Telesat (FRA:ZE2) Receivables Turnover : 2.69 (As of Mar. 2024)

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What is Telesat 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. Telesat's Revenue for the three months ended in Mar. 2024 was €103.4 Mil. Telesat's average Accounts Receivable for the three months ended in Mar. 2024 was €38.4 Mil. Hence, Telesat's Receivables Turnover for the three months ended in Mar. 2024 was 2.69.

Telesat Receivables Turnover Historical Data

The historical data trend for Telesat'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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Telesat Receivables Turnover Chart

Telesat Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

20.45

11.42

12.21

18.22

Telesat Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial										4.50	0.81	0.76	2.94	2.69

Competitive Comparison of Telesat's Receivables Turnover

For the Communication Equipment subindustry, Telesat'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.

Telesat's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Telesat's Receivables Turnover distribution charts can be found below:

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

Telesat Receivables Turnover Calculation

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

Telesat'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 )
=	481.303	/ (	(20.326	+	32.506)	/	2 )
=	481.303	/	26.416
=	18.22

Telesat's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	103.429	/ (	(32.506	+	44.351)	/	2 )
=	103.429	/	38.4285
=	2.69

Telesat (FRA:ZE2) 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.

Telesat Receivables Turnover Related Terms

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Telesat (FRA:ZE2) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

TSAT:USA TSAT:Canada

Address

160 Elgin Street, Ottawa, ON, CAN, K2P 2P7

Website

https://www.telesat.com

Telesat Corp is a global satellite operator, providing its customers with mission-critical communications services. The company's segment includes Broadcast; Enterprise and Consulting and other. The Broadcast segment includes Direct-to-home television, video distribution and contribution, and occasional use services. The enterprise segment includes telecommunication carriers and integrators, government, consumer broadband, resource, maritime and aeronautical, retail and satellite operator services. Consulting and other segments include Consulting services related to space and earth segments, government studies, satellite control services, and research and development. Geographically, it derives a majority of its revenue from Canada.

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