Midway (ASX:MWY) Receivables Turnover : 4.97 (As of Dec. 2023)

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What is Midway 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. Midway's Revenue for the six months ended in Dec. 2023 was A$115.7 Mil. Midway's average Accounts Receivable for the six months ended in Dec. 2023 was A$23.3 Mil. Hence, Midway's Receivables Turnover for the six months ended in Dec. 2023 was 4.97.

Midway Receivables Turnover Historical Data

The historical data trend for Midway'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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Midway Receivables Turnover Chart

Midway Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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14.57

21.26

42.08

36.53

175.38

Midway Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial										8.11	15.53	5.71	4.30	4.97

Competitive Comparison of Midway's Receivables Turnover

For the Lumber & Wood Production subindustry, Midway'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.

Midway's Receivables Turnover Distribution in the Forest Products Industry

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

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

Midway Receivables Turnover Calculation

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

Midway's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	188.178	/ (	(1.118	+	1.028)	/	2 )
=	188.178	/	1.073
=	175.38

Midway'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 )
=	115.737	/ (	(1.028	+	45.584)	/	2 )
=	115.737	/	23.306
=	4.97

Midway (ASX:MWY) 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.

Midway Receivables Turnover Related Terms

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Midway (ASX:MWY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Midway Ltd (ASX:MWY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 The Esplanade, North Shore, VIC, AUS, 3214

Website

https://www.midwaylimited.com.au

Midway Ltd is engaged in the production and export of wood fiber to producers of pulp, paper, and associated products in Japan and China. The company derives income from producing hardwood and softwood woodchips. Its segments include Woodfibre Processing, Forestry Logistics, Plantation Management, and Ancillary. It generates the majority of revenue from Woodfibre Processing.

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