Mondi (LSE:MNDI) Receivables Turnover : 2.96 (As of Dec. 2023)

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What is Mondi 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. Mondi's Revenue for the six months ended in Dec. 2023 was £2,971 Mil. Mondi's average Accounts Receivable for the six months ended in Dec. 2023 was £1,004 Mil. Hence, Mondi's Receivables Turnover for the six months ended in Dec. 2023 was 2.96.

Mondi Receivables Turnover Historical Data

The historical data trend for Mondi'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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Mondi Receivables Turnover Chart

Mondi Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.26

7.77

6.81

7.60

6.65

Mondi Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.98	3.36	3.19	2.98	2.96

Competitive Comparison of Mondi's Receivables Turnover

For the Paper & Paper Products subindustry, Mondi'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.

Mondi's Receivables Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Mondi's Receivables Turnover distribution charts can be found below:

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

Mondi Receivables Turnover Calculation

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

Mondi'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 )
=	6314.831	/ (	(1064.517	+	835.66)	/	2 )
=	6314.831	/	950.0885
=	6.65

Mondi'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	2971.33	/ (	(1172.984	+	835.66)	/	2 )
=	2971.33	/	1004.322
=	2.96

Mondi (LSE:MNDI) 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.

Mondi Receivables Turnover Related Terms

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Mondi (LSE:MNDI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Mondi PLC (LSE:MNDI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

MNP:South Africa MONDY:USA MONDF:USA MNDIl:UK KYC:Germany

Address

The Heights, Brooklands, Ground Floor, Building 5, Weybridge, Surrey, GBR, KT13 0NY

Website

https://www.mondigroup.com

Mondi PLC makes and sells packaging and paper products. The company's segment includes Corrugated Packaging; Flexible Packaging and Uncoated Fine Paper. It generates maximum revenue from the Flexible Packaging segment. Flexible Packaging segment includes Kraft paper; Paper bags; Consumer flexibles; Functional paper and films and Pulp. The majority of revenue comes from Europe.

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