Inscape (Inscape) Receivables Turnover : 0.90 (As of Oct. 2022)

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What is Inscape 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. Inscape's Revenue for the three months ended in Oct. 2022 was $6.07 Mil. Inscape's average Accounts Receivable for the three months ended in Oct. 2022 was $6.72 Mil. Hence, Inscape's Receivables Turnover for the three months ended in Oct. 2022 was 0.90.

Inscape Receivables Turnover Historical Data

The historical data trend for Inscape'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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Inscape Receivables Turnover Chart

Inscape Annual Data

Trend

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Receivables Turnover

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8.21

7.08

6.47

5.55

5.31

Inscape Quarterly Data
	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22
Receivables Turnover	Get a 7-Day Free Trial															1.76	1.53	1.34	0.94	0.90

Competitive Comparison of Inscape's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Inscape'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.

Inscape's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Inscape's Receivables Turnover distribution charts can be found below:

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

Inscape Receivables Turnover Calculation

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

Inscape's Receivables Turnover for the fiscal year that ended in Apr. 2022 is calculated as

	Receivables Turnover (A: Apr. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Apr. 2022 )	/ (	(Accounts Receivable (A: Apr. 2021 )	+	Accounts Receivable (A: Apr. 2022 ))	/	count )
=	30.679	/ (	(4.224	+	7.323)	/	2 )
=	30.679	/	5.7735
=	5.31

Inscape's Receivables Turnover for the quarter that ended in Oct. 2022 is calculated as

	Receivables Turnover (Q: Oct. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Oct. 2022 )	/ (	(Accounts Receivable (Q: Jul. 2022 )	+	Accounts Receivable (Q: Oct. 2022 ))	/	count )
=	6.065	/ (	(7.279	+	6.164)	/	2 )
=	6.065	/	6.7215
=	0.90

Inscape (GREY:ICPBQ) 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.

Inscape Receivables Turnover Related Terms

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Inscape (Inscape) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Inscape Corp (GREY:ICPBQ) » Definitions » Receivables Turnover

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Address

67 Toll Road, Holland Landing, ON, CAN, L9N 1H2

Website

https://www.myinscape.com

Inscape Corp is an office furniture manufacturer. Its operating segment includes Furniture and Walls. The furniture segment includes storage, benching, systems, and seating solutions. The Walls segment includes architectural and movable walls. It generates maximum revenue from the Furniture segment. Geographically, it derives a majority of revenue from the United States and also has a presence in Canada. It provides services to small and large organizations.