric AG's Revenue for the six months ended in Dec. 2023 was $1.05 Mil. Mynaric AG's average Accounts Receivable for the six months ended in Dec. 2023 was $0.40 Mil. Hence, Mynaric AG's Receivables Turnover for the six months ended in Dec. 2023 was 2.65.

Mynaric AG Receivables Turnover Historical Data

The historical data trend for Mynaric AG'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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Mynaric AG Receivables Turnover Chart

Mynaric AG Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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0.35

1.08

6.12

7.08

6.08

Mynaric AG Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial								10.63	0.24	3.83	7.41	2.65

Competitive Comparison of Mynaric AG's Receivables Turnover

For the Communication Equipment subindustry, Mynaric AG'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.

Mynaric AG's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Mynaric AG's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mynaric AG's Receivables Turnover falls into.

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Mynaric AG Receivables Turnover Calculation

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

Mynaric AG'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 )
=	5.878	/ (	(1.217	+	0.716)	/	2 )
=	5.878	/	0.9665
=	6.08

Mynaric AG'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 )
=	1.049	/ (	(0.077	+	0.716)	/	2 )
=	1.049	/	0.3965
=	2.65

Mynaric AG (OTCPK:MOYFF) 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.

Mynaric AG Receivables Turnover Related Terms

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Mynaric AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Mynaric AG (OTCPK:MOYFF) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Bertha-Kipfmuller-Strasse 2-8, Munich, BY, DEU, 81249

Website

https://www.mynaric.com

Mynaric AG operates in the communication equipment business sector. The company is engaged in the manufacture and sale of products and projects and the provision of services in the field of laser technology, in particular in the aerospace, telematics, and satellite services sectors. It operates in two segments: Air and Space. The space segment comprises CONDOR terminals, and the Air segment comprises HAWK terminals. The company's product portfolio consists of Optical ground stations, Air-to-ground terminals, Air-to-air terminals, Space terminals, and Custom products and subcomponents. Its applications consist of high-altitude networks, remote eyes, satellite constellations, earth observation satellites, and others. Geographically, its key revenue is derived from the United States.