Canso Select Opportunities Fund (TSX:SCW.UN) Receivables Turnover: 0.00 (As of Jun. 2018)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Canso Select Opportunities Fund Receivables Turnover?

Canso Select Opportunities Fund TSX:SCW.UN Receivables Turnover is 0.00 as of Jun. 2018.

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. Canso Select Opportunities Fund's Revenue for the six months ended in Jun. 2018 was C$0.64 Mil. Canso Select Opportunities Fund's average Accounts Receivable for the six months ended in Jun. 2018 was C$0.00 Mil.

Canso Select Opportunities Fund  (TSX:SCW.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.

Canso Select Opportunities Fund Receivables Turnover Related Terms

Canso Select Opportunities Fund Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Canso Select Opportunities Fund'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.

Canso Select Opportunities Fund Receivables Turnover Chart

Canso Select Opportunities Fund Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17
Receivables Turnover
0.00 1,039.26 0.00 12.80 0.00

Canso Select Opportunities Fund Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 37.86 4.76 4.67 0.00

Canso Select Opportunities Fund Receivables Turnover Competitor Comparison

For the Asset Management subindustry, Canso Select Opportunities Fund'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.

Canso Select Opportunities Fund Receivables Turnover vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Canso Select Opportunities Fund's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Canso Select Opportunities Fund's Receivables Turnover falls into.


Canso Select Opportunities Fund Receivables Turnover Calculation

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

Canso Select Opportunities Fund's Receivables Turnover for the fiscal year that ended in Dec. 2017 is calculated as

Receivables Turnover (A: Dec. 2017 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2017 ) / ((Accounts Receivable (A: Dec. 2016 ) + Accounts Receivable (A: Dec. 2017 )) / count )
=8.71 / ((0 + 0) / 1 )
=8.71 / 0
=N/A

Canso Select Opportunities Fund's Receivables Turnover for the quarter that ended in Jun. 2018 is calculated as

Receivables Turnover (Q: Jun. 2018 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Jun. 2018 ) / ((Accounts Receivable (Q: Dec. 2017 ) + Accounts Receivable (Q: Jun. 2018 )) / count )
=0.643 / ((0 + 0) / 1 )
=0.643 / 0
=N/A

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 0.00 mean?
Canso Select Opportunities Fund (TSX:SCW.UN) has a Receivables Turnover of 0.00 as of Jun. 2018. The accounts 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. View historical data on Canso Select Opportunities Fund and its competitors.
Is Canso Select Opportunities Fund's Receivables Turnover too high?
Canso Select Opportunities Fund's current Receivables Turnover is 0.00.
How does Canso Select Opportunities Fund's Receivables Turnover compare to competitors?
Canso Select Opportunities Fund's Receivables Turnover of 0.00 can be compared against companies in the Asset Management industry. The industry median Receivables Turnover is 7.96. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for an Asset Management company?
The median Receivables Turnover among Asset Management companies is 7.96, based on 531 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Canso Select Opportunities Fund and its competitors. For the Asset Management industry, the median Receivables Turnover is 7.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canso Select Opportunities Fund's current Receivables Turnover is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canso Select Opportunities Fund stock overvalued right now?
Canso Select Opportunities Fund (TSX:SCW.UN) has a current Receivables Turnover of 0.00. The current Receivables Turnover is 0.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Canso Select Opportunities Fund (TSX:SCW.UN), the current Receivables Turnover is 0.00 as of Jun. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Canso Select Opportunities Fund Business Description

Address 4000 - 3080 Yonge Street, Toronto, ON, CAN, M4N 3N1
Canso Select Opportunities Fund is a Canadian closed-end investment fund which seeks to maximize total returns for unitholders and provide attractive monthly cash distributions. The fund invests in an actively managed and diversified portfolio of corporate bonds and equities. The revenue generated by the company includes interest, dividend, accrued interest, income on investment and other income.