MPX International (XCNQ:MPXI) Receivables Turnover : 2.94 (As of Mar. 2022)

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What is MPX International 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. MPX International's Revenue for the three months ended in Mar. 2022 was C$2.02 Mil. MPX International's average Accounts Receivable for the three months ended in Mar. 2022 was C$0.69 Mil. Hence, MPX International's Receivables Turnover for the three months ended in Mar. 2022 was 2.94.

MPX International Receivables Turnover Historical Data

The historical data trend for MPX International'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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MPX International Receivables Turnover Chart

MPX International Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Receivables Turnover

1.08

8.72

8.54

9.80

MPX International Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Receivables Turnover	Get a 7-Day Free Trial												3.21	2.37	1.63	1.81	2.94

Competitive Comparison of MPX International's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, MPX International'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.

MPX International's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where MPX International's Receivables Turnover falls into.

MPX International Receivables Turnover Calculation

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

MPX International's Receivables Turnover for the fiscal year that ended in Sep. 2021 is calculated as

	Receivables Turnover (A: Sep. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2021 )	/ (	(Accounts Receivable (A: Sep. 2020 )	+	Accounts Receivable (A: Sep. 2021 ))	/	count )
=	7.211	/ (	(0.437	+	1.034)	/	2 )
=	7.211	/	0.7355
=	9.80

MPX International's Receivables Turnover for the quarter that ended in Mar. 2022 is calculated as

	Receivables Turnover (Q: Mar. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2022 )	/ (	(Accounts Receivable (Q: Dec. 2021 )	+	Accounts Receivable (Q: Mar. 2022 ))	/	count )
=	2.02	/ (	(0.687	+	0.689)	/	2 )
=	2.02	/	0.688
=	2.94

MPX International (XCNQ:MPXI) 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.

MPX International Receivables Turnover Related Terms

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MPX International (XCNQ:MPXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » MPX International Corp (XCNQ:MPXI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

5255 Yonge Street, Suite 701, Toronto, ON, CAN, M2N 6P4

Website

https://www.mpxinternationalcorp.com

MPX International Corp is a diversified cannabis company focused on developing and operating assets across the global medical and adult use and engaged in cultivating, manufacturing and marketing products that include cannabinoids as their primary active ingredient. The firm is organized into three segments: Canada, Europe/Africa, and Asia-Pacific. The Canada operating segment's principal business activities consist of production and sale of cannabis, video learning and engagement, patient counselling and referral services. The Europe/Africa operating segment's consist of the production and sale of cannabis and hemp-related products. The Asia-Pacific consist of the production and sale of cannabis. The majority of the revenue is generated in Canada.

Executives

William Scott Boyes	Director, Senior Officer
Randall Glenn Stafford	Director

MPX International (XCNQ:MPXI) Headlines

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