Aqua Bounty Technologies (LSE:ABTX) Receivables Turnover : 0.60 (As of Dec. 2023)

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What is Aqua Bounty 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. Aqua Bounty Technologies's Revenue for the three months ended in Dec. 2023 was £0.44 Mil. Aqua Bounty Technologies's average Accounts Receivable for the three months ended in Dec. 2023 was £0.73 Mil. Hence, Aqua Bounty Technologies's Receivables Turnover for the three months ended in Dec. 2023 was 0.60.

Aqua Bounty Technologies Receivables Turnover Historical Data

The historical data trend for Aqua Bounty 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.

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Aqua Bounty Technologies Receivables Turnover Chart

Aqua Bounty Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.30

3.16

Aqua Bounty Technologies 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															1.34	1.18	-	1.19	0.60

Competitive Comparison of Aqua Bounty Technologies's Receivables Turnover

For the Farm Products subindustry, Aqua Bounty 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.

Aqua Bounty Technologies's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Aqua Bounty Technologies's Receivables Turnover falls into.

Aqua Bounty Technologies Receivables Turnover Calculation

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

Aqua Bounty Technologies'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 )
=	1.954	/ (	(0.277	+	0.961)	/	2 )
=	1.954	/	0.619
=	3.16

Aqua Bounty Technologies'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 )
=	0.437	/ (	(0.496	+	0.961)	/	2 )
=	0.437	/	0.7285
=	0.60

Aqua Bounty Technologies (LSE:ABTX) 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.

Aqua Bounty Technologies Receivables Turnover Related Terms

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Aqua Bounty Technologies (LSE:ABTX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Aqua Bounty Technologies Inc (LSE:ABTX) » Definitions » Receivables Turnover

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AQB:USA

Address

2 Mill and Main Place, Suite 395, Maynard, MA, USA, 01754

Website

https://www.aquabounty.com

AquaBounty Technologies Inc is engaged in the field of land-based aquaculture and the use of technology for improving its productivity and sustainability. The company's objective is to ensure the availability of high-quality seafood to meet global consumer demand while addressing critical production constraints in the most popular farmed species.