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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. Movement Industries's Revenue for the
six
months ended in Jun. 2023 was $0.87 Mil. Movement Industries's average Accounts Receivable for the
six
months ended in Jun. 2023 was $0.60 Mil.
Hence, Movement Industries's Receivables Turnover for the
six
months ended in Jun. 2023 was 1.44.
Movement Industries (OTCPK:MVNT) 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.
Movement Industries Receivables Turnover Related Terms
Movement Industries Receivables Turnover Historical Data
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The historical data trend for Movement Industries'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.
Movement Industries Receivables Turnover Chart
Movement Industries Annual Data
Trend
Jun22
Jun23
Receivables Turnover
1.83
1.44
Movement Industries Semi-Annual Data
Jun22
Jun23
Receivables Turnover
1.83
1.44
MVNT vs ILUS, BENF, BNCM: Receivables Turnover Comparison
For the Asset Management subindustry, Movement Industries'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.
Movement Industries Receivables Turnover vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Movement Industries's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Movement Industries's Receivables Turnover falls into.
* 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.
Movement Industries (MVNT) has a Receivables Turnover of 1.44 as of Jun. 2023. The accounts 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. View historical data on Movement Industries and its competitors.
Is Movement Industries' Receivables Turnover too high?
Movement Industries' current Receivables Turnover is 1.44. The Asset Management industry median Receivables Turnover is 7.97. Movement Industries' value of 1.44 is 81.9% below this industry median.
How does Movement Industries' Receivables Turnover compare to ILUS and BENF?
Movement Industries' Receivables Turnover of 1.44 can be compared against companies in the Asset Management industry. The industry median Receivables Turnover is 7.97. Movement Industries' value of 1.44 is 81.9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for an Asset Management company?
The median Receivables Turnover among Asset Management companies is 7.97, based on 532 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Movement Industries's current Receivables Turnover of 1.44 is 81.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Movement Industries and its competitors. For the Asset Management industry, the median Receivables Turnover is 7.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Movement Industries's current Receivables Turnover is 1.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Movement Industries stock overvalued right now?
Movement Industries (MVNT) has a current Receivables Turnover of 1.44. The current Receivables Turnover is 1.44 and 81.9% below the Asset Management industry median of 7.97. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Movement Industries (MVNT), the current Receivables Turnover is 1.44 as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Movement Industries Corp invests in and operates companies across the energy, oil and gas, renewables, agricultural, and industrial manufacturing sectors. The company operates in North America, South America, Africa, European and Asian markets.
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