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Pizza Pizza Royalty (TSX:PZA) Receivables Turnover : 31.04 (As of Dec. 2023)


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What is Pizza Pizza Royalty 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. Pizza Pizza Royalty's Revenue for the three months ended in Dec. 2023 was C$10.52 Mil. Pizza Pizza Royalty's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.34 Mil. Hence, Pizza Pizza Royalty's Receivables Turnover for the three months ended in Dec. 2023 was 31.04.

Pizza Pizza Royalty Receivables Turnover Historical Data

The historical data trend for Pizza Pizza Royalty'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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Pizza Pizza Royalty Receivables Turnover Chart

Pizza Pizza Royalty 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 433.08 380.71 465.97 211.78 126.08

Pizza Pizza Royalty Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 34.71 24.82 23.03 27.81 31.04

Competitive Comparison of Pizza Pizza Royalty's Receivables Turnover

For the Restaurants subindustry, Pizza Pizza Royalty'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.

Pizza Pizza Royalty's Receivables Turnover Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Pizza Pizza Royalty's Receivables Turnover distribution charts can be found below:

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


Pizza Pizza Royalty Receivables Turnover Calculation

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

Pizza Pizza Royalty'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 )
=40.219 / ((0.283 + 0.355) / 2 )
=40.219 / 0.319
=126.08

Pizza Pizza Royalty'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: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=10.521 / ((0.323 + 0.355) / 2 )
=10.521 / 0.339
=31.04

* 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.

Pizza Pizza Royalty  (TSX:PZA) 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.

Pizza Pizza Royalty Receivables Turnover Related Terms

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Pizza Pizza Royalty (TSX:PZA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Pizza Pizza Royalty Corp (TSX:PZA) » Definitions » Receivables Turnover
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Traded in Other Exchanges
PZRIF:USA
Address
500 Kipling Avenue, Toronto, ON, CAN, M8Z 5E5
Website
https://www.pizzapizza.ca
Pizza Pizza Royalty Corp., through its subsidiary, Pizza Pizza Royalty Limited Partnership, owns and franchises quick-service restaurants under the Pizza Pizza and Pizza 73 brands. It offers a flavorful, varied, and high-quality menu to pizza-lovers of all ages and tastes and it is composed of more than 600 traditional and non-traditional restaurants coast to coast, employing over 3,000 Canadians. The business activity of the group primarily functions in Canada.