Meikles (LSE:MIK) Receivables Turnover : 254.87 (As of Aug. 2023)

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What is Meikles 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. Meikles's Revenue for the six months ended in Aug. 2023 was $2,701 Mil. Meikles's average Accounts Receivable for the six months ended in Aug. 2023 was $11 Mil. Hence, Meikles's Receivables Turnover for the six months ended in Aug. 2023 was 254.87.

Meikles Receivables Turnover Historical Data

The historical data trend for Meikles'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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Meikles Receivables Turnover Chart

Meikles Annual Data

Trend

Dec08

Dec09

Mar11

Mar12

Mar19

Mar20

Mar21

Receivables Turnover

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33.42

31.12

3.47

127.16

301.09

Meikles Semi-Annual Data
	Dec09	Mar11	Mar12	Sep12	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Aug23
Receivables Turnover	Get a 7-Day Free Trial									31.75	84.12	124.93	62.71	254.87

Competitive Comparison of Meikles's Receivables Turnover

For the Department Stores subindustry, Meikles'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.

Meikles's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Meikles's Receivables Turnover distribution charts can be found below:

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

Meikles Receivables Turnover Calculation

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

Meikles's Receivables Turnover for the fiscal year that ended in Mar. 2021 is calculated as

	Receivables Turnover (A: Mar. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2021 )	/ (	(Accounts Receivable (A: Mar. 2020 )	+	Accounts Receivable (A: Mar. 2021 ))	/	count )
=	152.504	/ (	(0.992	+	0.021)	/	2 )
=	152.504	/	0.5065
=	301.09

Meikles's Receivables Turnover for the quarter that ended in Aug. 2023 is calculated as

	Receivables Turnover (Q: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Aug. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2022 )	+	Accounts Receivable (Q: Aug. 2023 ))	/	count )
=	2701.37	/ (	(12.647	+	8.551)	/	2 )
=	2701.37	/	10.599
=	254.87

Meikles (LSE:MIK) 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.

Meikles Receivables Turnover Related Terms

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Meikles (LSE:MIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meikles Ltd (LSE:MIK) » Definitions » Receivables Turnover

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MEIK.ZW:Zimbabwe

Address

4 Steppes Road, Highlands, Harare, ZWE

Website

https://www.meiklesltd.com

Meikles Ltd is a Zimbabwe-based investment holding company. Its business segments include Supermarkets, Hotels, properties, and security guard operations. It is organized into two geographical segments, Zimbabwe, and non-Zimbabwe. The majority of its revenue is generated from the Supermarkets segment within Zimbabwe.