Body and Mind (XCNQ:BAMM) Receivables Turnover : 12.91 (As of Jan. 2024)

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What is Body and Mind 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. Body and Mind's Revenue for the three months ended in Jan. 2024 was C$5.95 Mil. Body and Mind's average Accounts Receivable for the three months ended in Jan. 2024 was C$0.46 Mil. Hence, Body and Mind's Receivables Turnover for the three months ended in Jan. 2024 was 12.91.

Body and Mind Receivables Turnover Historical Data

The historical data trend for Body and Mind'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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Body and Mind Receivables Turnover Chart

Body and Mind Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Receivables Turnover

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5.86

5.61

20.75

24.15

44.70

Body and Mind Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															6.27	8.90	-	9.04	12.91

Competitive Comparison of Body and Mind's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Body and Mind'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.

Body and Mind's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Body and Mind's Receivables Turnover falls into.

Body and Mind Receivables Turnover Calculation

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

Body and Mind's Receivables Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Receivables Turnover (A: Jul. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2023 )	/ (	(Accounts Receivable (A: Jul. 2022 )	+	Accounts Receivable (A: Jul. 2023 ))	/	count )
=	30.148	/ (	(0.568	+	0.781)	/	2 )
=	30.148	/	0.6745
=	44.70

Body and Mind's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Oct. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	5.945	/ (	(0.875	+	0.046)	/	2 )
=	5.945	/	0.4605
=	12.91

Body and Mind (XCNQ:BAMM) 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.

Body and Mind Receivables Turnover Related Terms

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Body and Mind (XCNQ:BAMM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Body and Mind Inc (XCNQ:BAMM) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

BMMJ:USA

Address

750-1095 West Pender Street, Vancouver, BC, CAN, V6E 2M6

Website

https://www.bodyandmind.com

Body and Mind Inc is a multi-state cannabis operator, which has retail, distribution, cultivation, and/or processing operations in Nevada, California, Arkansas, Ohio and Illinois. It has developed the marquis lifestyle Body and Mind brand in Nevada with penetration into dispensaries and has expanded its brand and products to dispensaries in California. The Body and Mind brand appeals to a wide range of cannabis consumers with products including flowers, oils, extracts (wax, live resin, ambrosia), and edibles. The Company Operates in Three segments; Wholesale, Retail, and All others. The Majority of revenue is derived from the Retail segment.

Executives

Darren Tindale

Senior Officer

Body and Mind (XCNQ:BAMM) Headlines

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