ME Group International (ME Group International) Receivables Turnover : 11.65 (As of Oct. 2023)

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What is ME Group International 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. ME Group International's Revenue for the six months ended in Oct. 2023 was $187.4 Mil. ME Group International's average Accounts Receivable for the six months ended in Oct. 2023 was $16.1 Mil. Hence, ME Group International's Receivables Turnover for the six months ended in Oct. 2023 was 11.65.

ME Group International Receivables Turnover Historical Data

The historical data trend for ME Group International'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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ME Group International Receivables Turnover Chart

ME Group International Annual Data

Trend

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Oct21

Oct22

Oct23

Receivables Turnover

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21.69

20.57

21.98

29.50

55.85

ME Group International Semi-Annual Data
	Apr13	Oct13	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Receivables Turnover	Get a 7-Day Free Trial															7.89	7.82	10.40	11.01	11.65

Competitive Comparison of ME Group International's Receivables Turnover

For the Business Equipment & Supplies subindustry, ME Group International'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.

ME Group International's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ME Group International's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where ME Group International's Receivables Turnover falls into.

ME Group International Receivables Turnover Calculation

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

ME Group International's Receivables Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Receivables Turnover (A: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Oct. 2023 )	/ (	(Accounts Receivable (A: Oct. 2022 )	+	Accounts Receivable (A: Oct. 2023 ))	/	count )
=	362.56	/ (	(6.664	+	6.319)	/	2 )
=	362.56	/	6.4915
=	55.85

ME Group International's Receivables Turnover for the quarter that ended in Oct. 2023 is calculated as

	Receivables Turnover (Q: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Oct. 2023 )	/ (	(Accounts Receivable (Q: Apr. 2023 )	+	Accounts Receivable (Q: Oct. 2023 ))	/	count )
=	187.381	/ (	(25.862	+	6.319)	/	2 )
=	187.381	/	16.0905
=	11.65

ME Group International (OTCPK:POMOF) 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.

ME Group International Receivables Turnover Related Terms

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ME Group International (ME Group International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ME Group International PLC (OTCPK:POMOF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

MEGPl:UK PHTM.GB:UK MEGP:UK PHQ:Germany

Address

Blenheim Road, Unit 3B, Epsom, London, Surrey, GBR, KT19 9AP

Website

https://www.me-group.com

ME Group International PLC operates, sells and services a wide range of instant-service vending equipment, aimed at the consumer market. The group operates vending units across 20 countries and its technological innovation is focused on four principal areas namely Photobooths and integrated biometric identification solutions; Unattended laundry services and launderettes; High-quality digital printigg kiosks and Vending equipment for the food service market. Geographically, the company operates in UK & Republic of Ireland, Asia Pacific and Continental Europe, which is the majority revenue generator.

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