TOWTF (Tower One Wireless) Receivables Turnover: 4.46 (As of Sep. 2022)

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What is Tower One Wireless Receivables Turnover?

Tower One Wireless TOWTF -99.98% Receivables Turnover is 4.46 as of Sep. 2022.

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. Tower One Wireless's Revenue for the three months ended in Sep. 2022 was $6.94 Mil. Tower One Wireless's average Accounts Receivable for the three months ended in Sep. 2022 was $1.56 Mil. Hence, Tower One Wireless's Receivables Turnover for the three months ended in Sep. 2022 was 4.46.


Tower One Wireless  (OTCPK:TOWTF) 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.


Tower One Wireless Receivables Turnover Related Terms


Tower One Wireless Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Tower One Wireless'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.

Tower One Wireless Receivables Turnover Chart

Tower One Wireless Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.21 5.67 4.81 6.24 3.57

Tower One Wireless Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.18 1.25 0.81 0.81 4.46

TOWTF vs VZ, CMCSA, TMUS: Receivables Turnover Comparison

For the Telecom Services subindustry, Tower One Wireless'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.


Tower One Wireless Receivables Turnover vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Tower One Wireless's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tower One Wireless's Receivables Turnover falls into.



Tower One Wireless Receivables Turnover Calculation

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

Tower One Wireless's Receivables Turnover for the fiscal year that ended in Dec. 2021 is calculated as

Receivables Turnover (A: Dec. 2021 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2021 ) / ((Accounts Receivable (A: Dec. 2020 ) + Accounts Receivable (A: Dec. 2021 )) / count )
=8.35 / ((0.911 + 3.765) / 2 )
=8.35 / 2.338
=3.57

Tower One Wireless's Receivables Turnover for the quarter that ended in Sep. 2022 is calculated as

Receivables Turnover (Q: Sep. 2022 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Sep. 2022 ) / ((Accounts Receivable (Q: Jun. 2022 ) + Accounts Receivable (Q: Sep. 2022 )) / count )
=6.94 / ((1.202 + 1.911) / 2 )
=6.94 / 1.5565
=4.46

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 4.46 mean?
Tower One Wireless (TOWTF) has a Receivables Turnover of 4.46 as of Sep. 2022. The accounts 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. View historical data on Tower One Wireless and its competitors.
Is Tower One Wireless' Receivables Turnover too high?
Tower One Wireless' current Receivables Turnover is 4.46. The Telecommunication Services industry median Receivables Turnover is 6.16. Tower One Wireless' value of 4.46 is 27.6% below this industry median.
How does Tower One Wireless' Receivables Turnover compare to VZ and CMCSA?
Tower One Wireless' Receivables Turnover of 4.46 can be compared against companies in the Telecommunication Services industry. The industry median Receivables Turnover is 6.16. Tower One Wireless' value of 4.46 is 27.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Telecommunication Services company?
The median Receivables Turnover among Telecommunication Services companies is 6.16, based on 360 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tower One Wireless's current Receivables Turnover of 4.46 is 27.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Tower One Wireless and its competitors. For the Telecommunication Services industry, the median Receivables Turnover is 6.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tower One Wireless's current Receivables Turnover is 4.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tower One Wireless stock overvalued right now?
Tower One Wireless (TOWTF) has a current Receivables Turnover of 4.46. The current Receivables Turnover is 4.46 and 27.6% below the Telecommunication Services industry median of 6.16. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Tower One Wireless (TOWTF), the current Receivables Turnover is 4.46 as of Sep. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Tower One Wireless Business Description

Address 535 Howe Street, Suite 600, Vancouver, BC, CAN, V6C 2Z4
Tower One Wireless Corp is a Canada-based company that is a tower owner, operator, and developer of multitenant communications structures. Its primary business is leasing space on communication sites to mobile network operators. The company's geographical segments include Argentina, Colombia, Mexico, the United States of America, and others. It derives a majority of revenue from Colombia. Tower-related services include site acquisition, zoning and permitting, structural analysis, and construction, which supports the company's site leasing business, including the addition of new tenants and equipment on its sites.