Canada House Wellness Group (Canada House Wellness Group) Receivables Turnover : 1.40 (As of Apr. 2023)

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What is Canada House Wellness Group 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. Canada House Wellness Group's Revenue for the three months ended in Apr. 2023 was $6.93 Mil. Canada House Wellness Group's average Accounts Receivable for the three months ended in Apr. 2023 was $4.96 Mil. Hence, Canada House Wellness Group's Receivables Turnover for the three months ended in Apr. 2023 was 1.40.

Canada House Wellness Group Receivables Turnover Historical Data

The historical data trend for Canada House Wellness Group'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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Canada House Wellness Group Receivables Turnover Chart

Canada House Wellness Group Annual Data

Trend

Mar12

Mar13

Mar14

Jul15

Jul16

Apr17

Apr18

Apr19

Apr20

Apr21

Receivables Turnover

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9.71

3.86

7.51

6.41

7.90

Canada House Wellness Group Quarterly Data
	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Oct22	Jan23	Apr23
Receivables Turnover	Get a 7-Day Free Trial															3.41	2.60	1.95	1.79	1.40

Competitive Comparison of Canada House Wellness Group's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Canada House Wellness Group'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.

Canada House Wellness Group's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Canada House Wellness Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Canada House Wellness Group's Receivables Turnover falls into.

Canada House Wellness Group Receivables Turnover Calculation

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

Canada House Wellness Group's Receivables Turnover for the fiscal year that ended in Apr. 2021 is calculated as

	Receivables Turnover (A: Apr. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Apr. 2021 )	/ (	(Accounts Receivable (A: Apr. 2020 )	+	Accounts Receivable (A: Apr. 2021 ))	/	count )
=	8.452	/ (	(0.599	+	1.542)	/	2 )
=	8.452	/	1.0705
=	7.90

Canada House Wellness Group's Receivables Turnover for the quarter that ended in Apr. 2023 is calculated as

	Receivables Turnover (Q: Apr. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Apr. 2023 )	/ (	(Accounts Receivable (Q: Jan. 2023 )	+	Accounts Receivable (Q: Apr. 2023 ))	/	count )
=	6.93	/ (	(4.169	+	5.742)	/	2 )
=	6.93	/	4.9555
=	1.40

Canada House Wellness Group (OTCPK:SARSF) 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.

Canada House Wellness Group Receivables Turnover Related Terms

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Canada House Wellness Group (Canada House Wellness Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Canada House Wellness Group Inc (OTCPK:SARSF) » Definitions » Receivables Turnover

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Address

551 Rue, Saint Marc, Louiseville, Quebec, QC, CAN, J5V 2L4

Website

https://canadahouse.ca/

Canada House Cannabis Group Inc is a licensed producer that produces high quality medical grade cannabis. IsoCanMed Inc, a Licensed Producer in Louiseville, Quebec growing indoor cannabis, production facility employing state of the art vertical, aeroponic production methodologies; Canada House Clinics Inc, with clinics across the country that work directly with primary care teams to provide specialized cannabinoid therapy services to patients suffering from simple and complex medical conditions; and Knalysis Technologies, a provider of fully customizable, cloud-based software that links physician, provider, and patient to data that supports treatment with medical cannabis; Margaree Health Group a medical cannabis clinic.

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