Reitmans (Canada) (Reitmans (Canada)) Receivables Turnover : 61.53 (As of Jan. 2024)

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What is Reitmans (Canada) 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. Reitmans (Canada)'s Revenue for the three months ended in Jan. 2024 was $164.6 Mil. Reitmans (Canada)'s average Accounts Receivable for the three months ended in Jan. 2024 was $2.7 Mil. Hence, Reitmans (Canada)'s Receivables Turnover for the three months ended in Jan. 2024 was 61.53.

Reitmans (Canada) Receivables Turnover Historical Data

The historical data trend for Reitmans (Canada)'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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Reitmans (Canada) Receivables Turnover Chart

Reitmans (Canada) Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Receivables Turnover

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100.17

63.48

72.79

141.80

234.28

Reitmans (Canada) Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															61.24	46.40	58.10	52.16	61.53

Competitive Comparison of Reitmans (Canada)'s Receivables Turnover

For the Apparel Retail subindustry, Reitmans (Canada)'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.

Reitmans (Canada)'s Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Reitmans (Canada)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Reitmans (Canada)'s Receivables Turnover falls into.

Reitmans (Canada) Receivables Turnover Calculation

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

Reitmans (Canada)'s Receivables Turnover for the fiscal year that ended in Jan. 2024 is calculated as

	Receivables Turnover (A: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jan. 2024 )	/ (	(Accounts Receivable (A: Jan. 2023 )	+	Accounts Receivable (A: Jan. 2024 ))	/	count )
=	592.035	/ (	(2.415	+	2.639)	/	2 )
=	592.035	/	2.527
=	234.28

Reitmans (Canada)'s Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Oct. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	164.631	/ (	(2.712	+	2.639)	/	2 )
=	164.631	/	2.6755
=	61.53

Reitmans (Canada) (OTCPK:RTMAF) 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.

Reitmans (Canada) Receivables Turnover Related Terms

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Reitmans (Canada) (Reitmans (Canada)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Reitmans (Canada) Ltd (OTCPK:RTMAF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

RTMNF:USA CX40:Germany RET.A:Canada RET:Canada

Address

155 Wellington Street West, 40th Floor, Toronto, ON, CAN, M5V 3J7

Website

https://www.reitmans.com

Reitmans (Canada) Ltd is an apparel retailer based in Canada. Its main business is the sale of ladies' specialty apparel to consumers. The product offering comprises Tops, Bottoms, Dresses, Coats and Jackets, Blazers, Lingerie and Sleepwear, among others. It also sells accessories such as Scarves, Bags, Belts, Sunglasses and others. The company operates an e-commerce website shopping for all its banners. Some of its revenue sources are from the sale of merchandise, customer loyalty award programs and sale of gift cards. The group offers its products through the retail banners of Reitmans, Penningtons and RW & CO. The Company's operating segments, operate in the women apparel business, in Canada.

Reitmans (Canada) (Reitmans (Canada)) Headlines

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