Park Lawn (Park Lawn) Receivables Turnover : 2.79 (As of Mar. 2024)

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What is Park Lawn 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. Park Lawn's Revenue for the three months ended in Mar. 2024 was $74.6 Mil. Park Lawn's average Accounts Receivable for the three months ended in Mar. 2024 was $26.8 Mil. Hence, Park Lawn's Receivables Turnover for the three months ended in Mar. 2024 was 2.79.

Park Lawn Receivables Turnover Historical Data

The historical data trend for Park Lawn'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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Park Lawn Receivables Turnover Chart

Park Lawn Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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21.16

23.30

19.96

16.97

14.45

Park Lawn 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															4.89	5.14	5.12	3.95	2.79

Competitive Comparison of Park Lawn's Receivables Turnover

For the Personal Services subindustry, Park Lawn'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.

Park Lawn's Receivables Turnover Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Park Lawn's Receivables Turnover distribution charts can be found below:

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

Park Lawn Receivables Turnover Calculation

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

Park Lawn'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 )
=	342.021	/ (	(19.856	+	27.474)	/	2 )
=	342.021	/	23.665
=	14.45

Park Lawn'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 )
=	74.647	/ (	(27.474	+	26.12)	/	2 )
=	74.647	/	26.797
=	2.79

Park Lawn (OTCPK:PRRWF) 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.

Park Lawn Receivables Turnover Related Terms

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Park Lawn (Park Lawn) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Park Lawn Corp (OTCPK:PRRWF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

PL2:Germany PLC:Canada

Address

2 St. Clair Avenue West, Suite 705, Toronto, ON, CAN, M4T 2T5

Website

https://www.parklawncorp.com

Park Lawn Corp provides goods and services associated with the disposition and memorialization of remains in Canada and the United States. It owns and operates cemeteries, crematoriums, and funeral homes, and funeral services business. The entity generates revenue from the sale of cemetery property interment rights, cemetery services and merchandise sales, and funeral services and merchandise sales. It operates in the United States and Canada, of which key revenue is generated from the United States.