Applied Biosciences (Applied Biosciences) Receivables Turnover : 2.39 (As of Dec. 2019)

View and export this data going back to 2015. Start your Free Trial

What is Applied Biosciences 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. Applied Biosciences's Revenue for the three months ended in Dec. 2019 was $0.17 Mil. Applied Biosciences's average Accounts Receivable for the three months ended in Dec. 2019 was $0.07 Mil. Hence, Applied Biosciences's Receivables Turnover for the three months ended in Dec. 2019 was 2.39.

Applied Biosciences Receivables Turnover Historical Data

The historical data trend for Applied Biosciences'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.

Applied Biosciences Receivables Turnover Chart

Applied Biosciences Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Receivables Turnover

7.67

22.00

Applied Biosciences Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Receivables Turnover	Get a 7-Day Free Trial															28.48	2.60	1.81	3.59	2.39

Competitive Comparison of Applied Biosciences's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Applied Biosciences'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.

Applied Biosciences's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Applied Biosciences's Receivables Turnover falls into.

Applied Biosciences Receivables Turnover Calculation

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

Applied Biosciences's Receivables Turnover for the fiscal year that ended in Mar. 2018 is calculated as

	Receivables Turnover (A: Mar. 2018 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2018 )	/ (	(Accounts Receivable (A: Mar. 2017 )	+	Accounts Receivable (A: Mar. 2018 ))	/	count )
=	0.198	/ (	(0.006	+	0.012)	/	2 )
=	0.198	/	0.009
=	22.00

Applied Biosciences's Receivables Turnover for the quarter that ended in Dec. 2019 is calculated as

	Receivables Turnover (Q: Dec. 2019 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2019 )	/ (	(Accounts Receivable (Q: Sep. 2019 )	+	Accounts Receivable (Q: Dec. 2019 ))	/	count )
=	0.17	/ (	(0.066	+	0.076)	/	2 )
=	0.17	/	0.071
=	2.39

Applied Biosciences (OTCPK:APPB) 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.

Applied Biosciences Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Applied Biosciences's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Applied Biosciences (Applied Biosciences) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Applied Biosciences Corp (OTCPK:APPB) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

320 Park Avenue, 18th Floor, New York, NY, USA, 10022

Website

https://www.appliedbiocorp.com

Applied Biosciences Corp is a vertically integrated company focused on the development and commercialization of novel, science-driven, synthetic cannabinoid therapeutics / biopharmaceuticals that target the endocannabinoid system to treat a wide-range of diseases across multiple therapeutic areas. The company also deliver high-quality consumer and OTC THC-free CBD products that promote overall health and wellbeing as well as state-of-the-art testing and analytics capabilities to its customers.

Executives

Michael Beaubaire	director	9701 WILSHIRE BLVD. SUITE 1000 BEVERLY HILLS CA 90212
John Robert Brady	10 percent owner	9701 WILSHIRE BLVD., SUITE 1000 BEVERLY HILLS CA 90212
Raymond W. Urbanski	director, officer: Chief Executive Officer	28903 NORTH AVENUE PAINE, VALENCIA CA 91355
Scott B Stevens	director	9701 WILSHIRE BLVD., SUITE 1000, BEVERLY HILLS CA 90212
Chris Bridges	director, officer: President	9701 WILSHIRE BLVD., SUITE 1000 BEVERLY HILLS CA 90212
John James Southard	officer: Secretary and Treasurer	9701 WILSHIRE BLVD., SUITE 1000 BEVERLY HILLS CA 90212
Sbs Family Trust	10 percent owner	521 RXR PLAZA EAST TOWER ? SUITE 521 UNIONDALE NY 11556