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New Look Vision Group (TSX:BCI) Receivables Turnover : 8.83 (As of Mar. 2021)


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What is New Look Vision 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. New Look Vision Group's Revenue for the three months ended in Mar. 2021 was C$86.6 Mil. New Look Vision Group's average Accounts Receivable for the three months ended in Mar. 2021 was C$9.8 Mil. Hence, New Look Vision Group's Receivables Turnover for the three months ended in Mar. 2021 was 8.83.


New Look Vision Group Receivables Turnover Historical Data

The historical data trend for New Look Vision 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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New Look Vision Group Receivables Turnover Chart

New Look Vision Group Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 90.99 57.94 47.04 40.05 32.97

New Look Vision Group Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
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 6.86 1.94 5.36 7.53 8.83

Competitive Comparison of New Look Vision Group's Receivables Turnover

For the Specialty Retail subindustry, New Look Vision 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.


New Look Vision Group's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, New Look Vision Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where New Look Vision Group's Receivables Turnover falls into.



New Look Vision Group Receivables Turnover Calculation

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

New Look Vision Group's Receivables Turnover for the fiscal year that ended in Dec. 2020 is calculated as

Receivables Turnover (A: Dec. 2020 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2020 ) / ((Accounts Receivable (A: Dec. 2019 ) + Accounts Receivable (A: Dec. 2020 )) / count )
=274.739 / ((8.065 + 8.602) / 2 )
=274.739 / 8.3335
=32.97

New Look Vision Group's Receivables Turnover for the quarter that ended in Mar. 2021 is calculated as

Receivables Turnover (Q: Mar. 2021 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2021 ) / ((Accounts Receivable (Q: Dec. 2020 ) + Accounts Receivable (Q: Mar. 2021 )) / count )
=86.583 / ((8.602 + 11.001) / 2 )
=86.583 / 9.8015
=8.83

* 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.


New Look Vision Group  (TSX:BCI) 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.


New Look Vision Group Receivables Turnover Related Terms

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New Look Vision Group (TSX:BCI) Business Description

Traded in Other Exchanges
N/A
Address
1 Place Ville-Marie, Suite 3670, Montreal, QC, CAN, H3B 3P2
New Look Vision Group Inc is an operator of retail stores in Canada. Its main business is that of eye care products and services which function under four main banners: New Look Eyewear, Greiche and Scaff, Vogue Optical, and Iris The Visual Group.

New Look Vision Group (TSX:BCI) Headlines

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