Live Verdure (ASX:LV1) Receivables Turnover : 11.56 (As of Dec. 2023)

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What is Live Verdure 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. Live Verdure's Revenue for the six months ended in Dec. 2023 was A$1.10 Mil. Live Verdure's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.10 Mil. Hence, Live Verdure's Receivables Turnover for the six months ended in Dec. 2023 was 11.56.

Live Verdure Receivables Turnover Historical Data

The historical data trend for Live Verdure'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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Live Verdure Receivables Turnover Chart

Live Verdure Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

19.93

343.09

46.17

Live Verdure Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			12.62	14.41	9.96	6.55	11.56

Competitive Comparison of Live Verdure's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Live Verdure'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.

Live Verdure's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Live Verdure's Receivables Turnover falls into.

Live Verdure Receivables Turnover Calculation

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

Live Verdure's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	2.216	/ (	(0.007	+	0.089)	/	2 )
=	2.216	/	0.048
=	46.17

Live Verdure's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1.098	/ (	(0.089	+	0.101)	/	2 )
=	1.098	/	0.095
=	11.56

Live Verdure (ASX:LV1) 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.

Live Verdure Receivables Turnover Related Terms

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Live Verdure (ASX:LV1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Live Verdure Ltd (ASX:LV1) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

459 Collins Street, Level 21, Melbourne, VIC, AUS, 3000

Website

http://www.liveverdure.com.au

Live Verdure Ltd is an Australian Health, Wellness and Skincare company making a range of naturally-based products with effective active ingredients. Its products are predominantly sold Direct-to-Consumer (D2C), using the Company's websites. The Company is engaged in providing hemp-based products under 13 seeds brand name. The company focuses on development of Australian hemp food, beauty and nutraceutical products.

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