Mega African Capital (XGHA:MAC) Receivables Turnover : 1.16 (As of Dec. 2022)

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What is Mega African Capital 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. Mega African Capital's Revenue for the six months ended in Dec. 2022 was GHS0.57 Mil. Mega African Capital's average Accounts Receivable for the six months ended in Dec. 2022 was GHS0.49 Mil. Hence, Mega African Capital's Receivables Turnover for the six months ended in Dec. 2022 was 1.16.

Mega African Capital Receivables Turnover Historical Data

The historical data trend for Mega African Capital'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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Mega African Capital Receivables Turnover Chart

Mega African Capital Annual Data

Trend

Dec20

Dec21

Dec22

Receivables Turnover

0.33

1.16

Mega African Capital Semi-Annual Data
	Dec20	Dec21	Dec22
Receivables Turnover	-	0.33	1.16

Competitive Comparison of Mega African Capital's Receivables Turnover

For the Asset Management subindustry, Mega African Capital'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.

Mega African Capital's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Mega African Capital's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mega African Capital's Receivables Turnover falls into.

Mega African Capital Receivables Turnover Calculation

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

Mega African Capital's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	0.565	/ (	(0.758	+	0.214)	/	2 )
=	0.565	/	0.486
=	1.16

Mega African Capital's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Dec. 2021 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	0.565	/ (	(0.758	+	0.214)	/	2 )
=	0.565	/	0.486
=	1.16

Mega African Capital (XGHA:MAC) 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.

Mega African Capital Receivables Turnover Related Terms

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Mega African Capital (XGHA:MAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mega African Capital Ltd (XGHA:MAC) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Sunyani Avenue, The Alberts, 2nd Floor, No. 23 Kanda Estates, Kanda, Accra, GHA

Website

http://www.megafricancapital.com

Mega African Capital Ltd is an investment company. The company's objective is to seek exposure to the potential to generate high real returns. The company invests across three business lines namely, equity unlisted equity and real estate projects. The Company is authorized to undertake the Development, Purchase, Sales and Rental of Real Estates; Investment In Equities; Fixed Income Investments; and Any other Financial Services.