ADF Group (TSX:DRX) Receivables Turnover : 1.22 (As of Jan. 2024)

View and export this data going back to 1999. Start your Free Trial

What is ADF Group 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. ADF Group's Revenue for the three months ended in Jan. 2024 was C$88.4 Mil. ADF Group's average Accounts Receivable for the three months ended in Jan. 2024 was C$72.6 Mil. Hence, ADF Group's Receivables Turnover for the three months ended in Jan. 2024 was 1.22.

ADF Group Receivables Turnover Historical Data

The historical data trend for ADF Group'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.

* Premium members only.

ADF Group Receivables Turnover Chart

ADF Group Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Receivables Turnover

Get a 7-Day Free Trial

5.17

3.84

7.33

4.91

4.77

ADF Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															0.88	1.19	1.25	1.09	1.22

Competitive Comparison of ADF Group's Receivables Turnover

For the Metal Fabrication subindustry, ADF Group'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.

ADF Group's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ADF Group's Receivables Turnover distribution charts can be found below:

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

ADF Group Receivables Turnover Calculation

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

ADF Group's Receivables Turnover for the fiscal year that ended in Jan. 2024 is calculated as

	Receivables Turnover (A: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jan. 2024 )	/ (	(Accounts Receivable (A: Jan. 2023 )	+	Accounts Receivable (A: Jan. 2024 ))	/	count )
=	331.023	/ (	(75.793	+	63.119)	/	2 )
=	331.023	/	69.456
=	4.77

ADF Group's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Oct. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	88.394	/ (	(81.982	+	63.119)	/	2 )
=	88.394	/	72.5505
=	1.22

ADF Group (TSX:DRX) 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.

ADF Group Receivables Turnover Related Terms

Thank you for viewing the detailed overview of ADF Group's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

ADF Group (TSX:DRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ADF Group Inc (TSX:DRX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ADFJF:USA 4QM:Germany

Address

300, rue Henry-Bessemer, Terrebonne, QC, CAN, J6Y 1T3

Website

https://www.adfgroup.com

ADF Group Inc involves in the design and engineering of connections, fabrication, including industrial coating, and the installation of steel structures and steel built-ups, as well as miscellaneous and architectural metalwork. The company's products and services are intended for the five principal segments of the non-residential construction industry: Office towers and high-rises, Commercial and recreational buildings, Airport facilities, Industrial complexes, and Transport infrastructures. It serves the client base in the non-residential construction industry, such as general contractors, project owners, engineering firms and project architects, and other steel structure fabricators. The company operates in the United States and Canada.

ADF Group (TSX:DRX) Headlines

No Headlines