Plantable Health (Plantable Health) Receivables Turnover : 4.36 (As of Jun. 2023)

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What is Plantable Health 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. Plantable Health's Revenue for the three months ended in Jun. 2023 was $0.07 Mil. Plantable Health's average Accounts Receivable for the three months ended in Jun. 2023 was $0.02 Mil. Hence, Plantable Health's Receivables Turnover for the three months ended in Jun. 2023 was 4.36.

Plantable Health Receivables Turnover Historical Data

The historical data trend for Plantable Health'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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Plantable Health Receivables Turnover Chart

Plantable Health Annual Data

Trend

Dec20

Dec21

Dec22

Receivables Turnover

34.58

33.91

120.30

Plantable Health Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Receivables Turnover	Get a 7-Day Free Trial						28.09	14.97	19.48	20.97	4.36

Competitive Comparison of Plantable Health's Receivables Turnover

For the Packaged Foods subindustry, Plantable Health'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.

Plantable Health's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Plantable Health's Receivables Turnover falls into.

Plantable Health Receivables Turnover Calculation

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

Plantable Health'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 )
=	1.203	/ (	(0	+	0.01)	/	1 )
=	1.203	/	0.01
=	120.30

Plantable Health's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	0.072	/ (	(0.023	+	0.01)	/	2 )
=	0.072	/	0.0165
=	4.36

Plantable Health (OTCPK:PLBLF) 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.

Plantable Health Receivables Turnover Related Terms

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Plantable Health (Plantable Health) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Plantable Health Inc (OTCPK:PLBLF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1095 W Pender Street, Suite 750, Vancouver, BC, CAN, V6E 2M6

Website

https://www.plantable.com

Plantable Health Inc offers a lifestyle change program that uses the foundations of behavioral psychology, neuroscience, and nutritional science to transform health and wellness and promote healthy weight loss by facilitating, supporting, and empowering customers through the introduction to and adoption of a plant-centric diet. The meal plans offered by the company include The Reboot, The Quickstart and A La Carte.

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