Canada Goose Holdings (LTS:0UNA) Receivables Turnover : 3.84 (As of Mar. 2024)

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What is Canada Goose 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. Canada Goose Holdings's Revenue for the three months ended in Mar. 2024 was C$358 Mil. Canada Goose Holdings's average Accounts Receivable for the three months ended in Mar. 2024 was C$93 Mil. Hence, Canada Goose Holdings's Receivables Turnover for the three months ended in Mar. 2024 was 3.84.

Canada Goose Holdings Receivables Turnover Historical Data

The historical data trend for Canada Goose 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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Canada Goose Holdings Receivables Turnover Chart

Canada Goose Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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36.85

33.35

50.04

46.45

30.49

Canada Goose Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															3.83	2.48	3.42	4.77	3.84

Competitive Comparison of Canada Goose Holdings's Receivables Turnover

For the Apparel Manufacturing subindustry, Canada Goose 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.

Canada Goose Holdings's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Canada Goose Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Canada Goose Holdings's Receivables Turnover falls into.

Canada Goose Holdings Receivables Turnover Calculation

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

Canada Goose Holdings's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	1333.8	/ (	(30.4	+	57.1)	/	2 )
=	1333.8	/	43.75
=	30.49

Canada Goose Holdings'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 )
=	358	/ (	(129.4	+	57.1)	/	2 )
=	358	/	93.25
=	3.84

Canada Goose Holdings (LTS:0UNA) 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.

Canada Goose Holdings Receivables Turnover Related Terms

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Canada Goose Holdings (LTS:0UNA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Canada Goose Holdings Inc (LTS:0UNA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

GOOS:USA 1GC:Germany 1GC:Germany GOOS:Canada

Address

250 Bowie Avenue, Toronto, ON, CAN, M6E 4Y2

Website

https://www.canadagoose.com

Canada Goose Holdings Inc is a Canada based company that designs, manufactures, distributes, and retails premium outerwear for men, women, and children. It operates business through three segments namely, Wholesale and Direct to Consumer (DTC), Other. The DTC segment, which is the key revenue driver, comprises sales through country-specific e-commerce platforms and its company-owned retail stores located in luxury shopping locations. The Wholesale segment comprises sales made to a mix of functional and fashionable retailers, including major luxury department stores, outdoor specialty stores, and individual shops, and international distributors. Geographically, it has a presence in Canada, the United States, Asia, Europe, and the Rest of the World.

Canada Goose Holdings (LTS:0UNA) Headlines

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