Mabuhay Vinyl (PHS:MVC) Receivables Turnover : 1.03 (As of Mar. 2024)

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What is Mabuhay Vinyl 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. Mabuhay Vinyl's Revenue for the three months ended in Mar. 2024 was ₱718 Mil. Mabuhay Vinyl's average Accounts Receivable for the three months ended in Mar. 2024 was ₱696 Mil. Hence, Mabuhay Vinyl's Receivables Turnover for the three months ended in Mar. 2024 was 1.03.

Mabuhay Vinyl Receivables Turnover Historical Data

The historical data trend for Mabuhay Vinyl'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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Mabuhay Vinyl Receivables Turnover Chart

Mabuhay Vinyl Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.67

4.42

4.00

4.95

4.38

Mabuhay Vinyl 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															1.17	1.06	1.09	1.10	1.03

Competitive Comparison of Mabuhay Vinyl's Receivables Turnover

For the Chemicals subindustry, Mabuhay Vinyl'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.

Mabuhay Vinyl's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Mabuhay Vinyl's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mabuhay Vinyl's Receivables Turnover falls into.

Mabuhay Vinyl Receivables Turnover Calculation

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

Mabuhay Vinyl'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 )
=	3073.772	/ (	(693.177	+	711.043)	/	2 )
=	3073.772	/	702.11
=	4.38

Mabuhay Vinyl'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 )
=	718.282	/ (	(711.043	+	681.276)	/	2 )
=	718.282	/	696.1595
=	1.03

Mabuhay Vinyl (PHS:MVC) 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.

Mabuhay Vinyl Receivables Turnover Related Terms

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Mabuhay Vinyl (PHS:MVC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Mabuhay Vinyl Corp (PHS:MVC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

169 H.V. Dela Costa Street, 22nd Floor, The Salcedo Towers, Salcedo Village, Makati City, PHL, 1227

Website

https://www.mvc.com.ph

Mabuhay Vinyl Corp is a Philippines based Chlor-Alkali chemical producer. It focuses on manufacturing and distributing basic and intermediate chemicals. Some of its products are caustic soda, hydrochloric acid, sodium hypochlorite and chlorine which are widely used in diversified industries. The Group considers the manufacturing and distribution of basic and intermediate chemicals as its business activity and only operating segment.