Maanshan Iron And Steel Co (FRA:YM9A) Receivables Turnover

: 16.38 (As of Dec. 2023)

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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. Maanshan Iron And Steel Co's Revenue for the three months ended in Dec. 2023 was €3,213 Mil. Maanshan Iron And Steel Co's average Accounts Receivable for the three months ended in Dec. 2023 was €196 Mil. Hence, Maanshan Iron And Steel Co's Receivables Turnover for the three months ended in Dec. 2023 was 16.38.

Maanshan Iron And Steel Co Receivables Turnover Historical Data

The historical data trend for Maanshan Iron And Steel Co'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.

* Premium members only.

Maanshan Iron And Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

70.85

75.59

111.01

81.30

69.37

Maanshan Iron And Steel Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover																16.35	15.78	16.74	15.53	16.38

Competitive Comparison

For the Steel subindustry, Maanshan Iron And Steel Co'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.

Maanshan Iron And Steel Co Receivables Turnover Distribution

For the Steel industry and Basic Materials sector, Maanshan Iron And Steel Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Maanshan Iron And Steel Co's Receivables Turnover falls into.

Maanshan Iron And Steel Co Receivables Turnover Calculation

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

Maanshan Iron And Steel Co'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 )
=	12706.383	/ (	(186.436	+	179.884)	/	2 )
=	12706.383	/	183.16
=	69.37

Maanshan Iron And Steel Co'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 )
=	3213.39	/ (	(212.356	+	179.884)	/	2 )
=	3213.39	/	196.12
=	16.38

Maanshan Iron And Steel Co (FRA:YM9A) 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.

Maanshan Iron And Steel Co Receivables Turnover Related Terms

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Maanshan Iron And Steel Co (FRA:YM9A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Maanshan Iron And Steel Co Ltd (FRA:YM9A) » Definitions » Receivables Turnover

Traded in Other Exchanges

MAANF:USA 00323:Hong Kong 600808:China

Address

No. 8 Jiu Hua Xi Road, Anhui Province, Maanshan, CHN, 243003

Website

https://www.magang.com.hk

Maanshan Iron And Steel Co Ltd produces and sells iron and steel products. It has two segments. Production and sale of iron and steel products and related by-products, and Financial service. The company's principal product is steel, which is categorized into steel plates, section steel, wire rods, and train wheels. Thin plate products are further categorized into hot and rolled plates, galvanized plates, and coil-coating plates. The products in the wire rod category comprise wire rod materials and hot-rolled reinforced steel used in armored concrete. The Train wheel category includes train wheels and wheel rims.

Maanshan Iron And Steel Co (FRA:YM9A) Headlines

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