CDNTF (Canadian Tire) Receivables Turnover : 3.91 (As of Sep. 2024)

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What is Canadian Tire 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. Canadian Tire's Revenue for the three months ended in Sep. 2024 was $3,095 Mil. Canadian Tire's average Accounts Receivable for the three months ended in Sep. 2024 was $793 Mil. Hence, Canadian Tire's Receivables Turnover for the three months ended in Sep. 2024 was 3.91.

Canadian Tire Receivables Turnover Historical Data

The historical data trend for Canadian Tire'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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Canadian Tire Receivables Turnover Chart

Canadian Tire Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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21.47

20.87

23.38

22.20

19.62

Canadian Tire Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															3.54	3.77	3.04	3.61	3.91

Competitive Comparison of Canadian Tire's Receivables Turnover

For the Specialty Retail subindustry, Canadian Tire'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.

Canadian Tire's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Canadian Tire's Receivables Turnover distribution charts can be found below:

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

Canadian Tire Receivables Turnover Calculation

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

Canadian Tire'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 )
=	12415.4	/ (	(636.805	+	628.876)	/	2 )
=	12415.4	/	632.8405
=	19.62

Canadian Tire's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	3095.305	/ (	(586.063	+	999.188)	/	2 )
=	3095.305	/	792.6255
=	3.91

Canadian Tire (OTCPK:CDNTF) 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.

Canadian Tire Receivables Turnover Related Terms

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Canadian Tire Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Canadian Tire Corp Ltd (OTCPK:CDNTF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CDNAF:USA CTC.A:Canada CTC:Canada

Address

2180 Yonge Street, P.O. Box 770, Toronto, ON, CAN, M4P 2V8

Website

https://www.corp.canadiantire.ca

Canadian Tire is a leading general merchandise retailer with over 1,400 affiliated stores across Canada. The company operates about 650 stores, with the remaining operated by franchisees or third-party dealers. The retailer boasts a wide array of owned and affiliated banners that include its iconic namesake brand, Mark's, Sport Chek, Sports Experts, PartSource, Party City, and Helly Hansen. Its wide product assortment includes automotive parts, appliances, home improvement items, sporting goods, and apparel. The firm also offers a loyalty program with 11 million members and owns a financial services arm that manages a credit card portfolio for its more than 2 million active users.