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Dominion Lending Centres (TSX:DLCG) Receivables Turnover : 1.13 (As of Mar. 2024)


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What is Dominion Lending Centres 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. Dominion Lending Centres's Revenue for the three months ended in Mar. 2024 was C$13.64 Mil. Dominion Lending Centres's average Accounts Receivable for the three months ended in Mar. 2024 was C$12.03 Mil. Hence, Dominion Lending Centres's Receivables Turnover for the three months ended in Mar. 2024 was 1.13.


Dominion Lending Centres Receivables Turnover Historical Data

The historical data trend for Dominion Lending Centres'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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Dominion Lending Centres Receivables Turnover Chart

Dominion Lending Centres Annual Data
Trend Sep13 Sep14 Sep15 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.04 3.47 4.93 4.41 4.40

Dominion Lending Centres 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 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 Premium Member Only Premium Member Only Premium Member Only 0.98 1.41 1.46 1.09 1.13

Competitive Comparison of Dominion Lending Centres's Receivables Turnover

For the Mortgage Finance subindustry, Dominion Lending Centres'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.


Dominion Lending Centres's Receivables Turnover Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Dominion Lending Centres's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Dominion Lending Centres's Receivables Turnover falls into.



Dominion Lending Centres Receivables Turnover Calculation

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

Dominion Lending Centres'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 )
=62.517 / ((14.063 + 14.343) / 2 )
=62.517 / 14.203
=4.40

Dominion Lending Centres'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 )
=13.636 / ((14.343 + 9.713) / 2 )
=13.636 / 12.028
=1.13

* 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.


Dominion Lending Centres  (TSX:DLCG) 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.


Dominion Lending Centres Receivables Turnover Related Terms

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Dominion Lending Centres (TSX:DLCG) Business Description

Traded in Other Exchanges
Address
2207 - 4th Street SW, Suite 400, Calgary, AB, CAN, T2S 1X1
Dominion Lending Centres Inc is a mortgage brokerage franchisor and mortgage broker data connectivity provider with operations across Canada. The Group operates through Dominion Lending Centres and its three main subsidiaries, MCC Mortgage Centre Canada Inc., MA Mortgage Architects Inc and Newton Connectivity Systems Inc. The company has two operating segments, namely, the Core Business Operations segment and the NonCore Business Asset Management segment. The company generates revenue mainly from franchising and mortgage brokerage services.
Executives
Dennis Frank Sykora Director

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