FirstService (TSX:FSV) Receivables Turnover : 1.53 (As of Sep. 2024)

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What is FirstService 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. FirstService's Revenue for the three months ended in Sep. 2024 was C$1,891 Mil. FirstService's average Accounts Receivable for the three months ended in Sep. 2024 was C$1,232 Mil. Hence, FirstService's Receivables Turnover for the three months ended in Sep. 2024 was 1.53.

FirstService Receivables Turnover Historical Data

The historical data trend for FirstService'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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FirstService Receivables Turnover Chart

FirstService Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.54

6.73

6.69

6.48

5.83

FirstService Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.50	1.36	1.39	1.51	1.53

Competitive Comparison of FirstService's Receivables Turnover

For the Real Estate Services subindustry, FirstService'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.

FirstService's Receivables Turnover Distribution in the Real Estate Industry

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

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

FirstService Receivables Turnover Calculation

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

FirstService'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 )
=	5815.23	/ (	(863.927	+	1129.944)	/	2 )
=	5815.23	/	996.9355
=	5.83

FirstService's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	1891.077	/ (	(1226.847	+	1237.361)	/	2 )
=	1891.077	/	1232.104
=	1.53

FirstService (TSX:FSV) 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.

FirstService Receivables Turnover Related Terms

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FirstService Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » FirstService Corp (TSX:FSV) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

FSV:USA 1GIA:Germany

Address

1255 Bay Street, Suite 600, Toronto, ON, CAN, M5R 2A9

Website

https://www.firstservice.com

FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high-, medium-, and low-rise condominiums and co-operatives. FirstService Brands generates most of the company's revenue and provides property services to residential and commercial customers through the following brands: California Closets; Paul Davis Restoration; CertPro Painters; Pillar to Post; Floor Coverings International; College Pro Painters; and Service America. The company earns the majority of its revenue in the United States, with the remaining revenue generated in Canada.

Executives

Erin Joy Wallace	Director
Douglas G. Cooke	Senior Officer
Jeremy Alan Rakusin	Senior Officer
Joan Eloise Sproul	Director
D. Scott Patterson	Director, Senior Officer
Alex Nguyen	Senior Officer
Yousry Bissada	Director
Jay Stewart Hennick	Director
Bernard I. Ghert	Director
Frederick Reichheld	Director
Brendan Calder	Director
Steven Grimshaw	Director
Michael Natale	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Kevin Joseph Sylvio Roy	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)