Fiera Capital (TSX:FSZ) Receivables Turnover : 1.09 (As of Mar. 2024)

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What is Fiera Capital 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. Fiera Capital's Revenue for the three months ended in Mar. 2024 was C$161.8 Mil. Fiera Capital's average Accounts Receivable for the three months ended in Mar. 2024 was C$147.8 Mil. Hence, Fiera Capital's Receivables Turnover for the three months ended in Mar. 2024 was 1.09.

Fiera Capital Receivables Turnover Historical Data

The historical data trend for Fiera Capital'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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Fiera Capital Receivables Turnover Chart

Fiera Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.28

4.66

4.52

4.07

4.71

Fiera Capital 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															1.15	1.22	1.26	1.49	1.09

Competitive Comparison of Fiera Capital's Receivables Turnover

For the Asset Management subindustry, Fiera Capital'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.

Fiera Capital's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Fiera Capital's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Fiera Capital's Receivables Turnover falls into.

Fiera Capital Receivables Turnover Calculation

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

Fiera Capital'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 )
=	675.526	/ (	(137.397	+	149.644)	/	2 )
=	675.526	/	143.5205
=	4.71

Fiera Capital'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 )
=	161.828	/ (	(149.644	+	145.951)	/	2 )
=	161.828	/	147.7975
=	1.09

Fiera Capital (TSX:FSZ) 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.

Fiera Capital Receivables Turnover Related Terms

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Fiera Capital (TSX:FSZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Fiera Capital Corp (TSX:FSZ) » Definitions » Receivables Turnover

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Traded in Other Exchanges

FRRPF:USA ZFS:Germany

Address

1981 McGill College Avenue, Suite 1500, Montreal, QC, CAN, H3A 0H5

Website

https://www.fieracapital.com

Fiera Capital Corp is a asset management firm which delivers customized and multi-asset solutions across public and private market asset classes to institutional, financial intermediary and private wealth clients. The company offers institutional clients a complete range of traditional and alternative investment strategies through specialized and balanced mandates. Its geographical segments are Canada, United States, and Europe & other. The company derives majority of the revenue from United States.