Vision Marine Technologies (Vision Marine Technologies) Receivables Turnover : 14.79 (As of Feb. 2024)

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What is Vision Marine Technologies 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. Vision Marine Technologies's Revenue for the three months ended in Feb. 2024 was $0.54 Mil. Vision Marine Technologies's average Accounts Receivable for the three months ended in Feb. 2024 was $0.04 Mil. Hence, Vision Marine Technologies's Receivables Turnover for the three months ended in Feb. 2024 was 14.79.

Vision Marine Technologies Receivables Turnover Historical Data

The historical data trend for Vision Marine Technologies'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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Vision Marine Technologies Receivables Turnover Chart

Vision Marine Technologies Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Receivables Turnover

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70.89

32.63

132.81

108.40

65.53

Vision Marine Technologies Quarterly Data
	Aug18	Feb19	Aug19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															3.95	3.56	9.34	16.53	14.79

Competitive Comparison of Vision Marine Technologies's Receivables Turnover

For the Recreational Vehicles subindustry, Vision Marine Technologies'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.

Vision Marine Technologies's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Vision Marine Technologies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Vision Marine Technologies's Receivables Turnover falls into.

Vision Marine Technologies Receivables Turnover Calculation

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

Vision Marine Technologies's Receivables Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Receivables Turnover (A: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Aug. 2023 )	/ (	(Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )
=	4.194	/ (	(0.084	+	0.044)	/	2 )
=	4.194	/	0.064
=	65.53

Vision Marine Technologies's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	0.54	/ (	(0.043	+	0.03)	/	2 )
=	0.54	/	0.0365
=	14.79

Vision Marine Technologies (NAS:VMAR) 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.

Vision Marine Technologies Receivables Turnover Related Terms

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Vision Marine Technologies (Vision Marine Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vision Marine Technologies Inc (NAS:VMAR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

730 Boulevard du Cure-Boivin, Boisbriand, Montreal, QC, CAN, J7G 2A7

Website

https://www.visionmarinetechnologies.com

Vision Marine Technologies Inc is in the business of designing and manufacturing electric outboard powertrain systems, power boats, and related technology and the renting of electric boats. The different models of the powerboats and electric boats manufactured by the company includes, Bruce 22, Fantail 217, Volt 180 and others. The company operates in two reportable business segments; Sale of electric boats and Rental of electric boats. The majority of the revenue for the company is generated from its Rental of electric boats segment. Geographically, the company generates revenue from its business in Canada, USA and other countries. A substantial portion of the overall revenue is generated from its business in USA.