Michman Finance (XTAE:MCMN) Receivables Turnover : 15.23 (As of Dec. 2024)

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What is Michman Finance 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. Michman Finance's Revenue for the three months ended in Dec. 2024 was ₪32.6 Mil. Michman Finance's average Accounts Receivable for the three months ended in Dec. 2024 was ₪2.1 Mil. Hence, Michman Finance's Receivables Turnover for the three months ended in Dec. 2024 was 15.23.

Michman Finance Receivables Turnover Historical Data

The historical data trend for Michman Finance'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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Michman Finance Receivables Turnover Chart

Michman Finance Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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25.41

67.61

87.48

74.38

Michman Finance Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial										17.83	14.33	10.57	11.88	15.23

Competitive Comparison of Michman Finance's Receivables Turnover

For the Credit Services subindustry, Michman Finance'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.

Michman Finance's Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Michman Finance's Receivables Turnover distribution charts can be found below:

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

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Michman Finance Receivables Turnover Calculation

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

Michman Finance'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 )
=	116.994	/ (	(1.573	+	0)	/	1 )
=	116.994	/	1.573
=	74.38

Michman Finance'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 )
=	32.572	/ (	(2.138	+	0)	/	1 )
=	32.572	/	2.138
=	15.23

Michman Finance (XTAE:MCMN) 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.

Michman Finance Receivables Turnover Related Terms

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Michman Finance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Michman Finance Ltd (XTAE:MCMN) » Definitions » Receivables Turnover

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Address

BSR Towers 3, 29th Floor, Bnei Brak, ISR, 5126237

Website

https://www.michman-loans.co.il

Michman Finance Ltd is engaged in providing a variety of loans and non-bank services to businesses. The products of the company comprise Discount checks, Extended license, Import financing, Business Mediation loans, and Extended license, among others.

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