PAPL (Pineapple Financial) Receivables Turnover : 28.15 (As of Nov. 2024)

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What is Pineapple Financial 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. Pineapple Financial's Revenue for the three months ended in Nov. 2024 was $4.76 Mil. Pineapple Financial's average Accounts Receivable for the three months ended in Nov. 2024 was $0.17 Mil. Hence, Pineapple Financial's Receivables Turnover for the three months ended in Nov. 2024 was 28.15.

Pineapple Financial Receivables Turnover Historical Data

The historical data trend for Pineapple Financial'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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Pineapple Financial Receivables Turnover Chart

Pineapple Financial Annual Data

Trend

Aug21

Aug22

Aug23

Aug24

Receivables Turnover

2,984.00

211.82

41.50

38.48

Pineapple Financial Quarterly Data
	Aug21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Receivables Turnover	Get a 7-Day Free Trial								5.12	1.01	1.75	102.05	28.15

Competitive Comparison of Pineapple Financial's Receivables Turnover

For the Mortgage Finance subindustry, Pineapple Financial'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.

Pineapple Financial's Receivables Turnover Distribution in the Banks Industry

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

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

Pineapple Financial Receivables Turnover Calculation

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

Pineapple Financial's Receivables Turnover for the fiscal year that ended in Aug. 2024 is calculated as

	Receivables Turnover (A: Aug. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Aug. 2024 )	/ (	(Accounts Receivable (A: Aug. 2023 )	+	Accounts Receivable (A: Aug. 2024 ))	/	count )
=	17.585	/ (	(0.759	+	0.155)	/	2 )
=	17.585	/	0.457
=	38.48

Pineapple Financial's Receivables Turnover for the quarter that ended in Nov. 2024 is calculated as

	Receivables Turnover (Q: Nov. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Nov. 2024 )	/ (	(Accounts Receivable (Q: Aug. 2024 )	+	Accounts Receivable (Q: Nov. 2024 ))	/	count )
=	4.758	/ (	(0.155	+	0.183)	/	2 )
=	4.758	/	0.169
=	28.15

Pineapple Financial (AMEX:PAPL) 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.

Pineapple Financial Receivables Turnover Related Terms

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Pineapple Financial Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Gordon Baker Road, Unit 200, North York, Toronto, ON, CAN, M2H 3R1

Website

https://www.gopineapple.com

Pineapple Financial Inc is a Canada-based mortgage technology and brokerage company that provides mortgage brokerage services and technology solutions to Canadian mortgage agents, brokers, sub-brokers, brokerages, and consumers. Through its data-driven systems together with cloud-based tools, it offers advantages in the Canadian mortgage industry relative to alternative mortgage broker arrangements and also provides back office services.