Morguard (Morguard) Receivables Turnover : 12.99 (As of Dec. 2023)

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What is Morguard 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. Morguard's Revenue for the three months ended in Dec. 2023 was $229.9 Mil. Morguard's average Accounts Receivable for the three months ended in Dec. 2023 was $17.7 Mil. Hence, Morguard's Receivables Turnover for the three months ended in Dec. 2023 was 12.99.

Morguard Receivables Turnover Historical Data

The historical data trend for Morguard'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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Morguard Receivables Turnover Chart

Morguard Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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25.20

31.18

25.36

35.82

48.29

Morguard 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															8.53	9.52	10.55	11.50	12.99

Competitive Comparison of Morguard's Receivables Turnover

For the Real Estate - Diversified subindustry, Morguard'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.

Morguard's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Morguard's Receivables Turnover distribution charts can be found below:

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

Morguard Receivables Turnover Calculation

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

Morguard'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 )
=	898.851	/ (	(21.29	+	15.934)	/	2 )
=	898.851	/	18.612
=	48.29

Morguard'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 )
=	229.864	/ (	(19.466	+	15.934)	/	2 )
=	229.864	/	17.7
=	12.99

Morguard (OTCPK:MRCBF) 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.

Morguard Receivables Turnover Related Terms

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Morguard (Morguard) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Morguard Corp (OTCPK:MRCBF) » Definitions » Receivables Turnover

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Traded in Other Exchanges

MRC:Canada

Address

55 City Centre Drive, Suite 1000, Legal Department, Mississauga, ON, CAN, L5B 1M3

Website

https://www.morguard.com

Morguard Corp is a real estate company that acquires, owns, and develops properties in Canada and the United States. The company operates through three business divisions: investments in real property, ownership in real estate investment trusts (including Morguard REIT and Morguard North American Residential REIT), and real estate advisory services and portfolio management. This advisory segment focuses on publicly traded equities and fixed-income securities for institutional clients and private investors. Morguard owns a portfolio of residential, retail, office, industrial, and hotel properties. The company also offers real estate management services and property investment advisory services.

Morguard (Morguard) Headlines

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