Masterflex SE (XTER:MZX) Receivables Turnover : 2.35 (As of Mar. 2024)

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What is Masterflex SE 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. Masterflex SE's Revenue for the three months ended in Mar. 2024 was €26.21 Mil. Masterflex SE's average Accounts Receivable for the three months ended in Mar. 2024 was €11.18 Mil. Hence, Masterflex SE's Receivables Turnover for the three months ended in Mar. 2024 was 2.35.

Masterflex SE Receivables Turnover Historical Data

The historical data trend for Masterflex SE'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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Masterflex SE Receivables Turnover Chart

Masterflex SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.77

11.13

12.62

12.74

10.84

Masterflex SE Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.68	2.09	2.17	2.02	2.35

Competitive Comparison of Masterflex SE's Receivables Turnover

For the Specialty Chemicals subindustry, Masterflex SE'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.

Masterflex SE's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Masterflex SE's Receivables Turnover distribution charts can be found below:

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

Masterflex SE Receivables Turnover Calculation

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

Masterflex SE's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	101.115	/ (	(8.767	+	9.886)	/	2 )
=	101.115	/	9.3265
=	10.84

Masterflex SE'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: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	26.207	/ (	(9.886	+	12.465)	/	2 )
=	26.207	/	11.1755
=	2.35

Masterflex SE (XTER:MZX) 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.

Masterflex SE Receivables Turnover Related Terms

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Masterflex SE (XTER:MZX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Masterflex SE (XTER:MZX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

MZX:Germany

Address

Willy-Brandt-Allee 300, Gelsenkirchen, DEU, 45891

Website

https://www.masterflexgroup.com

Masterflex SE develops, manufactures and marketing of high-tech hoses and connection systems for various industrial and manufacturing applications. The company sells its products under six brands. Masterflex brand produces spiral hoses and connection systems for all industrial applications. Matzen and Timm specialize in vulcanized shapes and hoses for the aerospace sector and the automotive industry. Novoplast offers pre-formed tubes and technical tubings for medical and industrial uses. Fleima-Plastic offers injection molded parts and components for medical technology. Masterduct provides spiral hoses and connection systems as well as heating, ventilation and air conditioning elements. APT produces hoses of fluoropolymers with permanent resistance to all chemicals.

Executives

Jan Van Der Zouw

Supervisory Board

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