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Fab-Form Industries (TSXV:FBF) Receivables Turnover : 1.31 (As of Mar. 2024)


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What is Fab-Form Industries 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. Fab-Form Industries's Revenue for the three months ended in Mar. 2024 was C$0.75 Mil. Fab-Form Industries's average Accounts Receivable for the three months ended in Mar. 2024 was C$0.57 Mil. Hence, Fab-Form Industries's Receivables Turnover for the three months ended in Mar. 2024 was 1.31.


Fab-Form Industries Receivables Turnover Historical Data

The historical data trend for Fab-Form Industries'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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Fab-Form Industries Receivables Turnover Chart

Fab-Form Industries Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.03 8.65 13.62 15.97 13.72

Fab-Form Industries 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.59 4.71 1.89 1.51 1.31

Competitive Comparison of Fab-Form Industries's Receivables Turnover

For the Building Materials subindustry, Fab-Form Industries'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.


Fab-Form Industries's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Fab-Form Industries's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Fab-Form Industries's Receivables Turnover falls into.



Fab-Form Industries Receivables Turnover Calculation

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

Fab-Form Industries's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=6.132 / ((0.404 + 0.49) / 2 )
=6.132 / 0.447
=13.72

Fab-Form Industries'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 )
=0.748 / ((0.541 + 0.598) / 2 )
=0.748 / 0.5695
=1.31

* 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.


Fab-Form Industries  (TSXV:FBF) 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.


Fab-Form Industries Receivables Turnover Related Terms

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Fab-Form Industries (TSXV:FBF) Business Description

Traded in Other Exchanges
Address
1610 Derwent Way, Unit 19, Delta, BC, CAN, V3M 6W1
Fab-Form Industries Ltd is a Canadian based company that develops, manufactures and distributes proprietary technology to form concrete footings, columns, foundations and walls for building structures. The company also distributes Helix micro rebar into the BC market and Nudura insulating concrete form into the Lower Mainland of BC market.
Executives
Nigel Peter Protter Director

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