Taiga Motors (TSX:TAIG) Receivables Turnover : 7.59 (As of Mar. 2024)

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What is Taiga Motors 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. Taiga Motors's Revenue for the three months ended in Mar. 2024 was C$5.08 Mil. Taiga Motors's average Accounts Receivable for the three months ended in Mar. 2024 was C$0.67 Mil. Hence, Taiga Motors's Receivables Turnover for the three months ended in Mar. 2024 was 7.59.

Taiga Motors Receivables Turnover Historical Data

The historical data trend for Taiga Motors'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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Taiga Motors Receivables Turnover Chart

Taiga Motors Annual Data

Trend

May17

May18

May19

May20

Dec21

Dec22

Dec23

Receivables Turnover

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13.36

Taiga Motors Quarterly Data
	May18	May19	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														0.28	0.64	0.59	1.37	7.59

Competitive Comparison of Taiga Motors's Receivables Turnover

For the Recreational Vehicles subindustry, Taiga Motors'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.

Taiga Motors's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Taiga Motors's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Taiga Motors's Receivables Turnover falls into.

Taiga Motors Receivables Turnover Calculation

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

Taiga Motors'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 )
=	16.127	/ (	(0	+	1.207)	/	1 )
=	16.127	/	1.207
=	13.36

Taiga Motors'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 )
=	5.077	/ (	(1.207	+	0.131)	/	2 )
=	5.077	/	0.669
=	7.59

Taiga Motors (TSX:TAIG) 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.

Taiga Motors Receivables Turnover Related Terms

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Taiga Motors (TSX:TAIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Taiga Motors Corp (TSX:TAIG) » Definitions » Receivables Turnover

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TAIMF:USA

Address

2695 Dollard Avenue, LaSalle, Montreal, QC, CAN, H8N 2J8

Website

https://www.taigamotors.com

Taiga Motors Corp is a Canadian company focused on the production and delivery of all-electric vehicles. its activities of research and development, design, and marketing. Its product lineup includes electric snowmobiles and personal watercraft. Its geographic regions are Canada and the United states of America, and the majority of its revenue comes from Canada.

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