Mount Logan Capital (NEOE:MLC) Receivables Turnover : 5.98 (As of Mar. 2024)

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What is Mount Logan 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. Mount Logan Capital's Revenue for the three months ended in Mar. 2024 was C$69.0 Mil. Mount Logan Capital's average Accounts Receivable for the three months ended in Mar. 2024 was C$11.5 Mil. Hence, Mount Logan Capital's Receivables Turnover for the three months ended in Mar. 2024 was 5.98.

Mount Logan Capital Receivables Turnover Historical Data

The historical data trend for Mount Logan 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.

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Mount Logan Capital Receivables Turnover Chart

Mount Logan Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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0.24

1.58

4.35

20.25

Mount Logan Capital 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															3.79	4.69	4.45	5.72	5.98

Competitive Comparison of Mount Logan Capital's Receivables Turnover

For the Asset Management subindustry, Mount Logan 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.

Mount Logan Capital's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Mount Logan Capital's Receivables Turnover distribution charts can be found below:

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

Mount Logan Capital Receivables Turnover Calculation

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

Mount Logan 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 )
=	287.542	/ (	(16.862	+	11.535)	/	2 )
=	287.542	/	14.1985
=	20.25

Mount Logan Capital'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 )
=	69.001	/ (	(11.535	+	0)	/	1 )
=	69.001	/	11.535
=	5.98

Mount Logan Capital (NEOE:MLC) 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.

Mount Logan Capital Receivables Turnover Related Terms

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Mount Logan Capital (NEOE:MLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mount Logan Capital Inc (NEOE:MLC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

PYCFF:USA P31Q:Germany

Address

650 Madison Avenue, 23rd Floor, New York, NY, USA, 10022

Website

https://www.mountlogancapital.ca

Mount Logan Capital Inc operates as emerging asset management and investment firm primarily focused on investing in public and private debt securities in the North American market. It holds and actively manages and monitors a portfolio of loans and other investments with credit-oriented characteristics. It actively sources, evaluates, underwrites, monitors, and primarily invests in loans, debt securities, and other credit-oriented instruments that present attractive risk-adjusted returns and present a low risk of principal impairment through the credit cycle. The company's investment objective is to achieve income and potential capital gains, with attractive risk adjusted return, low volatility, and low risk of principal impairment through the credit cycle.

Executives

Edward Goldthorpe

Director, Senior Officer

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