Radient Technologies (Radient Technologies) Receivables Turnover : 1.36 (As of Dec. 2022)

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What is Radient 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. Radient Technologies's Revenue for the three months ended in Dec. 2022 was $0.76 Mil. Radient Technologies's average Accounts Receivable for the three months ended in Dec. 2022 was $0.56 Mil. Hence, Radient Technologies's Receivables Turnover for the three months ended in Dec. 2022 was 1.36.

Radient Technologies Receivables Turnover Historical Data

The historical data trend for Radient 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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Radient Technologies Receivables Turnover Chart

Radient Technologies Annual Data

Trend

Dec13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Receivables Turnover

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3.55

1.23

38.33

6.66

16.68

Radient Technologies Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Receivables Turnover	Get a 7-Day Free Trial															2.06	0.60	1.40	1.57	1.36

Competitive Comparison of Radient Technologies's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Radient 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.

Radient Technologies's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Radient Technologies's Receivables Turnover distribution charts can be found below:

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

Radient Technologies Receivables Turnover Calculation

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

Radient Technologies's Receivables Turnover for the fiscal year that ended in Mar. 2022 is calculated as

	Receivables Turnover (A: Mar. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2022 )	/ (	(Accounts Receivable (A: Mar. 2021 )	+	Accounts Receivable (A: Mar. 2022 ))	/	count )
=	2.861	/ (	(0.251	+	0.092)	/	2 )
=	2.861	/	0.1715
=	16.68

Radient Technologies's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Sep. 2022 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	0.757	/ (	(0.747	+	0.368)	/	2 )
=	0.757	/	0.5575
=	1.36

Radient Technologies (OTCPK:RDDTF) 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.

Radient Technologies Receivables Turnover Related Terms

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Radient Technologies (Radient Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Radient Technologies Inc (OTCPK:RDDTF) » Definitions » Receivables Turnover

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Address

4035 101 St. NW, Edmonton, AB, CAN, T6E 0A4

Website

https://www.radientinc.com

Radient Technologies Inc is a Canadian company engaged in manufacturing cannabis derivatives, formulations, and products. It has developed its extraction process, Microwave Assisted Processing (MAP), which is used for producing a consistent product at industrial-scale quantities. It provides its customers and partners with white-label extracts, formulations, and finished products that contain a broad spectrum of cannabinoid and terpene profiles. While it operates in Canada and is building an additional facility in Germany. It operates in a single segment namely the production and sale of cannabis-related retail products.