Mitchells & Butlers (LSE:MAB) Receivables Turnover : 23.28 (As of Sep. 2023)

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What is Mitchells & Butlers 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. Mitchells & Butlers's Revenue for the six months ended in Sep. 2023 was £1,222 Mil. Mitchells & Butlers's average Accounts Receivable for the six months ended in Sep. 2023 was £53 Mil. Hence, Mitchells & Butlers's Receivables Turnover for the six months ended in Sep. 2023 was 23.28.

Mitchells & Butlers Receivables Turnover Historical Data

The historical data trend for Mitchells & Butlers'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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Mitchells & Butlers Receivables Turnover Chart

Mitchells & Butlers Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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319.57

245.83

152.14

200.45

166.87

Mitchells & Butlers Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															22.56	34.45	29.61	25.37	23.28

Competitive Comparison of Mitchells & Butlers's Receivables Turnover

For the Restaurants subindustry, Mitchells & Butlers'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.

Mitchells & Butlers's Receivables Turnover Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Mitchells & Butlers's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mitchells & Butlers's Receivables Turnover falls into.

Mitchells & Butlers Receivables Turnover Calculation

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

Mitchells & Butlers's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	2503	/ (	(13	+	17)	/	2 )
=	2503	/	15
=	166.87

Mitchells & Butlers's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	1222	/ (	(88	+	17)	/	2 )
=	1222	/	52.5
=	23.28

Mitchells & Butlers (LSE:MAB) 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.

Mitchells & Butlers Receivables Turnover Related Terms

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Mitchells & Butlers (LSE:MAB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Mitchells & Butlers PLC (LSE:MAB) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

MABl:UK MABB:Germany

Address

27 Fleet Street, Birmingham, GBR, B3 1JP

Website

https://www.mbplc.com

Mitchells & Butlers PLC operates more than 1,500 restaurants and pubs, predominantly in the United Kingdom. Total revenue is split roughly evenly between food sales and beverage sales. The company's brands include All Bar One, Alex, Harvester, Toby Carvery, Browns, Vintage Inns, Castle, Sizzling Pubs, and Miller & Carter. Nearly a quarter of Mitchells & Butlers' total sales are generated in London, and its only locations outside the United Kingdom are in Germany.