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. Maison Solutions's Revenue for the
three
months ended in Jan. 2024 was $13.60 Mil. Maison Solutions's average Accounts Receivable for the
three
months ended in Jan. 2024 was $0.66 Mil.
Hence, Maison Solutions's Receivables Turnover for the
three
months ended in Jan. 2024 was 20.74.
Maison Solutions Receivables Turnover Historical Data
The historical data trend for Maison Solutions'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 Maison Solutions's Receivables Turnover
For the Grocery Stores subindustry, Maison Solutions'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.
Maison Solutions's Receivables Turnover Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Maison Solutions's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Maison Solutions's Receivables Turnover falls into.
Maison Solutions Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Maison Solutions's Receivables Turnover for the fiscal year that ended in Apr. 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.
Maison Solutions (NAS:MSS) 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.
Maison Solutions Receivables Turnover Related Terms
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Maison Solutions (Maison Solutions) Business Description
Maison Solutions Inc is a fast-growing, specialty grocery retailer offering traditional Asian food and merchandise to modern U.S. consumers, in particular to the members of Asian-American communities. It is committed to providing Asian fresh produce, meat, seafood, and other daily necessities in a manner that caters to traditional Asian-American family values and cultural norms, while also accounting for the new and faster-paced lifestyle of younger generations and the diverse communities in which it operates. The company's merchandise includes fresh and unique produce, meats, seafood and other groceries that are not found in mainstream supermarkets, including a variety of Asian vegetables and fruits such as broccoli, bitter melon, winter gourd, Shanghai baby bok choy, longan and lychee.
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