Monde Nissin (PHS:MONDE) Receivables Turnover : 3.15 (As of Mar. 2024)

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What is Monde Nissin 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. Monde Nissin's Revenue for the three months ended in Mar. 2024 was ₱20,311 Mil. Monde Nissin's average Accounts Receivable for the three months ended in Mar. 2024 was ₱6,454 Mil. Hence, Monde Nissin's Receivables Turnover for the three months ended in Mar. 2024 was 3.15.

Monde Nissin Receivables Turnover Historical Data

The historical data trend for Monde Nissin'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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Monde Nissin Receivables Turnover Chart

Monde Nissin Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.54

9.69

10.94

11.42

12.24

Monde Nissin Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial													2.95	2.86	3.00	3.06	3.15

Competitive Comparison of Monde Nissin's Receivables Turnover

For the Packaged Foods subindustry, Monde Nissin'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.

Monde Nissin's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Monde Nissin's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Monde Nissin's Receivables Turnover falls into.

Monde Nissin Receivables Turnover Calculation

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

Monde Nissin'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 )
=	80169.467	/ (	(6734.782	+	6367.707)	/	2 )
=	80169.467	/	6551.2445
=	12.24

Monde Nissin'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 )
=	20311.442	/ (	(6367.707	+	6540.655)	/	2 )
=	20311.442	/	6454.181
=	3.15

Monde Nissin (PHS:MONDE) 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.

Monde Nissin Receivables Turnover Related Terms

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Monde Nissin (PHS:MONDE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Monde Nissin Corp (PHS:MONDE) » Definitions » Receivables Turnover

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Traded in Other Exchanges

MNDDF:USA

Address

Felix Reyes Street, Barangay Balibago, Sta Rosa, LAG, PHL, 4026

Website

https://mondenissin.com

Monde Nissin Corp is engaged in the food manufacturing industry in the Philippines. Its portfolio comprises Asia-Pacific Branded Food and Beverage (APAC BFB) Business and Meat Alternative Business. The APAC BFB Business consists of three product groups: instant noodles, biscuits, and other products (such as beverages, baked goods, and culinary aids). Its Meat Alternative Business sells its products globally under Quorn Foods and the Quorn brand. Geographically the company operates in the Philippines, Thailand, New Zealand, Singapore, and the United Kingdom.

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