Parx Materials NV (XPAR:MLPRX) Receivables Turnover : 0.41 (As of Dec. 2022)

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What is Parx Materials NV 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. Parx Materials NV's Revenue for the six months ended in Dec. 2022 was €0.13 Mil. Parx Materials NV's average Accounts Receivable for the six months ended in Dec. 2022 was €0.31 Mil. Hence, Parx Materials NV's Receivables Turnover for the six months ended in Dec. 2022 was 0.41.

Parx Materials NV Receivables Turnover Historical Data

The historical data trend for Parx Materials NV'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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Parx Materials NV Receivables Turnover Chart

Parx Materials NV Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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4.01

2.76

0.59

5.70

0.41

Parx Materials NV Semi-Annual Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Receivables Turnover	Get a 7-Day Free Trial			4.01	2.76	0.59	5.70	0.41

Competitive Comparison of Parx Materials NV's Receivables Turnover

For the Specialty Chemicals subindustry, Parx Materials NV'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.

Parx Materials NV's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Parx Materials NV's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Parx Materials NV's Receivables Turnover falls into.

Parx Materials NV Receivables Turnover Calculation

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

Parx Materials NV'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 )
=	0.128	/ (	(0.081	+	0.537)	/	2 )
=	0.128	/	0.309
=	0.41

Parx Materials NV's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Dec. 2021 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	0.128	/ (	(0.081	+	0.537)	/	2 )
=	0.128	/	0.309
=	0.41

Parx Materials NV (XPAR:MLPRX) 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.

Parx Materials NV Receivables Turnover Related Terms

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Parx Materials NV (XPAR:MLPRX) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Parx Materials NV (XPAR:MLPRX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Goudsesingel 96 (Unit 1.7), Rotterdam, NLD, 3011 KD

Website

https://www.parxmaterials.com

Parx Materials NV is a holding company. It is engaged in developing, manufacturing, and marketing biocompatible plastics and antibacterial polymers. The company through its patented process is integrating it in plastics improving the material's characteristics to protect the surface from bacteria, molds, and fungi. Its technology does not impact any of the original features of the material and the antibacterial property lasts a lifetime. The company's technology can be used for roughly any application, for example for toilet seats, mobile phones, light switches, hospital beds, medical devices, remote controls, door handles, refrigerators, and packaging materials.

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