MMG (HKSE:01208) Receivables Turnover : 5.48 (As of Dec. 2023)

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What is MMG 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. MMG's Revenue for the six months ended in Dec. 2023 was HK$19,136 Mil. MMG's average Accounts Receivable for the six months ended in Dec. 2023 was HK$3,494 Mil. Hence, MMG's Receivables Turnover for the six months ended in Dec. 2023 was 5.48.

MMG Receivables Turnover Historical Data

The historical data trend for MMG'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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MMG Receivables Turnover Chart

MMG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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11.44

9.92

19.75

23.52

15.34

MMG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															6.40	6.47	6.28	5.06	5.48

Competitive Comparison of MMG's Receivables Turnover

For the Copper subindustry, MMG'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.

MMG's Receivables Turnover Distribution in the Metals & Mining Industry

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

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

MMG Receivables Turnover Calculation

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

MMG'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 )
=	33945.296	/ (	(1655.955	+	2770.917)	/	2 )
=	33945.296	/	2213.436
=	15.34

MMG'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	19136.353	/ (	(4218.071	+	2770.917)	/	2 )
=	19136.353	/	3494.494
=	5.48

MMG (HKSE:01208) 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.

MMG Receivables Turnover Related Terms

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MMG (HKSE:01208) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MMG Ltd (HKSE:01208) » Definitions » Receivables Turnover

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MMLTF:USA OMS1:Germany

Address

79 Chatham Road South, Unit 1208, 12th Floor, China Minmetals Tower, Tsimshatsui, Kowloon, Hong Kong, HKG

Website

https://www.mmg.com

MMG Ltd is engaged in the exploration, development, and mining of zinc, copper, gold, silver, and lead deposits around the world. The group has five reportable operating segments namely Dugald River, Kinsevere, Rosebery, Las Bambas, and others. Las Bambas mine is an open-pit, scalable, long-life copper and molybdenum mining operation; Kinsevere is an open-pit copper mining operation located in the Haut-Katanga Province; Dugald River mine is an underground zinc mining operation located near Cloncurry in North West Queensland; Rosebery is an underground polymetallic base metal mining operation located on Tasmania's west coast; and Other Includes corporate entities in the Group. The majority is from the Las Bambas segment. The key revenue by metal is derived from Copper.

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