CLIRF (Clearford Water Systems) Receivables Turnover: 1.25 (As of Sep. 2021)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Clearford Water Systems Receivables Turnover?

Clearford Water Systems CLIRF Receivables Turnover is 1.25 as of Sep. 2021.

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. Clearford Water Systems's Revenue for the three months ended in Sep. 2021 was $3.54 Mil. Clearford Water Systems's average Accounts Receivable for the three months ended in Sep. 2021 was $2.83 Mil. Hence, Clearford Water Systems's Receivables Turnover for the three months ended in Sep. 2021 was 1.25.


Clearford Water Systems  (OTCPK:CLIRF) 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.


Clearford Water Systems Receivables Turnover Related Terms


Clearford Water Systems Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Clearford Water Systems'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.

Clearford Water Systems Receivables Turnover Chart

Clearford Water Systems Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.77 4.63 4.05 6.85 5.50

Clearford Water Systems Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.27 1.17 1.28 1.47 1.25

CLIRF vs WM, RSG, WCN: Receivables Turnover Comparison

For the Waste Management subindustry, Clearford Water Systems'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.


Clearford Water Systems Receivables Turnover vs Waste Management Industry

For the Waste Management industry and Industrials sector, Clearford Water Systems's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Clearford Water Systems's Receivables Turnover falls into.



Clearford Water Systems Receivables Turnover Calculation

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

Clearford Water Systems's Receivables Turnover for the fiscal year that ended in Dec. 2020 is calculated as

Receivables Turnover (A: Dec. 2020 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2020 ) / ((Accounts Receivable (A: Dec. 2019 ) + Accounts Receivable (A: Dec. 2020 )) / count )
=11.462 / ((1.427 + 2.738) / 2 )
=11.462 / 2.0825
=5.50

Clearford Water Systems's Receivables Turnover for the quarter that ended in Sep. 2021 is calculated as

Receivables Turnover (Q: Sep. 2021 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Sep. 2021 ) / ((Accounts Receivable (Q: Jun. 2021 ) + Accounts Receivable (Q: Sep. 2021 )) / count )
=3.54 / ((2.809 + 2.846) / 2 )
=3.54 / 2.8275
=1.25

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 1.25 mean?
Clearford Water Systems (CLIRF) has a Receivables Turnover of 1.25 as of Sep. 2021. The accounts 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. View historical data on Clearford Water Systems and its competitors.
Is Clearford Water Systems' Receivables Turnover too high?
Clearford Water Systems' current Receivables Turnover is 1.25. The Waste Management industry median Receivables Turnover is 4.84. Clearford Water Systems' value of 1.25 is 74.1% below this industry median.
How does Clearford Water Systems' Receivables Turnover compare to WM and RSG?
Clearford Water Systems' Receivables Turnover of 1.25 can be compared against companies in the Waste Management industry. The industry median Receivables Turnover is 4.84. Clearford Water Systems' value of 1.25 is 74.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Waste Management company?
The median Receivables Turnover among Waste Management companies is 4.84, based on 236 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Clearford Water Systems's current Receivables Turnover of 1.25 is 74.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Clearford Water Systems and its competitors. For the Waste Management industry, the median Receivables Turnover is 4.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Clearford Water Systems's current Receivables Turnover is 1.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clearford Water Systems stock overvalued right now?
Clearford Water Systems (CLIRF) has a current Receivables Turnover of 1.25. The current Receivables Turnover is 1.25 and 74.1% below the Waste Management industry median of 4.84. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Clearford Water Systems (CLIRF), the current Receivables Turnover is 1.25 as of Sep. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Clearford Water Systems Business Description

Address 515 Legget Drive, Suite 100, Ottawa, ON, CAN, K2K 3G4
Clearford Water Systems Inc provides unified water infrastructure solutions. The company is the developer of the Clearford One system, which is a combination of the company's ClearDigest Smart Digester, Small Bore Sewer (SBS) technology, a watertight small diameter wastewater collection system, SBS ClearConvey, and ClearRecover, a wastewater treatment facility-based on the processed influent. It operates through two segments namely Clearford One and UV Pure. The company generates revenue through a sale in various countries such as Canada, the United States of America, India, South America, and other countries. It derives maximum revenue from the Clearford One segment.