Marston's (LSE:MARS) Receivables Turnover : 20.48 (As of Mar. 2024)

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What is Marston's 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. Marston's's Revenue for the six months ended in Mar. 2024 was £428.1 Mil. Marston's's average Accounts Receivable for the six months ended in Mar. 2024 was £20.9 Mil. Hence, Marston's's Receivables Turnover for the six months ended in Mar. 2024 was 20.48.

Marston's Receivables Turnover Historical Data

The historical data trend for Marston's'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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Marston's Receivables Turnover Chart

Marston's Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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9.43

15.64

58.22

77.63

74.56

Marston's Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															18.30	20.37	20.61	22.98	20.48

Competitive Comparison of Marston's's Receivables Turnover

For the Restaurants subindustry, Marston's'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.

Marston's's Receivables Turnover Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Marston's's Receivables Turnover distribution charts can be found below:

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

Marston's Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	872.3	/ (	(11.2	+	12.2)	/	2 )
=	872.3	/	11.7
=	74.56

Marston's's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	428.1	/ (	(12.2	+	29.6)	/	2 )
=	428.1	/	20.9
=	20.48

Marston's (LSE:MARS) 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.

Marston's Receivables Turnover Related Terms

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Marston's (LSE:MARS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Marston's PLC (LSE:MARS) » Definitions » Receivables Turnover

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MARZF:USA MARSl:UK WVDA:Germany

Address

Brewery Road, Marston's House, Wolverhampton, GBR, WV1 4JT

Website

https://www.marstons.co.uk

Marston's PLC is a beer brewer and pub operator. It operates more than 1,500 pubs across the United Kingdom under brand names including Marston's Two For One, Milestone Rotisserie, Pitcher & Piano, and Revere. It also licenses and franchises more than 500 other taverns, and it has some locations that offer lodging. The company has five breweries that distribute its beer brands for sale to both out-of-home and at-home customers. Its key beer brands include Hobgoblin, Marston's Pedigree, Wainwright, Ringwood, Brakspear, and Banks's. Roughly 20% of the company's revenue comes from the brewing business; the rest comes from its pub businesses. Virtually all revenue is generated in the United Kingdom.

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