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Mytilineos (STU:MYH) Receivables Turnover : 2.63 (As of Dec. 2023)


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What is Mytilineos 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. Mytilineos's Revenue for the six months ended in Dec. 2023 was €2,976 Mil. Mytilineos's average Accounts Receivable for the six months ended in Dec. 2023 was €1,131 Mil. Hence, Mytilineos's Receivables Turnover for the six months ended in Dec. 2023 was 2.63.


Mytilineos Receivables Turnover Historical Data

The historical data trend for Mytilineos'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.

* Premium members only.

Mytilineos Receivables Turnover Chart

Mytilineos Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.21 2.43 3.09 6.47 5.44

Mytilineos Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.67 1.73 3.25 2.23 2.63

Competitive Comparison of Mytilineos's Receivables Turnover

For the Conglomerates subindustry, Mytilineos'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.


Mytilineos's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Mytilineos's Receivables Turnover distribution charts can be found below:

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



Mytilineos Receivables Turnover Calculation

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

Mytilineos'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 )
=5491.685 / ((1005.868 + 1013.4) / 2 )
=5491.685 / 1009.634
=5.44

Mytilineos's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Jun. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=2976.033 / ((1249.378 + 1013.4) / 2 )
=2976.033 / 1131.389
=2.63

* 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.


Mytilineos  (STU:MYH) 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.


Mytilineos Receivables Turnover Related Terms

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Mytilineos (STU:MYH) Business Description

Traded in Other Exchanges
Address
8 Artemidos Street, Maroussi, Athens, GRC, 151 25
Mytilineos SA is a leading industrial and energy company with an international presence in all five continents. The company's business segments include Metallurgy, Sustainable Engineering Solutions, Power and Gas, and International Renewables and Storage Development. Maximum revenue is generated from the power and gas sector. Geographically, it derives a majority of its revenue from Hellas.

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