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. San Miguel's Revenue for the
three
months ended in Mar. 2026 was ₱428,321 Mil. San Miguel's average Accounts Receivable for the
three
months ended in Mar. 2026 was ₱182,544 Mil.
Hence, San Miguel's Receivables Turnover for the
three
months ended in Mar. 2026 was 2.35.
San Miguel (PHS:SMC) 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.
San Miguel Receivables Turnover Related Terms
San Miguel Receivables Turnover Historical Data
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The historical data trend for San Miguel'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.
PHS:SMC vs HON, MMM: Receivables Turnover Comparison
For the Conglomerates subindustry, San Miguel'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.
San Miguel Receivables Turnover vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, San Miguel's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where San Miguel'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.
San Miguel (PHS:SMC) has a Receivables Turnover of 2.35 as of Mar. 2026. 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 San Miguel and its competitors. According to the industry distribution chart, San Miguel ranks #153 out of 541 companies in the Conglomerates industry, placing it in the top 28.3%.
Is San Miguel's Receivables Turnover too high?
San Miguel's current Receivables Turnover is 2.35. The Conglomerates industry median Receivables Turnover is 6.31. San Miguel's value of 2.35 is 62.8% below this industry median. Based on the distribution chart, San Miguel ranks #153 out of 541 companies in the Conglomerates industry, which is above the industry midpoint. Overall, San Miguel has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does San Miguel's Receivables Turnover compare to HON and MMM?
According to the Conglomerates industry distribution chart, San Miguel ranks #153 out of 541 companies for Receivables Turnover. This puts San Miguel in the upper half of its industry. The industry median Receivables Turnover is 6.31. San Miguel's value of 2.35 is 62.8% 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 a Conglomerates company?
The median Receivables Turnover among Conglomerates companies is 6.31, based on 541 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. San Miguel's current Receivables Turnover of 2.35 is 62.8% 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 San Miguel and its competitors. For the Conglomerates industry, the median Receivables Turnover is 6.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. San Miguel's current Receivables Turnover is 2.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is San Miguel stock overvalued right now?
Based on GuruFocus' analysis, San Miguel (PHS:SMC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱82.76, compared to a current price of ₱67.25 — trading 18.7% below its estimated fair value. The current Receivables Turnover is 2.35 and 62.8% below the Conglomerates industry median of 6.31. San Miguel's overall GF Score™ is 76/100 with 5 warning signs to review. 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 San Miguel (PHS:SMC), the current Receivables Turnover is 2.35 as of Mar. 2026. 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.
Is San Miguel (PHS:SMC) Overvalued in 2026?
Based on GuruFocus' analysis, San Miguel stock appears to be undervalued.
The current stock price of ₱67.25 is trading 18.7% below its estimated GF Value™ of ₱82.76.
GuruFocus considers San Miguel to be Modestly Undervalued.
Key valuation signals for PHS:SMC:
Receivables Turnover: 2.35
GF Value™: ₱82.76 vs. price of ₱67.25 (18.7% below fair value)
Industry Position: 62.8% below the Conglomerates median (#153 of 541)
No single metric tells the full story. See the PHS:SMC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
San Miguel Corp, through its subsidiaries, operates in various reportable business segments, including food and beverage, packaging, energy, fuel and oil, infrastructure, cement, and real estate property management and development. Maximum revenue is generated from the fuel and oil segment, which is engaged in refining crude oil and marketing and distribution of refined petroleum products.
76GF Score
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Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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