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Li-Cycle Holdings (Li-Cycle Holdings) Receivables Turnover : 2.15 (As of Mar. 2024)


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What is Li-Cycle Holdings 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. Li-Cycle Holdings's Revenue for the three months ended in Mar. 2024 was $4.20 Mil. Li-Cycle Holdings's average Accounts Receivable for the three months ended in Mar. 2024 was $1.95 Mil. Hence, Li-Cycle Holdings's Receivables Turnover for the three months ended in Mar. 2024 was 2.15.


Li-Cycle Holdings Receivables Turnover Historical Data

The historical data trend for Li-Cycle Holdings'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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Li-Cycle Holdings Receivables Turnover Chart

Li-Cycle Holdings Annual Data
Trend Oct19 Oct20 Oct21 Oct22 Dec23
Receivables Turnover
- 1.39 3.13 4.79 14.64

Li-Cycle Holdings Quarterly Data
Oct19 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.38 1.57 2.94 3.88 2.15

Competitive Comparison of Li-Cycle Holdings's Receivables Turnover

For the Waste Management subindustry, Li-Cycle Holdings'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.


Li-Cycle Holdings's Receivables Turnover Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Li-Cycle Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Li-Cycle Holdings's Receivables Turnover falls into.



Li-Cycle Holdings Receivables Turnover Calculation

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

Li-Cycle Holdings'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: Oct. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=18.3 / ((1.5 + 1) / 2 )
=18.3 / 1.25
=14.64

Li-Cycle Holdings'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 )
=4.2 / ((1 + 2.9) / 2 )
=4.2 / 1.95
=2.15

* 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.


Li-Cycle Holdings  (NYSE:LICY) 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.


Li-Cycle Holdings Receivables Turnover Related Terms

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Li-Cycle Holdings (Li-Cycle Holdings) Business Description

Traded in Other Exchanges
N/A
Address
207 Queen’s Quay West, Suite 590, Toronto, ON, CAN, M5J 1A7
Li-Cycle Holdings Corp is a lithium-ion battery resource recovery and the leading lithium-ion battery recycler. Its proprietary "Spoke and Hub" recycling process is designed at its Spokes, to process battery manufacturing scrap and end-of-life batteries to produce "black mass" and other intermediate products, and at its Hubs, to process black mass to recover raw materials, including but not limited to lithium carbonate, cobalt sulphate and nickel sulphate.

Li-Cycle Holdings (Li-Cycle Holdings) Headlines

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