Montauk Renewables (JSE:MKR) Receivables Turnover : 3.55 (As of Mar. 2024)

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What is Montauk Renewables 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. Montauk Renewables's Revenue for the three months ended in Mar. 2024 was R731 Mil. Montauk Renewables's average Accounts Receivable for the three months ended in Mar. 2024 was R206 Mil. Hence, Montauk Renewables's Receivables Turnover for the three months ended in Mar. 2024 was 3.55.

Montauk Renewables Receivables Turnover Historical Data

The historical data trend for Montauk Renewables'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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Montauk Renewables Receivables Turnover Chart

Montauk Renewables Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.18

13.56

20.85

26.21

18.23

Montauk Renewables Quarterly Data
	Dec18	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															2.95	5.68	3.65	3.03	3.55

Competitive Comparison of Montauk Renewables's Receivables Turnover

For the Utilities - Diversified subindustry, Montauk Renewables'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.

Montauk Renewables's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Montauk Renewables's Receivables Turnover distribution charts can be found below:

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

Montauk Renewables Receivables Turnover Calculation

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

Montauk Renewables'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 )
=	3258.951	/ (	(123.517	+	233.972)	/	2 )
=	3258.951	/	178.7445
=	18.23

Montauk Renewables'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 )
=	731.05	/ (	(233.972	+	177.754)	/	2 )
=	731.05	/	205.863
=	3.55

Montauk Renewables (JSE:MKR) 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.

Montauk Renewables Receivables Turnover Related Terms

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Montauk Renewables (JSE:MKR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Montauk Renewables Inc (JSE:MKR) » Definitions » Receivables Turnover

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MNTK:USA

Address

5313 Campbells Run Road, Suite 200, Pittsburgh, PA, USA, 15205

Website

https://ir.montaukrenewables.com

Montauk Renewables Inc is a United States-based renewable energy company. It specializes in the recovery and processing of biogas from landfills and other non-fossil fuel sources for beneficial use as a replacement for fossil fuels. The firm develops, owns, and operates RNG projects that supply renewable fuel into the transportation and electrical power sectors. Montauk operates in three segments: Renewable Natural Gas, Renewable Electricity Generation and Corporate. It generates a majority of its revenue from the Renewable Natural Gas segment.

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