Movement Industries (Movement Industries) Receivables Turnover : 1.44 (As of Jun. 2023)

View and export this data going back to . Start your Free Trial

What is Movement Industries 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. Movement Industries's Revenue for the six months ended in Jun. 2023 was $0.87 Mil. Movement Industries's average Accounts Receivable for the six months ended in Jun. 2023 was $0.60 Mil. Hence, Movement Industries's Receivables Turnover for the six months ended in Jun. 2023 was 1.44.

Movement Industries Receivables Turnover Historical Data

The historical data trend for Movement Industries'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.

* Premium members only.

Movement Industries Receivables Turnover Chart

Movement Industries Annual Data

Trend

Jun22

Jun23

Receivables Turnover

1.83

1.44

Movement Industries Semi-Annual Data
	Jun22	Jun23
Receivables Turnover	1.83	1.44

Competitive Comparison of Movement Industries's Receivables Turnover

For the Asset Management subindustry, Movement Industries'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.

Movement Industries's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Movement Industries's Receivables Turnover distribution charts can be found below:

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

Movement Industries Receivables Turnover Calculation

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

Movement Industries'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 )
=	0.868	/ (	(0.572	+	0.635)	/	2 )
=	0.868	/	0.6035
=	1.44

Movement Industries's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	0.868	/ (	(0.572	+	0.635)	/	2 )
=	0.868	/	0.6035
=	1.44

Movement Industries (OTCPK:MVNT) 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.

Movement Industries Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Movement Industries's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Movement Industries (Movement Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Movement Industries Corp (OTCPK:MVNT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

6829 Flintlock Road, Houston, TX, USA, 77040

Website

https://www.mvmnt.in

Movement Industries Corp is engaged in investments in emerging growth companies in the energy, oil and gas, and industrial manufacturing sectors. The company also offers its services to utilities, technology, agriculture, and medical industries. It provides valves, actuators, pumps, tanks, and wellhead control panels, CNC Machining, Waterjet, Plasma, Laser Cutting, Welding and Fabrication, control systems, and communication systems among its many products and services. The company operates in North America, South America and is expanding globally with new ventures into Africa and market studies into the European and Asian markets.