IBI Group (TSX:IBG) Receivables Turnover : 1.07 (As of Jun. 2022)

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What is IBI 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. IBI Group's Revenue for the three months ended in Jun. 2022 was C$161.3 Mil. IBI Group's average Accounts Receivable for the three months ended in Jun. 2022 was C$150.5 Mil. Hence, IBI Group's Receivables Turnover for the three months ended in Jun. 2022 was 1.07.

IBI Group Receivables Turnover Historical Data

The historical data trend for IBI 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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IBI Group Receivables Turnover Chart

IBI Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Receivables Turnover

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4.36

4.10

4.26

4.16

IBI Group Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Receivables Turnover	Get a 7-Day Free Trial															1.10	1.06	1.07	0.97	1.07

Competitive Comparison of IBI Group's Receivables Turnover

For the Engineering & Construction subindustry, IBI 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.

IBI Group's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, IBI Group's Receivables Turnover distribution charts can be found below:

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

IBI Group Receivables Turnover Calculation

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

IBI Group's Receivables Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Receivables Turnover (A: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2021 )	/ (	(Accounts Receivable (A: Dec. 2020 )	+	Accounts Receivable (A: Dec. 2021 ))	/	count )
=	556.51	/ (	(127.347	+	140.064)	/	2 )
=	556.51	/	133.7055
=	4.16

IBI Group's Receivables Turnover for the quarter that ended in Jun. 2022 is calculated as

	Receivables Turnover (Q: Jun. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2022 )	/ (	(Accounts Receivable (Q: Mar. 2022 )	+	Accounts Receivable (Q: Jun. 2022 ))	/	count )
=	161.311	/ (	(150.553	+	150.379)	/	2 )
=	161.311	/	150.466
=	1.07

IBI Group (TSX:IBG) 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.

IBI Group Receivables Turnover Related Terms

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IBI Group (TSX:IBG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » IBI Group Inc (TSX:IBG) » Definitions » Receivables Turnover

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Address

55 St. Clair Avenue West, 7th Floor, Toronto, ON, CAN, M4V 2Y7

Website

https://www.ibigroup.com

IBI Group Inc is a Canada-based engineering services provider. The company plans, designs, implements, as well as offers other consulting services and software development for its intelligence, buildings, and infrastructure business segments. It offers various services, including architecture, engineering, interiors, landscape architecture, planning, and urban design. Its geographical segments are Canada, the United States, the United Kingdom, and other International.

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