METRO AG (METRO AG) Receivables Turnover : 10.09 (As of Mar. 2024)

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What is METRO 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. METRO AG's Revenue for the three months ended in Mar. 2024 was $7,498 Mil. METRO AG's average Accounts Receivable for the three months ended in Mar. 2024 was $743 Mil. Hence, METRO AG's Receivables Turnover for the three months ended in Mar. 2024 was 10.09.

METRO AG Receivables Turnover Historical Data

The historical data trend for METRO 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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METRO AG Receivables Turnover Chart

METRO AG Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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49.98

58.28

53.52

49.99

49.61

METRO AG Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															10.56	11.62	11.45	12.10	10.09

Competitive Comparison of METRO AG's Receivables Turnover

For the Food Distribution subindustry, METRO 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.

METRO AG's Receivables Turnover Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, METRO AG's Receivables Turnover distribution charts can be found below:

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

METRO AG Receivables Turnover Calculation

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

METRO AG's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	32605.123	/ (	(595.05	+	719.317)	/	2 )
=	32605.123	/	657.1835
=	49.61

METRO AG's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	7497.826	/ (	(741.549	+	744.565)	/	2 )
=	7497.826	/	743.057
=	10.09

METRO AG (OTCPK:MTTWF) 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.

METRO AG Receivables Turnover Related Terms

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METRO AG (METRO AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » METRO AG (OTCPK:MTTWF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

0RTE:UK B4B:Germany MEO:Austria

Address

Metro-Strasse 1, Dusseldorf, NW, DEU, 40235

Website

https://www.metroag.de

METRO AG operates as a food service company. It is active in the self-service wholesale trade with the brands METRO and MAKRO as well as in the delivery sales with the METRO delivery service, and the supply specialists Classic Fine Foods, Pro a Pro, and Rungis Express. Its business consists of segments which include METRO Germany, METRO Western Europe, METRO Russia, METRO Eastern Europe, and others. The other segment includes Hospitality Digital, the business unit that bundles the group's digitalization initiatives. It also includes service companies that provide group-wide services in the areas of real estate, logistics, information technology, advertising, and procurement.