Orbit Garant Drilling (TSX:OGD) Receivables Turnover : 1.46 (As of Mar. 2024)

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What is Orbit Garant Drilling 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. Orbit Garant Drilling's Revenue for the three months ended in Mar. 2024 was C$48.2 Mil. Orbit Garant Drilling's average Accounts Receivable for the three months ended in Mar. 2024 was C$33.0 Mil. Hence, Orbit Garant Drilling's Receivables Turnover for the three months ended in Mar. 2024 was 1.46.

Orbit Garant Drilling Receivables Turnover Historical Data

The historical data trend for Orbit Garant Drilling'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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Orbit Garant Drilling Receivables Turnover Chart

Orbit Garant Drilling Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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4.42

4.77

5.28

4.88

5.75

Orbit Garant Drilling 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															1.37	1.38	1.41	1.40	1.46

Competitive Comparison of Orbit Garant Drilling's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Orbit Garant Drilling'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.

Orbit Garant Drilling's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Orbit Garant Drilling's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Orbit Garant Drilling's Receivables Turnover falls into.

Orbit Garant Drilling Receivables Turnover Calculation

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

Orbit Garant Drilling's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	200.976	/ (	(39.401	+	30.538)	/	2 )
=	200.976	/	34.9695
=	5.75

Orbit Garant Drilling'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 )
=	48.206	/ (	(29.393	+	36.516)	/	2 )
=	48.206	/	32.9545
=	1.46

Orbit Garant Drilling (TSX:OGD) 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.

Orbit Garant Drilling Receivables Turnover Related Terms

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Orbit Garant Drilling (TSX:OGD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Orbit Garant Drilling Inc (TSX:OGD) » Definitions » Receivables Turnover

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Traded in Other Exchanges

OBGRF:USA

Address

3200, Jean Jacques Cossette Boulevard, Val-d'Or, QC, CAN, J9P 6Y6

Website

http://www.orbitgarant.com

Orbit Garant Drilling Inc is a Canadian based drilling company providing services to mining companies through all stages of exploration, development, and production. The company operates a surface and underground diamond drilling business. The firm also manufactures conventional drill rigs while also manufacturing and providing other support equipment such as water recirculation systems, heat recovery systems, and fuel-efficient systems. The company operates in Canada, the United States, Central and South America, and West Africa. The majority of the company's revenue is derived from operations in Canada.

Executives

Alain Laplante

Senior Officer

Orbit Garant Drilling (TSX:OGD) Headlines

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