Dorel Industries (Dorel Industries) Receivables Turnover : 1.75 (As of Dec. 2023)

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What is Dorel Industries 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. Dorel Industries's Revenue for the three months ended in Dec. 2023 was $351 Mil. Dorel Industries's average Accounts Receivable for the three months ended in Dec. 2023 was $201 Mil. Hence, Dorel Industries's Receivables Turnover for the three months ended in Dec. 2023 was 1.75.

Dorel Industries Receivables Turnover Historical Data

The historical data trend for Dorel Industries'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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Dorel Industries Receivables Turnover Chart

Dorel Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.56

4.07

4.99

6.96

7.07

Dorel Industries 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															1.66	1.81	1.84	1.79	1.75

Competitive Comparison of Dorel Industries's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Dorel Industries'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.

Dorel Industries's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Dorel Industries's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Dorel Industries's Receivables Turnover falls into.

Dorel Industries Receivables Turnover Calculation

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

Dorel Industries'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 )
=	1388.748	/ (	(193.03	+	199.718)	/	2 )
=	1388.748	/	196.374
=	7.07

Dorel Industries'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 )
=	350.679	/ (	(201.337	+	199.718)	/	2 )
=	350.679	/	200.5275
=	1.75

Dorel Industries (OTCPK:DIIBF) 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.

Dorel Industries Receivables Turnover Related Terms

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Dorel Industries (Dorel Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Dorel Industries Inc (OTCPK:DIIBF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

DO4B:Germany DII.B:Canada DII.A:Canada

Address

1255 Greene Avenue, Suite 300, Westmount, QC, CAN, H3Z 2A4

Website

https://www.dorel.com

Dorel Industries Inc is a Canadian company that sells juvenile products and furniture. Its segments include Dorel Home and Dorel Juvenile. Dorel Home segment is engaged in the design, sourcing, manufacturing, and distribution of ready-to-assemble furniture and home furnishings which include metal folding furniture, futons, children's furniture, step stools, hand trucks, ladders, outdoor furniture, and other imported furniture items. Dorel Juvenile segment is engaged in the design, sourcing, manufacturing, distribution, and retail of children's accessories which include infant car seats, strollers, high chairs, and infant health and safety aids. Its geographical segments include Canada, the United States, Europe, Latin America, Asia, and Other countries.