Westshore Terminals Investment (Westshore Terminals Investment) Receivables Turnover : 2.41 (As of Dec. 2023)

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What is Westshore Terminals Investment 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. Westshore Terminals Investment's Revenue for the three months ended in Dec. 2023 was $70.7 Mil. Westshore Terminals Investment's average Accounts Receivable for the three months ended in Dec. 2023 was $29.3 Mil. Hence, Westshore Terminals Investment's Receivables Turnover for the three months ended in Dec. 2023 was 2.41.

Westshore Terminals Investment Receivables Turnover Historical Data

The historical data trend for Westshore Terminals Investment'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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Westshore Terminals Investment Receivables Turnover Chart

Westshore Terminals Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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22.36

23.51

25.83

24.33

15.09

Westshore Terminals Investment 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															4.14	4.92	3.12	2.92	2.41

Competitive Comparison of Westshore Terminals Investment's Receivables Turnover

For the Marine Shipping subindustry, Westshore Terminals Investment'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.

Westshore Terminals Investment's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Westshore Terminals Investment's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Westshore Terminals Investment's Receivables Turnover falls into.

Westshore Terminals Investment Receivables Turnover Calculation

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

Westshore Terminals Investment'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 )
=	283.986	/ (	(6.467	+	31.172)	/	2 )
=	283.986	/	18.8195
=	15.09

Westshore Terminals Investment'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 )
=	70.704	/ (	(27.41	+	31.172)	/	2 )
=	70.704	/	29.291
=	2.41

Westshore Terminals Investment (OTCPK:WTSHF) 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.

Westshore Terminals Investment Receivables Turnover Related Terms

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Westshore Terminals Investment (Westshore Terminals Investment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Westshore Terminals Investment Corp (OTCPK:WTSHF) » Definitions » Receivables Turnover

Traded in Other Exchanges

WTE:Canada

Address

1067 West Cordova Street, Suite 1800, Vancouver, BC, CAN, V6C 1C7

Website

https://www.westshore.com

Westshore Terminals Investment Corporation is a Canada-based company, which owns the Westshore Terminals Limited Partnership. The company operates a coal storage and loading terminal at Roberts Bank, British Columbia, and revenue is derived from rates charged for loading coal onto seagoing vessels. The company services coal from mines in British Columbia, Alberta, and the northwestern United States. The coal is delivered to the terminal in unit trains and then unloaded and transferred onto a ship. It is then shipped to multiple countries across the world, with the majority headed to Japan, Korea and China.

Westshore Terminals Investment (Westshore Terminals Investment) Headlines

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