E Automotive (TSX:EINC) Receivables Turnover : 0.44 (As of Mar. 2023)

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What is E Automotive 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. E Automotive's Revenue for the three months ended in Mar. 2023 was C$42.1 Mil. E Automotive's average Accounts Receivable for the three months ended in Mar. 2023 was C$95.2 Mil. Hence, E Automotive's Receivables Turnover for the three months ended in Mar. 2023 was 0.44.

E Automotive Receivables Turnover Historical Data

The historical data trend for E Automotive'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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E Automotive Receivables Turnover Chart

E Automotive Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

3.47

4.31

2.58

2.11

E Automotive Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Receivables Turnover	Get a 7-Day Free Trial									0.36	0.37	0.37	0.40	0.44

Competitive Comparison of E Automotive's Receivables Turnover

For the Auto & Truck Dealerships subindustry, E Automotive'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.

E Automotive's Receivables Turnover Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where E Automotive's Receivables Turnover falls into.

E Automotive Receivables Turnover Calculation

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

E Automotive'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 )
=	149.517	/ (	(68.718	+	72.934)	/	2 )
=	149.517	/	70.826
=	2.11

E Automotive's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	42.126	/ (	(72.934	+	117.485)	/	2 )
=	42.126	/	95.2095
=	0.44

E Automotive (TSX:EINC) 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.

E Automotive Receivables Turnover Related Terms

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E Automotive (TSX:EINC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » E Automotive Inc (TSX:EINC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

EICCF:USA

Address

10 Lower Spadina Avenue, Suite 400 and Suite 500, Toronto, ON, CAN, M5V 2Z2

Website

https://www.e.inc

E Automotive Inc is engaged in providing digital automotive dealer solutions. Its digital car auction platform focuses on providing a marketplace that enables automotive dealers to transact with each other more effectively. It operates in a single segment, which is marketplace services, inventory retailing software, and digital advertisement. Revenue is generated in the form of Auction fees, Ancillary services, Subscription fees, and Advertising. The company's geographical segments are Canada and the United States, of which the majority of its revenue comes from Canada.