Calian Group (TSX:CGY) Receivables Turnover : 0.97 (As of Mar. 2024)

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What is Calian 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. Calian Group's Revenue for the three months ended in Mar. 2024 was C$201.3 Mil. Calian Group's average Accounts Receivable for the three months ended in Mar. 2024 was C$208.3 Mil. Hence, Calian Group's Receivables Turnover for the three months ended in Mar. 2024 was 0.97.

Calian Group Receivables Turnover Historical Data

The historical data trend for Calian 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.

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Calian Group Receivables Turnover Chart

Calian Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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5.21

6.12

5.60

4.24

3.95

Calian 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															1.15	1.06	1.10	1.02	0.97

Competitive Comparison of Calian Group's Receivables Turnover

For the Specialty Business Services subindustry, Calian 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.

Calian Group's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Calian Group's Receivables Turnover distribution charts can be found below:

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

Calian Group Receivables Turnover Calculation

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

Calian Group's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	658.583	/ (	(168.614	+	164.803)	/	2 )
=	658.583	/	166.7085
=	3.95

Calian 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 )
=	201.268	/ (	(185.15	+	231.379)	/	2 )
=	201.268	/	208.2645
=	0.97

Calian Group (TSX:CGY) 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.

Calian Group Receivables Turnover Related Terms

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Calian Group (TSX:CGY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Calian Group Ltd (TSX:CGY) » Definitions » Receivables Turnover

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CLNFF:USA

Address

770 Palladium Drive, Ottawa, ON, CAN, K2V 1C8

Website

https://www.calian.com

Calian Group Ltd provides services and solutions to both industry and government customers in the areas of health, learning, defence, security, aerospace, engineering, AgTech, satellite communications (satcom), and IT. The company operates through four segments namely Advanced Technologies, Health, Learning, and IT and Cyber Solutions (ITCS). It generates maximum revenue from the ITCS segment. The ITCS portfolio of the company includes on-demand resourcing, IT and cybersecurity consulting, managed services, Software as a Service (Saas) and others. Geographically, the company generates the majority of its revenue from its operations in Canada and also has presence in United States, Europe and other regions.

Executives

George Brian Weber

Director

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