Altus Group (TSX:AIF) Receivables Turnover : 0.78 (As of Mar. 2024)

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What is Altus Group 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. Altus Group's Revenue for the three months ended in Mar. 2024 was C$199.5 Mil. Altus Group's average Accounts Receivable for the three months ended in Mar. 2024 was C$254.3 Mil. Hence, Altus Group's Receivables Turnover for the three months ended in Mar. 2024 was 0.78.

Altus Group Receivables Turnover Historical Data

The historical data trend for Altus Group'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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Altus Group Receivables Turnover Chart

Altus Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.13

2.99

3.00

3.07

3.05

Altus Group 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															0.72	0.71	0.64	0.74	0.78

Competitive Comparison of Altus Group's Receivables Turnover

For the Real Estate Services subindustry, Altus Group'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.

Altus Group's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Altus Group's Receivables Turnover distribution charts can be found below:

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

Altus Group Receivables Turnover Calculation

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

Altus Group's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	772.843	/ (	(255.518	+	250.462)	/	2 )
=	772.843	/	252.99
=	3.05

Altus Group'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 )
=	199.543	/ (	(250.462	+	258.125)	/	2 )
=	199.543	/	254.2935
=	0.78

Altus Group (TSX:AIF) 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.

Altus Group Receivables Turnover Related Terms

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Altus Group (TSX:AIF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Altus Group Ltd (TSX:AIF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ASGTF:USA

Address

33 Yonge Street, Suite 500, Toronto, ON, CAN, M5E 1G4

Website

https://www.altusgroup.com

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Property Tax, Analytics; and under CRE Consulting services, and Appraisals and Development Advisory. It generates maximum revenue from the Analytics; and under CRE Consulting services segment. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.

Executives

Alex Probyn

Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)