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Vibe Growth (XCNQ:VIBE) Receivables Turnover : 41.85 (As of Mar. 2024)


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What is Vibe Growth 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. Vibe Growth's Revenue for the three months ended in Mar. 2024 was C$4.00 Mil. Vibe Growth's average Accounts Receivable for the three months ended in Mar. 2024 was C$0.10 Mil. Hence, Vibe Growth's Receivables Turnover for the three months ended in Mar. 2024 was 41.85.


Vibe Growth Receivables Turnover Historical Data

The historical data trend for Vibe Growth'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.

* Premium members only.

Vibe Growth Receivables Turnover Chart

Vibe Growth Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 49.83 176.42 374.89 154.14 112.65

Vibe Growth Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.10 24.52 27.93 30.18 41.85

Competitive Comparison of Vibe Growth's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Vibe Growth'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.


Vibe Growth's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Vibe Growth's Receivables Turnover falls into.



Vibe Growth Receivables Turnover Calculation

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

Vibe Growth's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=18.982 / ((0.192 + 0.145) / 2 )
=18.982 / 0.1685
=112.65

Vibe Growth's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=3.997 / ((0.145 + 0.046) / 2 )
=3.997 / 0.0955
=41.85

* 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.


Vibe Growth  (XCNQ:VIBE) 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.


Vibe Growth Receivables Turnover Related Terms

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Vibe Growth (XCNQ:VIBE) Business Description

Traded in Other Exchanges
Address
997 Seymour Street, Suite 250, Vancouver, BC, CAN, V6B3M1
Vibe Growth Corp is engaged in evaluation, acquiring and developing cannabis cultivation, distribution and manufacturing assets and retail cannabis dispensaries, predominantly in the U.S., in order to become a vertically integrated cannabis operator. The Company currently operates five dispensaries, one distribution and two cultivation operations in the State of California plus one dispensary in Portland, Oregon.
Executives
Hadron Capital (cayman) Limited 10% Security Holder

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