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Metrovacesa (XMAD:MVC) Receivables Turnover : 18.73 (As of Jun. 2023)


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What is Metrovacesa 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. Metrovacesa's Revenue for the three months ended in Jun. 2023 was €85.2 Mil. Metrovacesa's average Accounts Receivable for the three months ended in Jun. 2023 was €4.6 Mil. Hence, Metrovacesa's Receivables Turnover for the three months ended in Jun. 2023 was 18.73.


Metrovacesa Receivables Turnover Historical Data

The historical data trend for Metrovacesa'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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Metrovacesa Receivables Turnover Chart

Metrovacesa Annual Data
Trend Dec12 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.01 10.46 115.27 48.15 22.25

Metrovacesa Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23
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 31.91 10.54 5.01 18.73 -

Competitive Comparison of Metrovacesa's Receivables Turnover

For the Residential Construction subindustry, Metrovacesa'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.


Metrovacesa's Receivables Turnover Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Metrovacesa's Receivables Turnover distribution charts can be found below:

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



Metrovacesa Receivables Turnover Calculation

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

Metrovacesa'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 )
=586.461 / ((15.878 + 36.839) / 2 )
=586.461 / 26.3585
=22.25

Metrovacesa's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

Receivables Turnover (Q: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2023 ) / ((Accounts Receivable (Q: Mar. 2023 ) + Accounts Receivable (Q: Jun. 2023 )) / count )
=85.245 / ((0 + 4.552) / 1 )
=85.245 / 4.552
=18.73

* 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.


Metrovacesa  (XMAD:MVC) 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.


Metrovacesa Receivables Turnover Related Terms

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Metrovacesa (XMAD:MVC) Business Description

Traded in Other Exchanges
Address
Quintanavides street, 13, Parque vía Norte, Madrid, ESP, 28050
Metrovacesa SA is a real estate company. Its operations mainly focus on the development and sale of residential property on land classified as suitable for development. Operating segments is Residential, Commercial and Others. The company earns majority of its revenue through Residential segment. Geographically, it operates majorly in Spain.