BluMetric Environmental (TSXV:BLM) Receivables Turnover : 1.15 (As of Dec. 2023)

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What is BluMetric Environmental 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. BluMetric Environmental's Revenue for the three months ended in Dec. 2023 was C$8.53 Mil. BluMetric Environmental's average Accounts Receivable for the three months ended in Dec. 2023 was C$7.41 Mil. Hence, BluMetric Environmental's Receivables Turnover for the three months ended in Dec. 2023 was 1.15.

BluMetric Environmental Receivables Turnover Historical Data

The historical data trend for BluMetric Environmental'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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BluMetric Environmental Receivables Turnover Chart

BluMetric Environmental Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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5.76

6.45

7.47

5.59

5.18

BluMetric Environmental 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															1.53	1.07	1.12	1.93	1.15

Competitive Comparison of BluMetric Environmental's Receivables Turnover

For the Waste Management subindustry, BluMetric Environmental'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.

BluMetric Environmental's Receivables Turnover Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, BluMetric Environmental's Receivables Turnover distribution charts can be found below:

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

BluMetric Environmental Receivables Turnover Calculation

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

BluMetric Environmental'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 )
=	35.084	/ (	(7.565	+	5.968)	/	2 )
=	35.084	/	6.7665
=	5.18

BluMetric Environmental'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 )
=	8.525	/ (	(5.968	+	8.853)	/	2 )
=	8.525	/	7.4105
=	1.15

BluMetric Environmental (TSXV:BLM) 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.

BluMetric Environmental Receivables Turnover Related Terms

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BluMetric Environmental (TSXV:BLM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » BluMetric Environmental Inc (TSXV:BLM) » Definitions » Receivables Turnover

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SEPOF:USA

Address

1682 Woodward Drive, Ottawa, ON, CAN, K2C 3R8

Website

http://www.blumetric.ca

BluMetric Environmental Inc is an integrated product and service organization. It principally provides sustainable solutions for complex environmental issues. It serves clients in many industrial sectors, and at all levels of government, both domestically and internationally. The organization offers services and solutions such as environmental earth sciences and engineering; contaminated site remediation; water resource management; industrial hygiene; occupational health and safety; and water and wastewater design-build and pre-engineered solutions. It operates in Canada and internationally, of which the majority of the revenue is derived from the operations in Canada.

Executives

John Daniel Hilton

Senior Officer

BluMetric Environmental (TSXV:BLM) Headlines

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