Green Impact Partners (TSXV:GIP) Receivables Turnover : 11.45 (As of Sep. 2023)

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What is Green Impact Partners 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. Green Impact Partners's Revenue for the three months ended in Sep. 2023 was C$46.1 Mil. Green Impact Partners's average Accounts Receivable for the three months ended in Sep. 2023 was C$4.0 Mil. Hence, Green Impact Partners's Receivables Turnover for the three months ended in Sep. 2023 was 11.45.

Green Impact Partners Receivables Turnover Historical Data

The historical data trend for Green Impact Partners'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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Green Impact Partners Receivables Turnover Chart

Green Impact Partners Annual Data

Trend

Dec20

Dec21

Dec22

Receivables Turnover

66.73

52.89

63.85

Green Impact Partners Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial									16.59	13.05	13.04	12.78	11.45

Competitive Comparison of Green Impact Partners's Receivables Turnover

For the Utilities - Renewable subindustry, Green Impact Partners'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.

Green Impact Partners's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Green Impact Partners's Receivables Turnover falls into.

Green Impact Partners Receivables Turnover Calculation

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

Green Impact Partners's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	213.738	/ (	(3.441	+	3.254)	/	2 )
=	213.738	/	3.3475
=	63.85

Green Impact Partners's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	46.141	/ (	(3.473	+	4.589)	/	2 )
=	46.141	/	4.031
=	11.45

Green Impact Partners (TSXV:GIP) 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.

Green Impact Partners Receivables Turnover Related Terms

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Green Impact Partners (TSXV:GIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Green Impact Partners Inc (TSXV:GIP) » Definitions » Receivables Turnover

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Traded in Other Exchanges

04B:Germany

Address

2207 - 4th Street S.W., Suite 400, Calgary, AB, CAN, T2S 1X1

Website

https://www.greenipi.com

Green Impact Partners Inc is a clean energy company with an operating portfolio of water and solids treatment and recycling facilities in North America. The company also has a portfolio of renewable natural gas and clean energy development projects. Its services include water and solids recycling management, disposal services, and energy product optimization services. Its operating segments are Water and Industrial, and Energy Production. The Water and Industrial segment consists of water, waste, and solids disposal and recycling services as well as other marketing operations. The Energy Production segment is currently comprised of multiple pre-production renewable energy projects.

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