BQE Water (BQE Water) Receivables Turnover : 1.67 (As of Sep. 2023)

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What is BQE Water 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. BQE Water's Revenue for the three months ended in Sep. 2023 was $4.62 Mil. BQE Water's average Accounts Receivable for the three months ended in Sep. 2023 was $2.77 Mil. Hence, BQE Water's Receivables Turnover for the three months ended in Sep. 2023 was 1.67.

BQE Water Receivables Turnover Historical Data

The historical data trend for BQE Water'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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BQE Water Receivables Turnover Chart

BQE Water Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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7.59

7.30

7.59

5.56

6.11

BQE Water 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															1.58	1.36	1.09	1.57	1.67

Competitive Comparison of BQE Water's Receivables Turnover

For the Waste Management subindustry, BQE Water'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.

BQE Water's Receivables Turnover Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, BQE Water's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where BQE Water's Receivables Turnover falls into.

BQE Water Receivables Turnover Calculation

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

BQE Water'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 )
=	8.95	/ (	(1.115	+	1.817)	/	2 )
=	8.95	/	1.466
=	6.11

BQE Water'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 )
=	4.616	/ (	(2.218	+	3.321)	/	2 )
=	4.616	/	2.7695
=	1.67

BQE Water (OTCPK:BTQNF) 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.

BQE Water Receivables Turnover Related Terms

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BQE Water (BQE Water) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » BQE Water Inc (OTCPK:BTQNF) » Definitions » Receivables Turnover

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Traded in Other Exchanges

UL5A:Germany BQE:Canada

Address

900 Howe Street, Suite 250, Vancouver, BC, CAN, V6Z 2M4

Website

https://www.bqewater.com

BQE Water Inc is a service provider specializing in water treatment and management for metals mining, smelting and refining. It is helping to transform the way the industry thinks about water in the context of natural resource projects by offering services and expertise which enable more sustainable water management practices and improved overall project performance at reduced risks. BQE Water invests in innovation and has developed intellectual property through the commercialization of several new technologies at mine sites around the world for organizations including Glencore, Jiangxi Copper, Freeport-McMoRan and the US EPA. It has one operating segment, principally being an integrated water management services and treatment solutions provider.

BQE Water (BQE Water) Headlines

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