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Tier One Capital LP (XCNQ:TLP.UN) Receivables Turnover : 66.00 (As of Sep. 2023)


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What is Tier One Capital LP 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. Tier One Capital LP's Revenue for the three months ended in Sep. 2023 was C$2.01 Mil. Tier One Capital LP's average Accounts Receivable for the three months ended in Sep. 2023 was C$0.03 Mil. Hence, Tier One Capital LP's Receivables Turnover for the three months ended in Sep. 2023 was 66.00.


Tier One Capital LP Receivables Turnover Historical Data

The historical data trend for Tier One Capital LP'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.

* Premium members only.

Tier One Capital LP Receivables Turnover Chart

Tier One Capital LP Annual Data
Trend Sep13 Sep14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 2.25 2.64 816.08 -

Tier One Capital LP Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - 66.00

Competitive Comparison of Tier One Capital LP's Receivables Turnover

For the Asset Management subindustry, Tier One Capital LP'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.


Tier One Capital LP's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tier One Capital LP's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tier One Capital LP's Receivables Turnover falls into.



Tier One Capital LP Receivables Turnover Calculation

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

Tier One Capital LP'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 )
=-1.937 / ((0.002 + 0.019) / 2 )
=-1.937 / 0.0105
=N/A

Tier One Capital LP'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 )
=2.013 / ((0.035 + 0.026) / 2 )
=2.013 / 0.0305
=66.00

* 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.


Tier One Capital LP  (XCNQ:TLP.UN) 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.


Tier One Capital LP Receivables Turnover Related Terms

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Tier One Capital LP (XCNQ:TLP.UN) Business Description

Traded in Other Exchanges
N/A
Address
56 The Esplanade, Suite 503, Toronto, ON, CAN, M5E 1A7
Tier One Capital LP invests in the debt securities of eligible businesses which have the potential for long-term growth. It invests in different sectors such as Media Technology, Health Care Information Technology, Security Software and Services, Other Technology and Financial, and Energy.

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