Mene (TSXV:MENE) Receivables Turnover : 22.41 (As of Dec. 2024)

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What is Mene 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. Mene's Revenue for the three months ended in Dec. 2024 was C$9.12 Mil. Mene's average Accounts Receivable for the three months ended in Dec. 2024 was C$0.41 Mil. Hence, Mene's Receivables Turnover for the three months ended in Dec. 2024 was 22.41.

Mene Receivables Turnover Historical Data

The historical data trend for Mene'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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Mene Receivables Turnover Chart

Mene Annual Data

Trend

Oct15

Oct16

Oct17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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205.15

418.33

464.00

266.17

85.15

Mene Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															64.74	16.26	17.35	19.07	22.41

Competitive Comparison of Mene's Receivables Turnover

For the Luxury Goods subindustry, Mene'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.

Mene's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Mene's Receivables Turnover distribution charts can be found below:

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

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Mene Receivables Turnover Calculation

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

Mene's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	25.8	/ (	(0.103	+	0.503)	/	2 )
=	25.8	/	0.303
=	85.15

Mene's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	9.119	/ (	(0.311	+	0.503)	/	2 )
=	9.119	/	0.407
=	22.41

Mene (TSXV:MENE) 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.

Mene Receivables Turnover Related Terms

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Mene Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mene Inc (TSXV:MENE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

MENEF:USA

Address

334 Adelaide Street West, Suite 307, Toronto, ON, CAN, M5V 1R4

Website

https://www.mene.com

Mene Inc crafts pure 24-karat gold and platinum jewelry that is transparently sold by gram weight through mene.com, customers may buy jewelry, monitor the value of their collection, and sell or exchange their pieces by gram weight at prevailing market prices. The company retails its jewelry by gram weight direct-to-consumer through an online shopping experience.

Executives

Mahendra Naik

Director or Senior Officer of 10% Security Holder

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