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Future Farm Technologies (Future Farm Technologies) Receivables Turnover : 4.32 (As of Nov. 2019)


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What is Future Farm Technologies 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. Future Farm Technologies's Revenue for the three months ended in Nov. 2019 was $0.69 Mil. Future Farm Technologies's average Accounts Receivable for the three months ended in Nov. 2019 was $0.16 Mil. Hence, Future Farm Technologies's Receivables Turnover for the three months ended in Nov. 2019 was 4.32.


Future Farm Technologies Receivables Turnover Historical Data

The historical data trend for Future Farm Technologies'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.

* Premium members only.

Future Farm Technologies Receivables Turnover Chart

Future Farm Technologies Annual Data
Trend Feb10 Feb11 Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.18 3.11 2.17 5.98

Future Farm Technologies Quarterly Data
Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19
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 2.45 0.61 2.94 0.54 4.32

Competitive Comparison of Future Farm Technologies's Receivables Turnover

For the Farm Products subindustry, Future Farm Technologies'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.


Future Farm Technologies's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Future Farm Technologies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Future Farm Technologies's Receivables Turnover falls into.



Future Farm Technologies Receivables Turnover Calculation

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

Future Farm Technologies's Receivables Turnover for the fiscal year that ended in Feb. 2019 is calculated as

Receivables Turnover (A: Feb. 2019 )
=Revenue / Average Total Inventories
=Revenue (A: Feb. 2019 ) / ((Accounts Receivable (A: Feb. 2018 ) + Accounts Receivable (A: Feb. 2019 )) / count )
=2.682 / ((0.33 + 0.567) / 2 )
=2.682 / 0.4485
=5.98

Future Farm Technologies's Receivables Turnover for the quarter that ended in Nov. 2019 is calculated as

Receivables Turnover (Q: Nov. 2019 )
=Revenue / Average Total Inventories
=Revenue (Q: Nov. 2019 ) / ((Accounts Receivable (Q: Aug. 2019 ) + Accounts Receivable (Q: Nov. 2019 )) / count )
=0.694 / ((0.24 + 0.081) / 2 )
=0.694 / 0.1605
=4.32

* 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.


Future Farm Technologies  (OTCPK:FFRMF) 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.


Future Farm Technologies Receivables Turnover Related Terms

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Future Farm Technologies (Future Farm Technologies) Business Description

Traded in Other Exchanges
N/A
Address
543 Granville Street, Suite 501, Vancouver, BC, CAN, V6C 1X8
Future Farm Technologies Inc is an indoor plant growth technology company. It operates through the following segments: Indoor plant growth technology specializing in LED lighting and vertical farming solutions; and the operation of an ornamental plant greenhouse. The firm generates majority revenue from Nursery plants.
Executives
Michael C Withrow director, 10 percent owner, officer: CEO SUITE 1040 - 885 WEST GEORGIA STREET VANCOUVER A1 V6C 3E8
Brayden R Sutton director 44486 MONTE VISTA DRIVE CHILLIWACK A1 V2R 5T2