Brookfield Asset Management (Brookfield Asset Management) Receivables Turnover : 0.27 (As of Dec. 2023)

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What is Brookfield Asset Management 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. Brookfield Asset Management's Revenue for the three months ended in Dec. 2023 was $160.0 Mil. Brookfield Asset Management's average Accounts Receivable for the three months ended in Dec. 2023 was $588.0 Mil. Hence, Brookfield Asset Management's Receivables Turnover for the three months ended in Dec. 2023 was 0.27.

Brookfield Asset Management Receivables Turnover Historical Data

The historical data trend for Brookfield Asset Management'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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Brookfield Asset Management Receivables Turnover Chart

Brookfield Asset Management Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

107.23

0.92

Brookfield Asset Management Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial						-	-	0.09	0.07	0.27

Competitive Comparison of Brookfield Asset Management's Receivables Turnover

For the Asset Management subindustry, Brookfield Asset Management'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.

Brookfield Asset Management's Receivables Turnover Distribution in the Asset Management Industry

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

* The bar in red indicates where Brookfield Asset Management's Receivables Turnover falls into.

Brookfield Asset Management Receivables Turnover Calculation

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

Brookfield Asset Management'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 )
=	383	/ (	(245	+	588)	/	2 )
=	383	/	416.5
=	0.92

Brookfield Asset Management's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	160	/ (	(0	+	588)	/	1 )
=	160	/	588
=	0.27

Brookfield Asset Management (NYSE:BAM) 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.

Brookfield Asset Management Receivables Turnover Related Terms

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Brookfield Asset Management (Brookfield Asset Management) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

RW5:Germany RW5:Germany BAM:Canada

Address

181 Bay Street, Suite 100, Brookfield Place, Toronto, ON, CAN, M5H 2T3

Website

https://www.brookfield.com

Brookfield Asset Management Ltd engages in providing alternative asset management services through an ownership interest in a leading global alternative asset management business. It offers a range of alternative investment products to investors around the world including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies, and private wealth investors.