TFI International (TSX:TFII) Receivables Turnover : 2.13 (As of Mar. 2024)

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What is TFI International 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. TFI International's Revenue for the three months ended in Mar. 2024 was C$2,532 Mil. TFI International's average Accounts Receivable for the three months ended in Mar. 2024 was C$1,191 Mil. Hence, TFI International's Receivables Turnover for the three months ended in Mar. 2024 was 2.13.

TFI International Receivables Turnover Historical Data

The historical data trend for TFI International'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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TFI International Receivables Turnover Chart

TFI International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.72

7.38

9.27

9.29

8.24

TFI International 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															1.94	1.91	2.06	2.15	2.13

Competitive Comparison of TFI International's Receivables Turnover

For the Trucking subindustry, TFI International'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.

TFI International's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, TFI International's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where TFI International's Receivables Turnover falls into.

TFI International Receivables Turnover Calculation

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

TFI International'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 )
=	10090.398	/ (	(1312.892	+	1135.907)	/	2 )
=	10090.398	/	1224.3995
=	8.24

TFI International'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 )
=	2532.335	/ (	(1135.907	+	1245.862)	/	2 )
=	2532.335	/	1190.8845
=	2.13

TFI International (TSX:TFII) 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.

TFI International Receivables Turnover Related Terms

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TFI International (TSX:TFII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » TFI International Inc (TSX:TFII) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

TFII:USA

Address

8801 Trans-Canada Highway, Suite 500, Saint-Laurent, Montreal, QC, CAN, H4S 1Z6

Website

https://www.tfiintl.com

TFI International Inc is a transportation and logistics company domiciled in Canada. The company organises itself into four segments: package and courier, less-than-truckload, truckload, and logistics. The package and courier segment picks up, transports, and delivers items across North America. The less-than-truckload segment transports smaller loads. The truckload segment transports goods by flatbed trucks, containers, or a more specialised service. The company provides general logistics services through the logistics segment. TFI International derives the majority of revenue domestically, followed by the United States.

Executives

David Joseph Saperstein

Senior Officer