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ECN Capital (ECN Capital) Receivables Turnover : 0.17 (As of Dec. 2023)


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What is ECN Capital 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. ECN Capital's Revenue for the three months ended in Dec. 2023 was $27.1 Mil. ECN Capital's average Accounts Receivable for the three months ended in Dec. 2023 was $157.1 Mil. Hence, ECN Capital's Receivables Turnover for the three months ended in Dec. 2023 was 0.17.


ECN Capital Receivables Turnover Historical Data

The historical data trend for ECN Capital'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.

ECN Capital Receivables Turnover Chart

ECN Capital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.42 1.32 0.83 0.93 0.86

ECN Capital Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.23 0.20 0.17 0.23 0.17

Competitive Comparison of ECN Capital's Receivables Turnover

For the Mortgage Finance subindustry, ECN Capital'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.


ECN Capital's Receivables Turnover Distribution in the Banks Industry

For the Banks industry and Financial Services sector, ECN Capital's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where ECN Capital's Receivables Turnover falls into.



ECN Capital Receivables Turnover Calculation

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

ECN Capital'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 )
=159.85 / ((239.551 + 134.034) / 2 )
=159.85 / 186.7925
=0.86

ECN Capital's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=27.135 / ((180.115 + 134.034) / 2 )
=27.135 / 157.0745
=0.17

* 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.


ECN Capital  (OTCPK:ECNCF) 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.


ECN Capital Receivables Turnover Related Terms

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ECN Capital (ECN Capital) Business Description

Traded in Other Exchanges
Address
161 Bay Street, Suite 2800, Toronto, ON, CAN, M5J2S1
ECN Capital Corp is a financial business service provider. The group originates, manages, and advises on credit assets on behalf of its partners, specifically consumer loans and commercial loans. The company's operating segment includes Manufactured Housing Finance, and Recreational Vehicle and Marine (RV and Marine) Finance.