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. Marsh & McLennan's Revenue for the
three
months ended in Mar. 2024 was $6,473 Mil. Marsh & McLennan's average Accounts Receivable for the
three
months ended in Mar. 2024 was $6,158 Mil.
Hence, Marsh & McLennan's Receivables Turnover for the
three
months ended in Mar. 2024 was 1.05.
Marsh & McLennan Receivables Turnover Historical Data
The historical data trend for Marsh & McLennan'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.
Competitive Comparison of Marsh & McLennan's Receivables Turnover
For the Insurance Brokers subindustry, Marsh & McLennan'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.
Marsh & McLennan's Receivables Turnover Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Marsh & McLennan's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Marsh & McLennan's Receivables Turnover falls into.
Marsh & McLennan Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Marsh & McLennan's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
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.
Marsh & McLennan Receivables Turnover Related Terms
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Marsh & McLennan (Marsh & McLennan) Business Description
Marsh McLennan is a professional services firm that provides advice and solutions in the areas of risk, strategy, and human capital. The company operates through two main segments: risk and insurance services and consulting. In risk and insurance services, the firm offers services via Marsh (an insurance broker) and Guy Carpenter (a risk and reinsurance specialist). The consulting division comprises Mercer (a provider of human resource services) and Oliver Wyman (a management and economic consultancy). About half of its revenue is generated outside the U.S.
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