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MPZZF (MPC Container Ships ASA) Receivables Turnover : 4.60 (As of Sep. 2024)


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What is MPC Container Ships ASA 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. MPC Container Ships ASA's Revenue for the three months ended in Sep. 2024 was $132.4 Mil. MPC Container Ships ASA's average Accounts Receivable for the three months ended in Sep. 2024 was $28.8 Mil. Hence, MPC Container Ships ASA's Receivables Turnover for the three months ended in Sep. 2024 was 4.60.


MPC Container Ships ASA Receivables Turnover Historical Data

The historical data trend for MPC Container Ships ASA'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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MPC Container Ships ASA Receivables Turnover Chart

MPC Container Ships ASA Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 28.56 24.24 48.08 73.01 103.03

MPC Container Ships ASA 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.44 9.08 8.89 5.05 4.60

Competitive Comparison of MPC Container Ships ASA's Receivables Turnover

For the Marine Shipping subindustry, MPC Container Ships ASA'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.


MPC Container Ships ASA's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, MPC Container Ships ASA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where MPC Container Ships ASA's Receivables Turnover falls into.



MPC Container Ships ASA Receivables Turnover Calculation

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

MPC Container Ships ASA'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 )
=733.918 / ((7.937 + 6.31) / 2 )
=733.918 / 7.1235
=103.03

MPC Container Ships ASA'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 )
=132.437 / ((24.807 + 32.809) / 2 )
=132.437 / 28.808
=4.60

* 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.


MPC Container Ships ASA  (OTCPK:MPZZF) 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.


MPC Container Ships ASA Receivables Turnover Related Terms

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MPC Container Ships ASA Business Description

Address
Ruselokkveien 34, Oslo, NOR, N-0251
MPC Container Ships ASA is a Norway based company that engages in the investment in and operation of shipping assets. The group's principal business activity is to invest in and operate maritime assets in the container shipping segment. It owns and operates container shops and feeder vessels that are chartered out to liner shipping companies and regional carriers. https://oxbridgere.com/sec-filings The group has one reporting segment as it employs one type of vessel which is Container Vessels.

MPC Container Ships ASA Headlines