Magellan Aerospace (TSX:MAL) Receivables Turnover : 1.17 (As of Dec. 2023)

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What is Magellan Aerospace 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. Magellan Aerospace's Revenue for the three months ended in Dec. 2023 was C$223.6 Mil. Magellan Aerospace's average Accounts Receivable for the three months ended in Dec. 2023 was C$191.9 Mil. Hence, Magellan Aerospace's Receivables Turnover for the three months ended in Dec. 2023 was 1.17.

Magellan Aerospace Receivables Turnover Historical Data

The historical data trend for Magellan Aerospace'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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Magellan Aerospace Receivables Turnover Chart

Magellan Aerospace Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.45

5.98

5.71

5.54

5.53

Magellan Aerospace 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															1.16	1.33	1.09	1.05	1.17

Competitive Comparison of Magellan Aerospace's Receivables Turnover

For the Aerospace & Defense subindustry, Magellan Aerospace'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.

Magellan Aerospace's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Magellan Aerospace's Receivables Turnover distribution charts can be found below:

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

Magellan Aerospace Receivables Turnover Calculation

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

Magellan Aerospace'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 )
=	879.617	/ (	(135.601	+	182.547)	/	2 )
=	879.617	/	159.074
=	5.53

Magellan Aerospace'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 )
=	223.581	/ (	(201.199	+	182.547)	/	2 )
=	223.581	/	191.873
=	1.17

Magellan Aerospace (TSX:MAL) 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.

Magellan Aerospace Receivables Turnover Related Terms

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Magellan Aerospace (TSX:MAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Magellan Aerospace Corp (TSX:MAL) » Definitions » Receivables Turnover

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MALJF:USA 4M7A:Germany

Address

3160 Derry Road East, Mississauga, ON, CAN, L4T 1A9

Website

https://www.magellan.aero

Magellan Aerospace Corp supplies components to the aerospace industry. It has two major product groups: aerostructures and aeroengines. Its engines and parts may be applied to new aircraft, or as replacement parts to existing platforms. The company also provides aftermarket support by conducting specific repairs and other maintenance services. It serves both commercial (approximately three-fourths of total sales) and defense markets. Additionally, parts and equipment may be provided for power generation projects, but sales do not constitute a material amount. The three geographic regions to which Magellan primarily sells are Canada, the United States, and Europe.

Magellan Aerospace (TSX:MAL) Headlines

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