Max Stock (XTAE:MAXO) Receivables Turnover : 3.01 (As of Mar. 2024)

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What is Max Stock 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. Max Stock's Revenue for the three months ended in Mar. 2024 was ₪313 Mil. Max Stock's average Accounts Receivable for the three months ended in Mar. 2024 was ₪104 Mil. Hence, Max Stock's Receivables Turnover for the three months ended in Mar. 2024 was 3.01.

Max Stock Receivables Turnover Historical Data

The historical data trend for Max Stock'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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Max Stock Receivables Turnover Chart

Max Stock Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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15.24

15.82

13.07

13.32

12.37

Max Stock Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															3.05	2.72	3.58	2.86	3.01

Competitive Comparison of Max Stock's Receivables Turnover

For the Department Stores subindustry, Max Stock'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.

Max Stock's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Max Stock's Receivables Turnover distribution charts can be found below:

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

Max Stock Receivables Turnover Calculation

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

Max Stock's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	1119.156	/ (	(81.79	+	99.211)	/	2 )
=	1119.156	/	90.5005
=	12.37

Max Stock's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	313.219	/ (	(99.211	+	109.232)	/	2 )
=	313.219	/	104.2215
=	3.01

Max Stock (XTAE:MAXO) 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.

Max Stock Receivables Turnover Related Terms

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Max Stock (XTAE:MAXO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Max Stock Ltd (XTAE:MAXO) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

71 Khalutzei HaTa'a'ssiya Street, Admirality Center, Haifa, ISR

Website

https://www.maxstock.co.il

Max Stock Ltd operates a chain of departmental stores. The stores offer school supplies, tools and hardware, clothing items, toys, plasticware, gifts and accessories, baking utensils, furniture, home decor items, and other products.

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