Impac Mortgage Holdings (Impac Mortgage Holdings) Receivables Turnover : 1.17 (As of Dec. 2022)

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What is Impac Mortgage Holdings 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. Impac Mortgage Holdings's Revenue for the three months ended in Dec. 2022 was $1.07 Mil. Impac Mortgage Holdings's average Accounts Receivable for the three months ended in Dec. 2022 was $0.92 Mil. Hence, Impac Mortgage Holdings's Receivables Turnover for the three months ended in Dec. 2022 was 1.17.

Impac Mortgage Holdings Receivables Turnover Historical Data

The historical data trend for Impac Mortgage Holdings'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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Impac Mortgage Holdings Receivables Turnover Chart

Impac Mortgage Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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3.28

5.83

16.66

3.02

Impac Mortgage Holdings Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Receivables Turnover	Get a 7-Day Free Trial															3.13	1.51	-	-	1.17

Competitive Comparison of Impac Mortgage Holdings's Receivables Turnover

For the Mortgage Finance subindustry, Impac Mortgage Holdings'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.

Impac Mortgage Holdings's Receivables Turnover Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Impac Mortgage Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Impac Mortgage Holdings's Receivables Turnover falls into.

Impac Mortgage Holdings Receivables Turnover Calculation

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

Impac Mortgage Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	8.595	/ (	(4.77	+	0.916)	/	2 )
=	8.595	/	2.843
=	3.02

Impac Mortgage Holdings's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Sep. 2022 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	1.071	/ (	(0	+	0.916)	/	1 )
=	1.071	/	0.916
=	1.17

Impac Mortgage Holdings (OTCPK:IMPHO.PFD) 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.

Impac Mortgage Holdings Receivables Turnover Related Terms

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Impac Mortgage Holdings (Impac Mortgage Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Impac Mortgage Holdings Inc (OTCPK:IMPHO.PFD) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

4000 MacArthur Boulevard, Suite 6000, Newport Beach, CA, USA, 92660

Website

https://www.impaccompanies.com

Impac Mortgage Holdings Inc is an independent residential mortgage lender. The company's segments include Mortgage Lending, Real Estate Services, and the Long-Term Mortgage Portfolio. The mortgage lending segment provides mortgage lending products through three lending channels, retail, wholesale, and correspondent, retains mortgage servicing rights, and provides warehouse lending facilities. Its Real estate services segment performs master servicing and provides loss mitigation services for securitized long-term mortgage portfolios, and Long-term mortgage portfolio consists of residual interests in securitization trusts.

Impac Mortgage Holdings (Impac Mortgage Holdings) Headlines

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