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TransAlta (TSX:TA.PR.F.PFD) Receivables Turnover : 1.03 (As of Sep. 2024)


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What is TransAlta 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. TransAlta's Revenue for the three months ended in Sep. 2024 was C$638.00 Mil. TransAlta's average Accounts Receivable for the three months ended in Sep. 2024 was C$619.50 Mil. Hence, TransAlta's Receivables Turnover for the three months ended in Sep. 2024 was 1.03.


TransAlta Receivables Turnover Historical Data

The historical data trend for TransAlta'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.

TransAlta Receivables Turnover Chart

TransAlta 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 4.71 4.74 5.51 3.58 3.80

TransAlta 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 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 1.55 1.03 1.78 1.26 1.03

Competitive Comparison of TransAlta's Receivables Turnover

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


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

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

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



TransAlta Receivables Turnover Calculation

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

TransAlta'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 )
=3355 / ((1165 + 600) / 2 )
=3355 / 882.5
=3.80

TransAlta'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 )
=638 / ((456 + 783) / 2 )
=638 / 619.5
=1.03

* 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.


TransAlta  (TSX:TA.PR.F.PFD) 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.


TransAlta Receivables Turnover Related Terms

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TransAlta Business Description

Address
1100 1st Street SE, TransAlta Place, Suite 1400, Calgary, AB, CAN, T2G 1B1
TransAlta Corp is an independent power producer based in Alberta, Canada. The company operates a diverse and growing fleet of electrical power generation assets in Canada, the United States, and Australia. The company has six reportable segments namely, hydro, wind & solar, Energy Marketing, gas, energy transition segment and Corporate Segment. The company generates the majority of its revenue from the gas segment.

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