GVIC Communications (GVIC Communications) Receivables Turnover : 0.85 (As of Sep. 2020)

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What is GVIC Communications 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. GVIC Communications's Revenue for the three months ended in Sep. 2020 was $26.7 Mil. GVIC Communications's average Accounts Receivable for the three months ended in Sep. 2020 was $31.5 Mil. Hence, GVIC Communications's Receivables Turnover for the three months ended in Sep. 2020 was 0.85.

GVIC Communications Receivables Turnover Historical Data

The historical data trend for GVIC Communications'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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GVIC Communications Receivables Turnover Chart

GVIC Communications Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Receivables Turnover

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4.59

5.13

5.29

5.70

6.85

GVIC Communications Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Receivables Turnover	Get a 7-Day Free Trial															1.29	1.51	1.29	0.77	0.85

Competitive Comparison of GVIC Communications's Receivables Turnover

For the Publishing subindustry, GVIC Communications'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.

GVIC Communications's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, GVIC Communications's Receivables Turnover distribution charts can be found below:

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

GVIC Communications Receivables Turnover Calculation

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

GVIC Communications's Receivables Turnover for the fiscal year that ended in Dec. 2019 is calculated as

	Receivables Turnover (A: Dec. 2019 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2019 )	/ (	(Accounts Receivable (A: Dec. 2018 )	+	Accounts Receivable (A: Dec. 2019 ))	/	count )
=	140.322	/ (	(21.575	+	19.386)	/	2 )
=	140.322	/	20.4805
=	6.85

GVIC Communications's Receivables Turnover for the quarter that ended in Sep. 2020 is calculated as

	Receivables Turnover (Q: Sep. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2020 )	/ (	(Accounts Receivable (Q: Jun. 2020 )	+	Accounts Receivable (Q: Sep. 2020 ))	/	count )
=	26.692	/ (	(30.985	+	31.933)	/	2 )
=	26.692	/	31.459
=	0.85

GVIC Communications (GREY:GVMUF) 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.

GVIC Communications Receivables Turnover Related Terms

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GVIC Communications (GVIC Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » GVIC Communications Corp (GREY:GVMUF) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

389 West 6th Street, Vancouver, BC, CAN, V5Y 1L1

Website

https://www.gviccommunicationscorp.ca

GVIC Communications Corp operates in three segments throughout Canada, the United States, the United Kingdom, and Australia. These segments are Environmental and Property Information, Commodity Information and Community Media. Environmental, Property and Financial Information includes the business to business content, marketing solutions and data information products which are environmental and property-related. Commodity Information includes the business to business content, marketing solutions and data information products which are agriculture, energy and mining-related. The Community Media segment, which is the key revenue driver, includes community media assets and related digital and printing operations.

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