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Mackenzie Master LP (TSX:MKZ.UN) Receivables Turnover : 3.72 (As of Dec. 2023)


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What is Mackenzie Master LP 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. Mackenzie Master LP's Revenue for the six months ended in Dec. 2023 was C$0.37 Mil. Mackenzie Master LP's average Accounts Receivable for the six months ended in Dec. 2023 was C$0.10 Mil. Hence, Mackenzie Master LP's Receivables Turnover for the six months ended in Dec. 2023 was 3.72.


Mackenzie Master LP Receivables Turnover Historical Data

The historical data trend for Mackenzie Master LP'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.

Mackenzie Master LP Receivables Turnover Chart

Mackenzie Master LP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.09 11.42 12.39 12.03 13.54

Mackenzie Master LP Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 5.66 2.96 2.71 3.65 3.72

Competitive Comparison of Mackenzie Master LP's Receivables Turnover

For the Asset Management subindustry, Mackenzie Master LP'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.


Mackenzie Master LP's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Mackenzie Master LP's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mackenzie Master LP's Receivables Turnover falls into.



Mackenzie Master LP Receivables Turnover Calculation

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

Mackenzie Master LP'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 )
=0.738 / ((0.058 + 0.051) / 2 )
=0.738 / 0.0545
=13.54

Mackenzie Master LP's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Jun. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=0.366 / ((0.146 + 0.051) / 2 )
=0.366 / 0.0985
=3.72

* 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.


Mackenzie Master LP  (TSX:MKZ.UN) 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.


Mackenzie Master LP Receivables Turnover Related Terms

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Mackenzie Master LP (TSX:MKZ.UN) Business Description

Traded in Other Exchanges
N/A
Address
180 Queen Street West, Toronto, ON, CAN, M5V 3K1
Mackenzie Master LP is a Canada-based company engaged in the provision of investment advisory services. It offers a variety of products and services such as exchange-traded funds, multi-asset solutions, and mutual funds, among others.

Mackenzie Master LP (TSX:MKZ.UN) Headlines

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