Parkit Enterprise (TSXV:PKT) Receivables Turnover : 9.65 (As of Mar. 2024)

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What is Parkit Enterprise 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. Parkit Enterprise's Revenue for the three months ended in Mar. 2024 was C$6.82 Mil. Parkit Enterprise's average Accounts Receivable for the three months ended in Mar. 2024 was C$0.71 Mil. Hence, Parkit Enterprise's Receivables Turnover for the three months ended in Mar. 2024 was 9.65.

Parkit Enterprise Receivables Turnover Historical Data

The historical data trend for Parkit Enterprise'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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Parkit Enterprise Receivables Turnover Chart

Parkit Enterprise Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Dec21

Dec22

Dec23

Receivables Turnover

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4.80

54.01

37.08

24.30

Parkit Enterprise Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															13.06	119.75	129.14	9.06	9.65

Competitive Comparison of Parkit Enterprise's Receivables Turnover

For the Real Estate Services subindustry, Parkit Enterprise'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.

Parkit Enterprise's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Parkit Enterprise's Receivables Turnover distribution charts can be found below:

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

Parkit Enterprise Receivables Turnover Calculation

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

Parkit Enterprise'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 )
=	23.126	/ (	(0.49	+	1.413)	/	2 )
=	23.126	/	0.9515
=	24.30

Parkit Enterprise'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 )
=	6.823	/ (	(1.413	+	0.001)	/	2 )
=	6.823	/	0.707
=	9.65

Parkit Enterprise (TSXV:PKT) 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.

Parkit Enterprise Receivables Turnover Related Terms

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Parkit Enterprise (TSXV:PKT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Parkit Enterprise Inc (TSXV:PKT) » Definitions » Receivables Turnover

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PKTEF:USA

Address

100 Canadian Road, Scarborough, ON, CAN, M1R 4Z5

Website

https://www.parkitenterprise.com

Parkit Enterprise Inc is an industrial real estate platform. It is focused on the acquisition, growth, and management of strategically located industrial properties across key markets in Canada, with a focus on the Greater Toronto Area (GTA), Ottawa, and Montreal, to complement its parking assets across the United States. The Company operates in two reportable business segments: Investment Properties which involves the acquisition and management of income producing industrial properties across key markets in Canada. Parking Assets which involves the acquisition and management of income producing parking facilities across the United States.

Executives

Parkit Enterprise Inc.

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