Conifex Timber (TSX:CFF) Receivables Turnover : 4.18 (As of Mar. 2024)

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What is Conifex Timber 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. Conifex Timber's Revenue for the three months ended in Mar. 2024 was C$40.8 Mil. Conifex Timber's average Accounts Receivable for the three months ended in Mar. 2024 was C$9.8 Mil. Hence, Conifex Timber's Receivables Turnover for the three months ended in Mar. 2024 was 4.18.

Conifex Timber Receivables Turnover Historical Data

The historical data trend for Conifex Timber'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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Conifex Timber Receivables Turnover Chart

Conifex Timber Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.03

10.64

26.19

24.15

16.05

Conifex Timber 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															2.94	2.83	6.02	4.00	4.18

Competitive Comparison of Conifex Timber's Receivables Turnover

For the Lumber & Wood Production subindustry, Conifex Timber'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.

Conifex Timber's Receivables Turnover Distribution in the Forest Products Industry

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

* The bar in red indicates where Conifex Timber's Receivables Turnover falls into.

Conifex Timber Receivables Turnover Calculation

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

Conifex Timber'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 )
=	141.158	/ (	(10.381	+	7.21)	/	2 )
=	141.158	/	8.7955
=	16.05

Conifex Timber'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 )
=	40.76	/ (	(7.21	+	12.294)	/	2 )
=	40.76	/	9.752
=	4.18

Conifex Timber (TSX:CFF) 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.

Conifex Timber Receivables Turnover Related Terms

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Conifex Timber (TSX:CFF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Conifex Timber Inc (TSX:CFF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CFXTF:USA 5CA:Germany

Address

980-700 West Georgia Street, Vancouver, BC, CAN, V7Y 1B6

Website

https://www.conifex.com

Conifex Timber Inc is a Canada-based forestry company. It operates through two segments: Lumber and Bioenergy. The main activities of the lumbar segment include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber finishing. The firm's primary activities in the bioenergy segment are the generation of electrical power and the development of other opportunities in bioenergy and bioproducts which are complementary to the company's harvesting and manufacturing operations. The firm's main activities areas are the United States, Chinese, Canadian and Japanese markets. The revenues are generated from lumber in the United States of America.

Executives

John Michael Costello

Director

Conifex Timber (TSX:CFF) Headlines

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