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Mordovia Energy Retail Company PJSC (MIC:MRSB) Receivables Turnover : 2.35 (As of Sep. 2023)


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What is Mordovia Energy Retail Company PJSC 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. Mordovia Energy Retail Company PJSC's Revenue for the three months ended in Sep. 2023 was ₽1,747 Mil. Mordovia Energy Retail Company PJSC's average Accounts Receivable for the three months ended in Sep. 2023 was ₽744 Mil. Hence, Mordovia Energy Retail Company PJSC's Receivables Turnover for the three months ended in Sep. 2023 was 2.35.


Mordovia Energy Retail Company PJSC Receivables Turnover Historical Data

The historical data trend for Mordovia Energy Retail Company PJSC'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.

* Premium members only.

Mordovia Energy Retail Company PJSC Receivables Turnover Chart

Mordovia Energy Retail Company PJSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.85 7.55 9.03 11.63 11.55

Mordovia Energy Retail Company PJSC Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.88 2.52 2.77 2.04 2.35

Competitive Comparison of Mordovia Energy Retail Company PJSC's Receivables Turnover

For the Utilities - Regulated Electric subindustry, Mordovia Energy Retail Company PJSC'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.


Mordovia Energy Retail Company PJSC's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Mordovia Energy Retail Company PJSC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mordovia Energy Retail Company PJSC's Receivables Turnover falls into.



Mordovia Energy Retail Company PJSC Receivables Turnover Calculation

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

Mordovia Energy Retail Company PJSC's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=6769.835 / ((507.87 + 664.543) / 2 )
=6769.835 / 586.2065
=11.55

Mordovia Energy Retail Company PJSC'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: Jun. 2023 ) + Accounts Receivable (Q: Sep. 2023 )) / count )
=1746.561 / ((768.741 + 719.801) / 2 )
=1746.561 / 744.271
=2.35

* 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.


Mordovia Energy Retail Company PJSC  (MIC:MRSB) 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.


Mordovia Energy Retail Company PJSC Receivables Turnover Related Terms

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Mordovia Energy Retail Company PJSC (MIC:MRSB) Business Description

Traded in Other Exchanges
N/A
Address
117A Street Bolshevistskaya, Saransk, Republic of Mordovia, RUS, 430001
Mordovia Energy Retail Company PJSC is engaged in the purchase and sale of electricity in the wholesale and retail markets.

Mordovia Energy Retail Company PJSC (MIC:MRSB) Headlines

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