BMTC Group (TSX:GBT) Receivables Turnover : 17.18 (As of Jan. 2024)

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What is BMTC Group 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. BMTC Group's Revenue for the three months ended in Jan. 2024 was C$134.7 Mil. BMTC Group's average Accounts Receivable for the three months ended in Jan. 2024 was C$7.8 Mil. Hence, BMTC Group's Receivables Turnover for the three months ended in Jan. 2024 was 17.18.

BMTC Group Receivables Turnover Historical Data

The historical data trend for BMTC Group'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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BMTC Group Receivables Turnover Chart

BMTC Group Annual Data

Trend

Dec14

Dec15

Dec16

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Receivables Turnover

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145.87

163.24

182.95

101.88

67.85

BMTC Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															19.78	21.47	31.50	19.61	17.18

Competitive Comparison of BMTC Group's Receivables Turnover

For the Specialty Retail subindustry, BMTC Group'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.

BMTC Group's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, BMTC Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where BMTC Group's Receivables Turnover falls into.

BMTC Group Receivables Turnover Calculation

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

BMTC Group's Receivables Turnover for the fiscal year that ended in Jan. 2024 is calculated as

	Receivables Turnover (A: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jan. 2024 )	/ (	(Accounts Receivable (A: Jan. 2023 )	+	Accounts Receivable (A: Jan. 2024 ))	/	count )
=	578.945	/ (	(8.76	+	8.306)	/	2 )
=	578.945	/	8.533
=	67.85

BMTC Group's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Oct. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	134.69	/ (	(7.374	+	8.306)	/	2 )
=	134.69	/	7.84
=	17.18

BMTC Group (TSX:GBT) 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.

BMTC Group Receivables Turnover Related Terms

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BMTC Group (TSX:GBT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » BMTC Group Inc (TSX:GBT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

8500, Place Marien, Montreal-East, QC, CAN, H1B 5W8

Website

https://www.bmtc.ca

BMTC Group Inc is a holding company. The company through its subsidiaries manages and operates furniture and household and electronic appliance retail sales networks in Quebec. It manages and operates a retail network of furniture. The Company considers its retail activities as a single operating segment.