Northland Power (TSX:NPI) Receivables Turnover : 1.95 (As of Mar. 2024)

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What is Northland Power 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. Northland Power's Revenue for the three months ended in Mar. 2024 was C$755 Mil. Northland Power's average Accounts Receivable for the three months ended in Mar. 2024 was C$388 Mil. Hence, Northland Power's Receivables Turnover for the three months ended in Mar. 2024 was 1.95.

Northland Power Receivables Turnover Historical Data

The historical data trend for Northland Power'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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Northland Power Receivables Turnover Chart

Northland Power Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.82

6.17

5.54

5.25

5.27

Northland Power 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															1.41	1.51	1.73	2.09	1.95

Competitive Comparison of Northland Power's Receivables Turnover

For the Utilities - Renewable subindustry, Northland Power'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.

Northland Power's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Northland Power's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Northland Power's Receivables Turnover falls into.

Northland Power Receivables Turnover Calculation

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

Northland Power'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 )
=	2232.779	/ (	(549.637	+	298.221)	/	2 )
=	2232.779	/	423.929
=	5.27

Northland Power'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 )
=	754.92	/ (	(298.221	+	478.022)	/	2 )
=	754.92	/	388.1215
=	1.95

Northland Power (TSX:NPI) 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.

Northland Power Receivables Turnover Related Terms

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Northland Power (TSX:NPI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Northland Power Inc (TSX:NPI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

NPIFF:USA 1NR:Germany NPI.PR.B.PFD:Canada NPI.PR.A.PFD:Canada

Address

30 St. Clair Avenue West, 17th Floor, Toronto, ON, CAN, M4V 3A1

Website

https://www.northlandpower.com

Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company's largest segment over the long term. Northland's growth opportunities are global and span North America, Europe, Latin America, and Asia.

Executives

Eckhardt Guenter Ruemmler

Director