Maxim Power (TSX:MXG) Receivables Turnover : 2.97 (As of Sep. 2024)

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What is Maxim Power 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. Maxim Power's Revenue for the three months ended in Sep. 2024 was C$25.7 Mil. Maxim Power's average Accounts Receivable for the three months ended in Sep. 2024 was C$8.6 Mil. Hence, Maxim Power's Receivables Turnover for the three months ended in Sep. 2024 was 2.97.

Maxim Power Receivables Turnover Historical Data

The historical data trend for Maxim Power'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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Maxim Power Receivables Turnover Chart

Maxim Power Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.66

13.05

12.63

7.46

1.46

Maxim Power 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															0.22	2.41	1.96	3.15	2.97

Competitive Comparison of Maxim Power's Receivables Turnover

For the Utilities - Independent Power Producers subindustry, Maxim Power'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.

Maxim Power's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Maxim Power's Receivables Turnover distribution charts can be found below:

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

Maxim Power Receivables Turnover Calculation

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

Maxim Power'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 )
=	41.458	/ (	(0	+	28.371)	/	1 )
=	41.458	/	28.371
=	1.46

Maxim Power'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 )
=	25.659	/ (	(3.588	+	13.68)	/	2 )
=	25.659	/	8.634
=	2.97

Maxim Power (TSX:MXG) 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.

Maxim Power Receivables Turnover Related Terms

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Maxim Power Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Maxim Power Corp (TSX:MXG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

MXGFF:USA MP9:Germany

Address

715 5 Avenue Southwest, Suite 1800, Calgary, AB, CAN, T2P 2X6

Website

https://www.maximpowercorp.com

Maxim Power Corp is an independent power producer. The company is engaged in the development, ownership, and operation of power generation facilities and the resultant sale of generating capacity and electricity. It is focused entirely on power projects in Alberta. The company's core asset is the 300 MW H.R. Milner Plant (M2) in Grande Cache, AB is a state-of-the-art combined cycle gas-fired power plant that was commissioned in Q4, 2023. Further, MAXIM continues to explore further development options in Alberta, including its gas-fired generation projects and its wind power generation project.

Executives

Kevin Gregory Dyck	Senior Officer
Kimberly Lorna Karran	Senior Officer
Robert Bruce Watson	Senior Officer
Andrea Lynn Whyte	Director
Bradley John Wall	Director
Robert Emmott	Senior Officer
W. Brett Wilson	10% Security Holder, Director

Maxim Power Headlines

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