Meshulam Levinstein Contracting & Engineering (XTAE:LEVI) Receivables Turnover : 2.67 (As of Dec. 2024)

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What is Meshulam Levinstein Contracting & Engineering 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. Meshulam Levinstein Contracting & Engineering's Revenue for the three months ended in Dec. 2024 was ₪153.7 Mil. Meshulam Levinstein Contracting & Engineering's average Accounts Receivable for the three months ended in Dec. 2024 was ₪57.5 Mil. Hence, Meshulam Levinstein Contracting & Engineering's Receivables Turnover for the three months ended in Dec. 2024 was 2.67.

Meshulam Levinstein Contracting & Engineering Receivables Turnover Historical Data

The historical data trend for Meshulam Levinstein Contracting & Engineering'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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Meshulam Levinstein Contracting & Engineering Receivables Turnover Chart

Meshulam Levinstein Contracting & Engineering Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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7.90

8.94

18.83

17.02

13.63

Meshulam Levinstein Contracting & Engineering 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															4.45	4.70	3.71	3.66	2.67

Competitive Comparison of Meshulam Levinstein Contracting & Engineering's Receivables Turnover

For the Engineering & Construction subindustry, Meshulam Levinstein Contracting & Engineering'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.

Meshulam Levinstein Contracting & Engineering's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Meshulam Levinstein Contracting & Engineering's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Meshulam Levinstein Contracting & Engineering's Receivables Turnover falls into.

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Meshulam Levinstein Contracting & Engineering Receivables Turnover Calculation

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

Meshulam Levinstein Contracting & Engineering'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 )
=	630.912	/ (	(34.927	+	57.638)	/	2 )
=	630.912	/	46.2825
=	13.63

Meshulam Levinstein Contracting & Engineering'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 )
=	153.685	/ (	(57.447	+	57.638)	/	2 )
=	153.685	/	57.5425
=	2.67

Meshulam Levinstein Contracting & Engineering (XTAE:LEVI) 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.

Meshulam Levinstein Contracting & Engineering Receivables Turnover Related Terms

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Meshulam Levinstein Contracting & Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Meshulam Levinstein Contracting & Engineering Ltd (XTAE:LEVI) » Definitions » Receivables Turnover

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N/A

Address

23 Menachem Begin Road, Tel Aviv, ISR

Website

http://www.levinstein.co.il

Meshulam Levinstein Contracting & Engineering Ltd is an Israel-based company. It is engaged in the engineering, construction, and real estate businesses. The company constructs and develops office buildings, public buildings, and buildings for the hi-tech industry, housing units, apartment buildings, and residential neighborhoods, and shopping centers and commercial buildings. It also focuses on infrastructure work, bridge building, and construction contracting activities.