GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kelso Technologies Inc (TSX:KLS) » Definitions » Receivables Turnover

Kelso Technologies (TSX:KLS) Receivables Turnover : 2.66 (As of Mar. 2024)


View and export this data going back to 1994. Start your Free Trial

What is Kelso Technologies 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. Kelso Technologies's Revenue for the three months ended in Mar. 2024 was C$3.59 Mil. Kelso Technologies's average Accounts Receivable for the three months ended in Mar. 2024 was C$1.35 Mil. Hence, Kelso Technologies's Receivables Turnover for the three months ended in Mar. 2024 was 2.66.

Kelso Technologies Receivables Turnover Historical Data

The historical data trend for Kelso Technologies'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.

* Premium members only.

Kelso Technologies Receivables Turnover Chart

Kelso Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.37 9.24 11.05 10.21 8.78

Kelso Technologies 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.06 2.15 3.14 2.86 2.66

Competitive Comparison of Kelso Technologies's Receivables Turnover

For the Railroads subindustry, Kelso Technologies'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.

Kelso Technologies's Receivables Turnover Distribution in the Transportation Industry

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

* The bar in red indicates where Kelso Technologies's Receivables Turnover falls into.


Kelso Technologies Receivables Turnover Calculation

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

Kelso Technologies'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 )
=14.516 / ((1.877 + 1.429) / 2 )
=14.516 / 1.653
=8.78

Kelso Technologies'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 )
=3.591 / ((1.429 + 1.272) / 2 )
=3.591 / 1.3505
=2.66

* 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.

Kelso Technologies  (TSX:KLS) 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.

Kelso Technologies Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Kelso Technologies's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Kelso Technologies (TSX:KLS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kelso Technologies Inc (TSX:KLS) » Definitions » Receivables Turnover
Comparable Companies
TSXV:RBX TSX:JAG TSXV:JUB TSXV:SOMA TSX:ORA TSXV:CQR TSXV:MJS TSX:AR TSX:DPM TSX:VGCX UNP TSX:CNR TSX:CP CSX NSC SHSE:601816 WAB HKSE:01766 TSE:9022 HKSE:00066
Traded in Other Exchanges
KIQ:USA LB4A:Germany
Address
13966, 18B Avenue, Surrey, BC, CAN, V4A 8J1
Website
https://www.kelsotech.com
Kelso Technologies Inc is a railway equipment supplier that produces and sells tank car service equipment used for the safe loading, unloading, and containment of hazardous materials during transport. The firm designs, engineers, markets, produces, and distributes various pressure relief valves and manway securement systems designed to reduce the risk of environmental harm due to non-accidental events in the transportation of hazardous commodities via railroad tank cars.
Executives
James Richard Bond Director, Senior Officer

Kelso Technologies (TSX:KLS) Headlines

No Headlines