Marsden Maritime Holdings (NZSE:MMH) Receivables Turnover : 2.41 (As of Dec. 2023)

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What is Marsden Maritime Holdings 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. Marsden Maritime Holdings's Revenue for the six months ended in Dec. 2023 was NZ$1.52 Mil. Marsden Maritime Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was NZ$0.63 Mil. Hence, Marsden Maritime Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 2.41.

Marsden Maritime Holdings Receivables Turnover Historical Data

The historical data trend for Marsden Maritime Holdings'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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Marsden Maritime Holdings Receivables Turnover Chart

Marsden Maritime Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

Get a 7-Day Free Trial

59.24

59.18

117.78

435.26

59.32

Marsden Maritime Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	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															1.41	20.92	4.00	15.86	2.41

Competitive Comparison of Marsden Maritime Holdings's Receivables Turnover

For the Infrastructure Operations subindustry, Marsden Maritime Holdings'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.

Marsden Maritime Holdings's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Marsden Maritime Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Marsden Maritime Holdings's Receivables Turnover falls into.

Marsden Maritime Holdings Receivables Turnover Calculation

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

Marsden Maritime Holdings'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 )
=	10.648	/ (	(0.025	+	0.334)	/	2 )
=	10.648	/	0.1795
=	59.32

Marsden Maritime Holdings'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 )
=	1.517	/ (	(0.334	+	0.925)	/	2 )
=	1.517	/	0.6295
=	2.41

Marsden Maritime Holdings (NZSE:MMH) 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.

Marsden Maritime Holdings Receivables Turnover Related Terms

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Marsden Maritime Holdings (NZSE:MMH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Marsden Maritime Holdings Ltd (NZSE:MMH) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Marsden Bay Drive, Marsden Point, PO Box 196, Ruakaka, NTL, NZL, 0171

Website

https://www.marsdenmaritime.co.nz

Marsden Maritime Holdings Ltd is a New Zealand based company engaged in the operation of ports. It is focused on attracting business to the port area, through long-term lease arrangements on land owned adjacent to the port. The business segments of the group are Northport-related Operations, Property holdings, Marina and commercial and other activities. The organization operates in the geographical segment of the Greater Marsden Point Area. The company derives the majority of its revenue from the property holdings segment.

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