GreenFirst Forest Products (FRA:IMT) Receivables Turnover : 3.86 (As of Mar. 2024)

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What is GreenFirst Forest Products 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. GreenFirst Forest Products's Revenue for the three months ended in Mar. 2024 was €63.3 Mil. GreenFirst Forest Products's average Accounts Receivable for the three months ended in Mar. 2024 was €16.4 Mil. Hence, GreenFirst Forest Products's Receivables Turnover for the three months ended in Mar. 2024 was 3.86.

GreenFirst Forest Products Receivables Turnover Historical Data

The historical data trend for GreenFirst Forest Products'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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GreenFirst Forest Products Receivables Turnover Chart

GreenFirst Forest Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.67

21.02

21.65

GreenFirst Forest Products 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															3.02	2.80	2.85	4.17	3.86

Competitive Comparison of GreenFirst Forest Products's Receivables Turnover

For the Lumber & Wood Production subindustry, GreenFirst Forest Products'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.

GreenFirst Forest Products's Receivables Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, GreenFirst Forest Products's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where GreenFirst Forest Products's Receivables Turnover falls into.

GreenFirst Forest Products Receivables Turnover Calculation

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

GreenFirst Forest Products'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 )
=	270.801	/ (	(14.563	+	10.458)	/	2 )
=	270.801	/	12.5105
=	21.65

GreenFirst Forest Products'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 )
=	63.255	/ (	(10.458	+	22.33)	/	2 )
=	63.255	/	16.394
=	3.86

GreenFirst Forest Products (FRA:IMT) 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.

GreenFirst Forest Products Receivables Turnover Related Terms

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GreenFirst Forest Products (FRA:IMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » GreenFirst Forest Products Inc (FRA:IMT) » Definitions » Receivables Turnover

Comparable Companies

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ICLTF:USA GFP:Canada

Address

401 The West Mall, Suite 1000, Vancouver, BC, CAN, M9C 5J5

Website

https://www.greenfirst.ca

GreenFirst Forest Products Inc is a forest-first business, focused on sustainable forest management and lumber production. The Company operates through two business segments: forest products and paper products. Through its forest products segment, the Company produces and markets a wide range of forest products for use in residential and commercial construction, including SPF lumber, wood chips, and by-products. The Paper Products segment manufactures and sells paper-grade products used in printing newspapers, promotional materials, food service bags, and other related paper products.

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