Doman Building Materials Group (Doman Building Materials Group) Receivables Turnover : 2.87 (As of Dec. 2023)

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What is Doman Building Materials Group 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. Doman Building Materials Group's Revenue for the three months ended in Dec. 2023 was $393 Mil. Doman Building Materials Group's average Accounts Receivable for the three months ended in Dec. 2023 was $137 Mil. Hence, Doman Building Materials Group's Receivables Turnover for the three months ended in Dec. 2023 was 2.87.

Doman Building Materials Group Receivables Turnover Historical Data

The historical data trend for Doman Building Materials Group'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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Doman Building Materials Group Receivables Turnover Chart

Doman Building Materials Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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14.95

15.29

15.68

16.69

16.44

Doman Building Materials Group 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															2.83	2.91	2.59	2.53	2.87

Competitive Comparison of Doman Building Materials Group's Receivables Turnover

For the Industrial Distribution subindustry, Doman Building Materials Group'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.

Doman Building Materials Group's Receivables Turnover Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Doman Building Materials Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Doman Building Materials Group's Receivables Turnover falls into.

Doman Building Materials Group Receivables Turnover Calculation

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

Doman Building Materials Group'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 )
=	1856.86	/ (	(110.448	+	115.487)	/	2 )
=	1856.86	/	112.9675
=	16.44

Doman Building Materials Group'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 )
=	393.103	/ (	(158.813	+	115.487)	/	2 )
=	393.103	/	137.15
=	2.87

Doman Building Materials Group (OTCPK:CWXZF) 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.

Doman Building Materials Group Receivables Turnover Related Terms

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Doman Building Materials Group (Doman Building Materials Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Doman Building Materials Group Ltd (OTCPK:CWXZF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

2CW:Germany DBM:Canada

Address

1100 Melville Street, Suite 1600, PO Box 39, Vancouver, BC, CAN, V6E 4A6

Website

https://www.domanbm.com

Doman Building Materials Group Ltd is a wholesale distributor of building materials and home renovation products. The company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers and similar concerns. Its operations also include timber ownership and management of private timberlands and forest licenses, and agricultural post-peeling and pressure treating through CanWel Fibre Corp. Its operating segments are Building Materials and Other. Geographically the group has a business presence in Canada and the U.S.

Doman Building Materials Group (Doman Building Materials Group) Headlines

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The Futura Corporation Announces Acquisition in CanWel Building Materials Group Ltd.

By GlobeNewswire GlobeNewswire • 11-21-2018

CanWel Building Materials Announces Change of Auditor

By GlobeNewswire GlobeNewswire • 09-21-2018