BRP (TSX:DOO) Receivables Turnover : 5.08 (As of Jan. 2024)

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What is BRP 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. BRP's Revenue for the three months ended in Jan. 2024 was C$2,692 Mil. BRP's average Accounts Receivable for the three months ended in Jan. 2024 was C$529 Mil. Hence, BRP's Receivables Turnover for the three months ended in Jan. 2024 was 5.08.

BRP Receivables Turnover Historical Data

The historical data trend for BRP'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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BRP Receivables Turnover Chart

BRP Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Receivables Turnover

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18.59

20.59

26.13

24.29

20.27

BRP Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															6.07	4.51	5.27	4.97	5.08

Competitive Comparison of BRP's Receivables Turnover

For the Recreational Vehicles subindustry, BRP'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.

BRP's Receivables Turnover Distribution in the Vehicles & Parts Industry

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

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

BRP Receivables Turnover Calculation

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

BRP's Receivables Turnover for the fiscal year that ended in Jan. 2024 is calculated as

	Receivables Turnover (A: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jan. 2024 )	/ (	(Accounts Receivable (A: Jan. 2023 )	+	Accounts Receivable (A: Jan. 2024 ))	/	count )
=	10367	/ (	(490.1	+	533)	/	2 )
=	10367	/	511.55
=	20.27

BRP's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Oct. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	2691.8	/ (	(525.8	+	533)	/	2 )
=	2691.8	/	529.4
=	5.08

BRP (TSX:DOO) 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.

BRP Receivables Turnover Related Terms

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BRP (TSX:DOO) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

DOOO:USA

Address

726 Saint-Joseph Street, Valcourt, QC, CAN, J0E 2L0

Website

https://www.brp.com

BRP designs, develops, manufactures, distributes, and markets snowmobiles, all-terrain vehicles, and personal watercraft under the Ski-Doo, Sea-Doo, Can-Am, and Lynx brand names. It also builds engines under the Rotax brand (after shuttering the Evinrude outboard engine business in 2020) and offers clothing, parts, and accessories that cater to its core consumers. In 2018, BRP created a marine group, acquiring boat manufacturers Alumacraft, Triton (which makes Manitou pontoon boats), and Telwater (in Australia). At the end of fiscal 2023, the company sold its products through a network of more than 2,600 independent dealers and 150 distributors in about 130 countries.

BRP (TSX:DOO) Headlines

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