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Icarus Capital (TSXV:ICRS) Receivables Turnover : 13.26 (As of Mar. 2024)


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What is Icarus Capital 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. Icarus Capital's Revenue for the three months ended in Mar. 2024 was C$0.31 Mil. Icarus Capital's average Accounts Receivable for the three months ended in Mar. 2024 was C$0.02 Mil. Hence, Icarus Capital's Receivables Turnover for the three months ended in Mar. 2024 was 13.26.


Icarus Capital Receivables Turnover Historical Data

The historical data trend for Icarus Capital'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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Icarus Capital Receivables Turnover Chart

Icarus Capital Annual Data
Trend Dec21 Dec22 Dec23
Receivables Turnover
- - 11.23

Icarus Capital Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 11.23 13.26

Competitive Comparison of Icarus Capital's Receivables Turnover

For the Shell Companies subindustry, Icarus Capital'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.


Icarus Capital's Receivables Turnover Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Icarus Capital's Receivables Turnover distribution charts can be found below:

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



Icarus Capital Receivables Turnover Calculation

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

Icarus Capital'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 )
=0.393 / ((0 + 0.035) / 1 )
=0.393 / 0.035
=11.23

Icarus Capital's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=0.305 / ((0.035 + 0.011) / 2 )
=0.305 / 0.023
=13.26

* 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.


Icarus Capital  (TSXV:ICRS) 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.


Icarus Capital Receivables Turnover Related Terms

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Icarus Capital (TSXV:ICRS) Business Description

Traded in Other Exchanges
N/A
Address
No. 120 No. 2 Road, Suite 186, Richmond, BC, CAN, V7C 5J8
Website
Icarus Capital Corp is a capital pool company.

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