Megaport (Megaport) Receivables Turnover : 5.02 (As of Dec. 2023)

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What is Megaport 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. Megaport's Revenue for the six months ended in Dec. 2023 was $63.7 Mil. Megaport's average Accounts Receivable for the six months ended in Dec. 2023 was $12.7 Mil. Hence, Megaport's Receivables Turnover for the six months ended in Dec. 2023 was 5.02.

Megaport Receivables Turnover Historical Data

The historical data trend for Megaport'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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Megaport Receivables Turnover Chart

Megaport Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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7.80

7.99

10.84

12.65

10.63

Megaport Semi-Annual Data
	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												5.40	5.24	4.61	4.42	5.02

Competitive Comparison of Megaport's Receivables Turnover

For the Software - Infrastructure subindustry, Megaport'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.

Megaport's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Megaport's Receivables Turnover distribution charts can be found below:

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

Megaport Receivables Turnover Calculation

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

Megaport's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	102.74	/ (	(7.169	+	12.16)	/	2 )
=	102.74	/	9.6645
=	10.63

Megaport'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 )
=	63.665	/ (	(12.16	+	13.188)	/	2 )
=	63.665	/	12.674
=	5.02

Megaport (OTCPK:MGPPF) 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.

Megaport Receivables Turnover Related Terms

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Megaport (Megaport) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Megaport Ltd (OTCPK:MGPPF) » Definitions » Receivables Turnover

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MP1:Australia

Address

825 Ann Street, Level 3, Fortitude Valley, Brisbane, QLD, AUS, 4006

Website

https://www.megaport.com

Megaport is one of the world's largest software-defined network service providers, enabling over 2,800 enterprise customers to connect to over 800 data centers in over 150 cities throughout the world. Megaport's services mostly revolve around enabling enterprises to connect to cloud service providers, like Amazon Web Services, but it also offers services to enable businesses to connect across multiple data centers and to internet exchanges.