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K-Bro Linen (TSX:KBL) Receivables Turnover : 1.71 (As of Dec. 2024)


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What is K-Bro Linen 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. K-Bro Linen's Revenue for the three months ended in Dec. 2024 was C$95.4 Mil. K-Bro Linen's average Accounts Receivable for the three months ended in Dec. 2024 was C$55.8 Mil. Hence, K-Bro Linen's Receivables Turnover for the three months ended in Dec. 2024 was 1.71.


K-Bro Linen Receivables Turnover Historical Data

The historical data trend for K-Bro Linen'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.

* Premium members only.

K-Bro Linen Receivables Turnover Chart

K-Bro Linen Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.24 6.90 7.42 7.29 7.00

K-Bro Linen Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 1.70 1.65 1.76 1.83 1.71

Competitive Comparison of K-Bro Linen's Receivables Turnover

For the Specialty Business Services subindustry, K-Bro Linen'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.


K-Bro Linen's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, K-Bro Linen's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where K-Bro Linen's Receivables Turnover falls into.


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K-Bro Linen Receivables Turnover Calculation

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

K-Bro Linen's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Receivables Turnover (A: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2024 ) / ((Accounts Receivable (A: Dec. 2023 ) + Accounts Receivable (A: Dec. 2024 )) / count )
=373.609 / ((50.306 + 56.42) / 2 )
=373.609 / 53.363
=7.00

K-Bro Linen's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

Receivables Turnover (Q: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2024 ) / ((Accounts Receivable (Q: Sep. 2024 ) + Accounts Receivable (Q: Dec. 2024 )) / count )
=95.446 / ((55.127 + 56.42) / 2 )
=95.446 / 55.7735
=1.71

* 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.


K-Bro Linen  (TSX:KBL) 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.


K-Bro Linen Receivables Turnover Related Terms

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K-Bro Linen Business Description

Traded in Other Exchanges
Address
14903-137 Avenue N.W., Edmonton, AB, CAN, T5V 1R9
K-Bro Linen Inc is a healthcare and hospitality laundry and linen processor in Canada. It operates in cities across Canada, and has two distribution centers, providing management services and laundry processing of hospitality, healthcare, and specialty linens. The company provides vital products and services that help people heal, travel, live, and play. It helps hospitals and extended care centers care for the young, old, and vulnerable in environmentally responsible ways. It operates through two divisions, which are the Canadian division and the United Kingdom division.
Executives
Sean Philip Curtis Senior Officer
Linda Jane Mccurdy Director, Senior Officer
Ryo Utahara Senior Officer
K-bro Linen Inc. Issuer
Michael William Jones Senior Officer
Michael Barrett Percy Director
Jeffrey Ronald Gannon Senior Officer
Jerzy Marek Ostrzyzek Senior Officer
Steven Emanuel Matyas Director

K-Bro Linen Headlines

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