NFI Group (TSX:NFI) Receivables Turnover : 1.69 (As of Mar. 2024)

View and export this data going back to 2005. Start your Free Trial

What is NFI Group 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. NFI Group's Revenue for the three months ended in Mar. 2024 was C$978 Mil. NFI Group's average Accounts Receivable for the three months ended in Mar. 2024 was C$580 Mil. Hence, NFI Group's Receivables Turnover for the three months ended in Mar. 2024 was 1.69.

NFI Group Receivables Turnover Historical Data

The historical data trend for NFI Group'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.

NFI Group Receivables Turnover Chart

NFI Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

6.91

5.57

6.23

6.16

7.10

NFI Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.57	1.63	1.62	1.83	1.69

Competitive Comparison of NFI Group's Receivables Turnover

For the Auto Manufacturers subindustry, NFI Group'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.

NFI Group's Receivables Turnover Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where NFI Group's Receivables Turnover falls into.

NFI Group Receivables Turnover Calculation

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

NFI Group'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 )
=	3602.506	/ (	(437.709	+	577.238)	/	2 )
=	3602.506	/	507.4735
=	7.10

NFI Group's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	978.313	/ (	(577.238	+	583.615)	/	2 )
=	978.313	/	580.4265
=	1.69

NFI Group (TSX:NFI) 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.

NFI Group Receivables Turnover Related Terms

Thank you for viewing the detailed overview of NFI Group's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

NFI Group (TSX:NFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NFI Group Inc (TSX:NFI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

NFYEF:USA 9NF:Germany

Address

711 Kernaghan Avenue, Winnipeg, MB, CAN, R2C 3T4

Website

https://www.nfigroup.com

NFI Group Inc is a global bus manufacturer providing a comprehensive suite of mass transportation solutions under brands: New Flyer(heavy-duty transit buses), Alexander Dennis Limited ("ADL") (single and double-deck buses), Plaxton (motor coaches), MCI (motor coaches), ARBOC Specialty Vehicles, LLC ("ARBOC") (low-floor cutaway and medium-duty buses) and NFI Parts (aftermarket parts sales). The Company has two reportable segments which are the Company's strategic business units: Manufacturing Operations and Aftermarket Operations. It generates majority revenue from Manufacturing Operations.

Executives

Phyllis Elaine Cochran	Director
Jannet Walker-ford	Director

NFI Group (TSX:NFI) Headlines

No Headlines