Mongolia Growth Group (TSXV:YAK) Receivables Turnover

: 1.81 (As of Sep. 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. Mongolia Growth Group's Revenue for the three months ended in Sep. 2023 was C$0.86 Mil. Mongolia Growth Group's average Accounts Receivable for the three months ended in Sep. 2023 was C$0.47 Mil. Hence, Mongolia Growth Group's Receivables Turnover for the three months ended in Sep. 2023 was 1.81.

Mongolia Growth Group Receivables Turnover Historical Data

The historical data trend for Mongolia Growth Group'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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Mongolia Growth Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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16.73

1.61

1.26

21.54

174.53

Mongolia Growth Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															1.14	-837.00	42.72	2.52	1.81

Competitive Comparison

For the Real Estate Services subindustry, Mongolia Growth Group'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.

Mongolia Growth Group Receivables Turnover Distribution

For the Real Estate industry and Real Estate sector, Mongolia Growth Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mongolia Growth Group's Receivables Turnover falls into.

Mongolia Growth Group Receivables Turnover Calculation

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

Mongolia Growth Group's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	3.927	/ (	(0.03	+	0.015)	/	2 )
=	3.927	/	0.0225
=	174.53

Mongolia Growth Group's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	0.857	/ (	(0.799	+	0.148)	/	2 )
=	0.857	/	0.4735
=	1.81

Mongolia Growth Group (TSXV:YAK) 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.

Mongolia Growth Group Receivables Turnover Related Terms

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Mongolia Growth Group (TSXV:YAK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mongolia Growth Group Ltd (TSXV:YAK) » Definitions » Receivables Turnover

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MNGGF:USA

Address

100 King Street West, 56th Floor Suite 5600, First Canadian Place, Toronto, ON, CAN, M5X 1C9

Website

https://www.mongoliagrowthgroup.com

Mongolia Growth Group Ltd is a real estate investment and development company. It owns commercial investment property assets in Ulaanbaatar, Mongolia. The company operates through three segments: investment property operations, subscription products, and corporate. The Investment Property operations consist of commercial and residential investment property in Mongolia held for the purposes of rental revenue, capital appreciation, or redevelopment.

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