MMP Industries (NSE:MMP) Receivables Turnover : 2.83 (As of Dec. 2023)

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What is MMP 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. MMP Industries's Revenue for the three months ended in Dec. 2023 was ₹1,409 Mil. MMP Industries's average Accounts Receivable for the three months ended in Dec. 2023 was ₹498 Mil. Hence, MMP Industries's Receivables Turnover for the three months ended in Dec. 2023 was 2.83.

MMP Industries Receivables Turnover Historical Data

The historical data trend for MMP 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.

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MMP Industries Receivables Turnover Chart

MMP Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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6.06

6.01

9.87

11.16

MMP Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.97	3.21	3.40	2.53	2.83

Competitive Comparison of MMP Industries's Receivables Turnover

For the Aluminum subindustry, MMP 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.

MMP Industries's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, MMP Industries's Receivables Turnover distribution charts can be found below:

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

MMP Industries Receivables Turnover Calculation

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

MMP Industries's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	5379.355	/ (	(517.944	+	445.701)	/	2 )
=	5379.355	/	481.8225
=	11.16

MMP Industries'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1408.737	/ (	(497.629	+	0)	/	1 )
=	1408.737	/	497.629
=	2.83

MMP Industries (NSE:MMP) 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.

MMP Industries Receivables Turnover Related Terms

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MMP Industries (NSE:MMP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MMP Industries Ltd (NSE:MMP) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

B-24, Hingna Road, MIDC Area, Hingna Industrial Estate, Hingna, Nagpur, MH, IND, 440016

Website

https://www.mmpil.com

MMP Industries Ltd is an Indian company engaged in manufacturing aluminum powders, aluminum pastes, and aluminum conductors. The products of the company are used in the construction industry. Its segments are Aluminium Powder and Paste; Aluminium Foil, Aluminium Conductor and Others. The business is spread across Europe, the Middle East, Africa and the Asia Pacific. The company generates the majority of its revenue from the Aluminium Powder and Paste segment.