PJP Makrum (WAR:PJP) Receivables Turnover: 1.11 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

WAR:PJP PJP Makrum SA WAR:PJP
73 GF Score
Price zł20.70
GF Value zł17.21
Valuation Modestly Overvalued
! 14 Warning Signs
View Full Analysis

What is PJP Makrum Receivables Turnover?

PJP Makrum WAR:PJP 73 Receivables Turnover is 1.11 as of Mar. 2026. GuruFocus rates WAR:PJP with a GF Score™ of 73/100 and a GF Value™ of zł17.21 (Modestly Overvalued). The stock has 14 warning signs investors should review. Among 1,761 Construction companies, PJP Makrum ranks better than 61.56% on this metric.

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. PJP Makrum's Revenue for the three months ended in Mar. 2026 was zł86.8 Mil. PJP Makrum's average Accounts Receivable for the three months ended in Mar. 2026 was zł78.1 Mil. Hence, PJP Makrum's Receivables Turnover for the three months ended in Mar. 2026 was 1.11.


PJP Makrum  (WAR:PJP) 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.


PJP Makrum Receivables Turnover Related Terms


PJP Makrum Receivables Turnover Historical Data

* Premium members only.

The historical data trend for PJP Makrum'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.

PJP Makrum Receivables Turnover Chart

PJP Makrum Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.69 9.35 6.74 6.25 6.04

PJP Makrum Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.46 1.49 1.60 1.57 1.11

WAR:PJP vs PWR, FIX, EME: Receivables Turnover Comparison

For the Engineering & Construction subindustry, PJP Makrum'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.


PJP Makrum Receivables Turnover vs Construction Industry

For the Construction industry and Industrials sector, PJP Makrum's Receivables Turnover distribution charts can be found below:

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


WAR:PJP
73GF Score
PJP Makrum SA WAR:PJP
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PJP Makrum Receivables Turnover Calculation

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

PJP Makrum's Receivables Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Receivables Turnover (A: Dec. 2025 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2025 ) / ((Accounts Receivable (A: Dec. 2024 ) + Accounts Receivable (A: Dec. 2025 )) / count )
=492.498 / ((79.622 + 83.56) / 2 )
=492.498 / 81.591
=6.04

PJP Makrum's Receivables Turnover for the quarter that ended in Mar. 2026 is calculated as

Receivables Turnover (Q: Mar. 2026 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Mar. 2026 ) / ((Accounts Receivable (Q: Dec. 2025 ) + Accounts Receivable (Q: Mar. 2026 )) / count )
=86.825 / ((83.56 + 72.653) / 2 )
=86.825 / 78.1065
=1.11

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 1.11 mean?
PJP Makrum (WAR:PJP) has a Receivables Turnover of 1.11 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 PJP Makrum and its competitors. According to the industry distribution chart, PJP Makrum ranks #677 out of 1761 companies in the Construction industry, placing it in the top 38.4%.
Is PJP Makrum's Receivables Turnover too high?
PJP Makrum's current Receivables Turnover is 1.11. The Construction industry median Receivables Turnover is 4.76. PJP Makrum's value of 1.11 is 76.7% below this industry median. Based on the distribution chart, PJP Makrum ranks #677 out of 1761 companies in the Construction industry, which is above the industry midpoint. Overall, PJP Makrum has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PJP Makrum's Receivables Turnover compare to PWR and FIX?
According to the Construction industry distribution chart, PJP Makrum ranks #677 out of 1761 companies for Receivables Turnover. This puts PJP Makrum in the upper half of its industry. The industry median Receivables Turnover is 4.76. PJP Makrum's value of 1.11 is 76.7% 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 Construction company?
The median Receivables Turnover among Construction companies is 4.76, based on 1,761 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. PJP Makrum's current Receivables Turnover of 1.11 is 76.7% 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 PJP Makrum and its competitors. For the Construction industry, the median Receivables Turnover is 4.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PJP Makrum's current Receivables Turnover is 1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PJP Makrum stock overvalued right now?
Based on GuruFocus' analysis, PJP Makrum (WAR:PJP) is currently considered Modestly Overvalued. The stock's GF Value™ is zł17.21, compared to a current price of zł20.70 — trading 20.3% above its estimated fair value. The current Receivables Turnover is 1.11 and 76.7% below the Construction industry median of 4.76. PJP Makrum's overall GF Score™ is 73/100 with 14 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 PJP Makrum (WAR:PJP), the current Receivables Turnover is 1.11 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 PJP Makrum (WAR:PJP) Overvalued in 2026?

Based on GuruFocus' analysis, PJP Makrum stock appears to be overvalued. The current stock price of zł20.70 is trading 20.3% above its estimated GF Value™ of zł17.21. GuruFocus considers PJP Makrum to be Modestly Overvalued.

Key valuation signals for WAR:PJP:

  • Receivables Turnover: 1.11
  • GF Value™: zł17.21 vs. price of zł20.70 (20.3% above fair value)
  • GF Score™: 73/100 with 14 warning signs
  • Industry Position: 76.7% below the Construction median (#677 of 1761)

No single metric tells the full story. See the WAR:PJP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PJP Makrum Business Description

Address Plac Koscieleckich 3, Bydgoszcz, POL, 85-033
PJP Makrum SA operates in three areas. The first consists of the production of steel structures for the energy and chemical industries and environmental protection. The second segment focuses on commercial construction (industrial facilities, warehouses, and retail space). The third activity is docking solutions.
73GF Score

Get the complete analysis for WAR:PJP

Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

zł20.70
Price
zł17.21
GF Value