McRae Industries (McRae Industries) Receivables Turnover : 5.43 (As of Jul. 2023)

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What is McRae Industries 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. McRae Industries's Revenue for the six months ended in Jul. 2023 was $124.7 Mil. McRae Industries's average Accounts Receivable for the six months ended in Jul. 2023 was $23.0 Mil. Hence, McRae Industries's Receivables Turnover for the six months ended in Jul. 2023 was 5.43.

McRae Industries Receivables Turnover Historical Data

The historical data trend for McRae Industries'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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McRae Industries Receivables Turnover Chart

McRae Industries Annual Data

Trend

Jul99

Jul00

Jul01

Jul02

Jul03

Jul04

Jul05

Jul21

Jul22

Jul23

Receivables Turnover

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7.28

5.94

8.43

4.78

5.43

McRae Industries Semi-Annual Data
	Jul89	Jul90	Jul91	Jul92	Jul93	Jul94	Jul95	Jul96	Jul97	Jul98	Jul99	Jul00	Jul01	Jul02	Jul03	Jul04	Jul05	Jul21	Jul22	Jul23
Receivables Turnover	Get a 7-Day Free Trial															7.28	5.94	8.43	4.78	5.43

Competitive Comparison of McRae Industries's Receivables Turnover

For the Footwear & Accessories subindustry, McRae Industries'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.

McRae Industries's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, McRae Industries's Receivables Turnover distribution charts can be found below:

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

McRae Industries Receivables Turnover Calculation

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

McRae Industries's Receivables Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Receivables Turnover (A: Jul. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2023 )	/ (	(Accounts Receivable (A: Jul. 2022 )	+	Accounts Receivable (A: Jul. 2023 ))	/	count )
=	124.702	/ (	(26.092	+	19.88)	/	2 )
=	124.702	/	22.986
=	5.43

McRae Industries's Receivables Turnover for the quarter that ended in Jul. 2023 is calculated as

	Receivables Turnover (Q: Jul. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jul. 2023 )	/ (	(Accounts Receivable (Q: Jul. 2022 )	+	Accounts Receivable (Q: Jul. 2023 ))	/	count )
=	124.702	/ (	(26.092	+	19.88)	/	2 )
=	124.702	/	22.986
=	5.43

McRae Industries (OTCPK:MCRAA) 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.

McRae Industries Receivables Turnover Related Terms

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McRae Industries (McRae Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » McRae Industries Inc (OTCPK:MCRAA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

MCRAB:USA

Address

400 North Main Street, P.O. Box 1239, Mount Gilead, NC, USA, 27306

Website

http://www.mcraeindustries.com

McRae Industries Inc operates in the footwear industry. Its principal lines of business are manufacturing and selling military combat boots and importing and selling western and work boots. It operates through the Western and Lifestyle Segments. The Western and Lifestyle segment, which is the key revenue driver, includes western, ladies fashion, and children's footwear products under the Dan Post, Dingo, and Laredo Western Boots brand names.