Pathfinder Ventures (TSXV:RV) Receivables Turnover : 6.64 (As of Sep. 2024)

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What is Pathfinder Ventures 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. Pathfinder Ventures's Revenue for the three months ended in Sep. 2024 was C$1.58 Mil. Pathfinder Ventures's average Accounts Receivable for the three months ended in Sep. 2024 was C$0.24 Mil. Hence, Pathfinder Ventures's Receivables Turnover for the three months ended in Sep. 2024 was 6.64.

Pathfinder Ventures Receivables Turnover Historical Data

The historical data trend for Pathfinder Ventures'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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Pathfinder Ventures Receivables Turnover Chart

Pathfinder Ventures Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

1.00

36.21

64.21

19.75

Pathfinder Ventures Quarterly Data
	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												5.54	1.74	1.70	3.35	6.64

Competitive Comparison of Pathfinder Ventures's Receivables Turnover

For the Resorts & Casinos subindustry, Pathfinder Ventures'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.

Pathfinder Ventures's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Pathfinder Ventures's Receivables Turnover distribution charts can be found below:

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

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Pathfinder Ventures Receivables Turnover Calculation

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

Pathfinder Ventures'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 )
=	3.367	/ (	(0.078	+	0.263)	/	2 )
=	3.367	/	0.1705
=	19.75

Pathfinder Ventures'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 )
=	1.577	/ (	(0.24	+	0.235)	/	2 )
=	1.577	/	0.2375
=	6.64

Pathfinder Ventures (TSXV:RV) 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.

Pathfinder Ventures Receivables Turnover Related Terms

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Pathfinder Ventures Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Pathfinder Ventures Inc (TSXV:RV) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

RVRVF:USA RVF0:Germany

Address

9451 Glover Road, PO Box 610, Fort Langley, BC, CAN, V1M 2R9

Website

https://www.pathfinderventures.ca

Pathfinder Ventures Inc develops a network of branded, upscale, and family-friendly RV parks and campgrounds under the Pathfinder Camp-Resorts name. It has three camp resorts located in B.C. and is focused on growing its network through both acquisitions and new construction.

Executives

Leonard William Brownlie	Director
Joseph Bleackley	Director, Senior Officer
Mark Joseph Accardi	Director
Stan Duckworth	Director

Pathfinder Ventures Headlines

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