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Rumbu Holdings (TSXV:RMB) Receivables Turnover : 2.83 (As of Sep. 2024)


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What is Rumbu Holdings 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. Rumbu Holdings's Revenue for the three months ended in Sep. 2024 was C$0.93 Mil. Rumbu Holdings's average Accounts Receivable for the three months ended in Sep. 2024 was C$0.33 Mil. Hence, Rumbu Holdings's Receivables Turnover for the three months ended in Sep. 2024 was 2.83.


Rumbu Holdings Receivables Turnover Historical Data

The historical data trend for Rumbu Holdings'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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Rumbu Holdings Receivables Turnover Chart

Rumbu Holdings Annual Data
Trend Jun21 Jun22 Jun23
Receivables Turnover
- - -

Rumbu Holdings Quarterly Data
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 - 13.32 4.14 2.43 2.83

Competitive Comparison of Rumbu Holdings's Receivables Turnover

For the Personal Services subindustry, Rumbu Holdings'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.


Rumbu Holdings's Receivables Turnover Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Rumbu Holdings's Receivables Turnover distribution charts can be found below:

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



Rumbu Holdings Receivables Turnover Calculation

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

Rumbu Holdings's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Receivables Turnover (A: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2023 ) / ((Accounts Receivable (A: Jun. 2022 ) + Accounts Receivable (A: Jun. 2023 )) / count )
=0 / ((0 + 0) / 1 )
=0 / 0
=N/A

Rumbu Holdings'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 )
=0.93 / ((0.123 + 0.534) / 2 )
=0.93 / 0.3285
=2.83

* 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.


Rumbu Holdings  (TSXV:RMB) 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.


Rumbu Holdings Receivables Turnover Related Terms

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Rumbu Holdings Business Description

Traded in Other Exchanges
N/A
Address
No. 1150, 707 7th Avenue SW, Calgary, AB, CAN, T2R 1J4
Website
Rumbu Holdings Ltd operates in the funeral business providing funeral and cremation services to the public in its market area.

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