Radiko Holdings (XCNQ:RDKO) Receivables Turnover : 3.55 (As of Sep. 2020)

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What is Radiko Holdings 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. Radiko Holdings's Revenue for the three months ended in Sep. 2020 was C$1.30 Mil. Radiko Holdings's average Accounts Receivable for the three months ended in Sep. 2020 was C$0.37 Mil. Hence, Radiko Holdings's Receivables Turnover for the three months ended in Sep. 2020 was 3.55.

Radiko Holdings Receivables Turnover Historical Data

The historical data trend for Radiko Holdings'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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Radiko Holdings Receivables Turnover Chart

Radiko Holdings Annual Data

Trend

Jul11

Jul12

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Dec18

Dec19

Receivables Turnover

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20.57

96.78

Radiko Holdings Quarterly Data
	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Receivables Turnover	Get a 7-Day Free Trial															4.74	2.50	5.44	2.66	3.55

Competitive Comparison of Radiko Holdings's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Radiko Holdings'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.

Radiko Holdings's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Radiko Holdings's Receivables Turnover falls into.

Radiko Holdings Receivables Turnover Calculation

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

Radiko Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2019 is calculated as

	Receivables Turnover (A: Dec. 2019 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2019 )	/ (	(Accounts Receivable (A: Dec. 2018 )	+	Accounts Receivable (A: Dec. 2019 ))	/	count )
=	6.823	/ (	(0.007	+	0.134)	/	2 )
=	6.823	/	0.0705
=	96.78

Radiko Holdings's Receivables Turnover for the quarter that ended in Sep. 2020 is calculated as

	Receivables Turnover (Q: Sep. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2020 )	/ (	(Accounts Receivable (Q: Jun. 2020 )	+	Accounts Receivable (Q: Sep. 2020 ))	/	count )
=	1.302	/ (	(0.466	+	0.267)	/	2 )
=	1.302	/	0.3665
=	3.55

Radiko Holdings (XCNQ:RDKO) 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.

Radiko Holdings Receivables Turnover Related Terms

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Radiko Holdings (XCNQ:RDKO) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Radiko Holdings Corp (XCNQ:RDKO) » Definitions » Receivables Turnover

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Address

12655 West Jefferson Boulevard, Los Angeles, CA, USA, 90066

Website

https://www.radikoholdings.com

Radiko Holdings Corp through its subsidiaries, is engaged in cannabis product manufacturing and distributing. The group generates revenue from licensing fees, royalties and agreements with companies who distribute and sell products in the Cannabis Industry, as well from the direct sale of merchandise such as clothing, paraphernalia, posters, and other products. Its other brands include La Vida Verde, Blank Brand, and Skunk Feather.

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