Alaris Equity Partnersome Trust (Alaris Equity Partnersome Trust) Receivables Turnover : 12.10 (As of Mar. 2024)

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What is Alaris Equity Partnersome Trust 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. Alaris Equity Partnersome Trust's Revenue for the three months ended in Mar. 2024 was $22.4 Mil. Alaris Equity Partnersome Trust's average Accounts Receivable for the three months ended in Mar. 2024 was $1.9 Mil. Hence, Alaris Equity Partnersome Trust's Receivables Turnover for the three months ended in Mar. 2024 was 12.10.

Alaris Equity Partnersome Trust Receivables Turnover Historical Data

The historical data trend for Alaris Equity Partnersome Trust'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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Alaris Equity Partnersome Trust Receivables Turnover Chart

Alaris Equity Partnersome Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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118.83

76.02

74.60

75.62

63.65

Alaris Equity Partnersome Trust 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															16.15	13.59	7.58	6.54	12.10

Competitive Comparison of Alaris Equity Partnersome Trust's Receivables Turnover

For the Asset Management subindustry, Alaris Equity Partnersome Trust'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.

Alaris Equity Partnersome Trust's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Alaris Equity Partnersome Trust's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Alaris Equity Partnersome Trust's Receivables Turnover falls into.

Alaris Equity Partnersome Trust Receivables Turnover Calculation

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

Alaris Equity Partnersome Trust'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 )
=	133.481	/ (	(1.979	+	2.215)	/	2 )
=	133.481	/	2.097
=	63.65

Alaris Equity Partnersome Trust'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 )
=	22.395	/ (	(2.215	+	1.488)	/	2 )
=	22.395	/	1.8515
=	12.10

Alaris Equity Partnersome Trust (OTCPK:ADLRF) 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.

Alaris Equity Partnersome Trust Receivables Turnover Related Terms

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Alaris Equity Partnersome Trust (Alaris Equity Partnersome Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Alaris Equity Partners Income Trust (OTCPK:ADLRF) » Definitions » Receivables Turnover

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AD.UN:Canada

Address

250, 333 - 24th Avenue South West, Calgary, AB, CAN, T2S 3E6

Website

https://www.alarisequitypartners.com

Alaris Equity Partners Income Trust is an open-ended trust. The Trust, through its subsidiaries, indirectly provides alternative financing to private companies (Partners) in exchange for distributions with the principal objective of generating stable and predictable cash flows for payment of distributions to unitholders of the Trust. Distributions from the Partners are adjusted each year based on the percentage change of a top-line financial performance measure such as gross margin and same-store sales and rank in priority to the owner's common equity position.