Labrador Iron Ore Royalty (Labrador Iron Ore Royalty) Receivables Turnover : 1.12 (As of Dec. 2023)

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What is Labrador Iron Ore Royalty 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. Labrador Iron Ore Royalty's Revenue for the three months ended in Dec. 2023 was $40.6 Mil. Labrador Iron Ore Royalty's average Accounts Receivable for the three months ended in Dec. 2023 was $36.2 Mil. Hence, Labrador Iron Ore Royalty's Receivables Turnover for the three months ended in Dec. 2023 was 1.12.

Labrador Iron Ore Royalty Receivables Turnover Historical Data

The historical data trend for Labrador Iron Ore Royalty'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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Labrador Iron Ore Royalty Receivables Turnover Chart

Labrador Iron Ore Royalty Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.34

4.32

5.18

4.87

4.17

Labrador Iron Ore Royalty Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.94	1.04	1.02	0.96	1.12

Competitive Comparison of Labrador Iron Ore Royalty's Receivables Turnover

For the Steel subindustry, Labrador Iron Ore Royalty'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.

Labrador Iron Ore Royalty's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Labrador Iron Ore Royalty's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Labrador Iron Ore Royalty's Receivables Turnover falls into.

Labrador Iron Ore Royalty Receivables Turnover Calculation

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

Labrador Iron Ore Royalty'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 )
=	149.199	/ (	(31.382	+	40.123)	/	2 )
=	149.199	/	35.7525
=	4.17

Labrador Iron Ore Royalty'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 )
=	40.637	/ (	(32.186	+	40.123)	/	2 )
=	40.637	/	36.1545
=	1.12

Labrador Iron Ore Royalty (OTCPK:LIFZF) 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.

Labrador Iron Ore Royalty Receivables Turnover Related Terms

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Labrador Iron Ore Royalty (Labrador Iron Ore Royalty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Labrador Iron Ore Royalty Corp (OTCPK:LIFZF) » Definitions » Receivables Turnover

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Traded in Other Exchanges

LIF:Canada

Address

235 Water Street, P.O. Box 610, Suite 1000, Scotia Centre, St. John’s, NL, CAN, A1C 5L3

Website

https://www.labradorironore.com

Labrador Iron Ore Royalty Corporation is a Canadian corporation. The company generates all of its revenue from its equity investment in Iron Ore Company of Canada, (IOC) and its IOC royalty and commission interests. IOC operates a major iron mine near Labrador City, Newfoundland, and Labrador on lands leased from LIORC. Directly and through its wholly-owned subsidiary, Hollinger-Hanna, LIORC owns an equity interest in IOC and receives gross overriding royalty on all iron ore products produced from the leased lands that are sold and shipped by IOC and commission on IOC's sales of iron ore. IOC is a Canadian producer of iron ore pellets and concentrate, serving customers worldwide.

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