A. P. Moller Maersk A/S (A. P. Moller Maersk A/S) Receivables Turnover : 1.80 (As of Dec. 2023)

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What is A. P. Moller Maersk A/S 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. A. P. Moller Maersk A/S's Revenue for the three months ended in Dec. 2023 was $11,741 Mil. A. P. Moller Maersk A/S's average Accounts Receivable for the three months ended in Dec. 2023 was $6,528 Mil. Hence, A. P. Moller Maersk A/S's Receivables Turnover for the three months ended in Dec. 2023 was 1.80.

A. P. Moller Maersk A/S Receivables Turnover Historical Data

The historical data trend for A. P. Moller Maersk A/S'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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A. P. Moller Maersk A/S Receivables Turnover Chart

A. P. Moller Maersk A/S Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.59

11.09

13.67

13.18

8.62

A. P. Moller Maersk A/S Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.01	1.09	0.67	0.87	1.80

Competitive Comparison of A. P. Moller Maersk A/S's Receivables Turnover

For the Marine Shipping subindustry, A. P. Moller Maersk A/S'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.

A. P. Moller Maersk A/S's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, A. P. Moller Maersk A/S's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where A. P. Moller Maersk A/S's Receivables Turnover falls into.

A. P. Moller Maersk A/S Receivables Turnover Calculation

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

A. P. Moller Maersk A/S's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	51065	/ (	(6971	+	4881)	/	2 )
=	51065	/	5926
=	8.62

A. P. Moller Maersk A/S's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	11741	/ (	(8175	+	4881)	/	2 )
=	11741	/	6528
=	1.80

A. P. Moller Maersk A/S (OTCPK:AMKBF) 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.

A. P. Moller Maersk A/S Receivables Turnover Related Terms

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A. P. Moller Maersk A/S (A. P. Moller Maersk A/S) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » A. P. Moller Maersk A/S (OTCPK:AMKBF) » Definitions » Receivables Turnover

Traded in Other Exchanges

AMKBY:USA AMKAF:USA MAERBc:UK MAERAc:UK 0O77:UK 0O76:UK MAERSK B:Denmark MAERSK A:Denmark DP4H:Germany MRSA:Austria

Address

Esplanaden 50, Copenhagen, DNK, DK-1098

Website

https://www.maersk.com

A.P. Moller-Maersk is a Denmark-listed global conglomerate involved in global trade, shipping, and energy. Maersk Line, the largest contributor to group revenue and earnings, has been the largest container shipping company globally for more than 20 years. Maersk was founded in 1904 and has since been run by the Moller-Maersk family, which currently holds slightly more than 50% of the share capital. The group has been active over the past few years in divesting noncore operations, such as its long-standing stakes in Danske Bank and Dansk Supermarked as well as its oil and gas operations.

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