BBRRF (Blueberries Medical) Receivables Turnover : 0.65 (As of Sep. 2024)

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What is Blueberries Medical 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. Blueberries Medical's Revenue for the three months ended in Sep. 2024 was $0.05 Mil. Blueberries Medical's average Accounts Receivable for the three months ended in Sep. 2024 was $0.07 Mil. Hence, Blueberries Medical's Receivables Turnover for the three months ended in Sep. 2024 was 0.65.

Blueberries Medical Receivables Turnover Historical Data

The historical data trend for Blueberries Medical'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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Blueberries Medical Receivables Turnover Chart

Blueberries Medical Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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13.63

11.93

4.13

Blueberries Medical Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															0.78	0.48	0.62	0.47	0.65

Competitive Comparison of Blueberries Medical's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Blueberries Medical'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.

Blueberries Medical's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Blueberries Medical's Receivables Turnover falls into.

Blueberries Medical Receivables Turnover Calculation

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

Blueberries Medical'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 )
=	0.215	/ (	(0.021	+	0.083)	/	2 )
=	0.215	/	0.052
=	4.13

Blueberries Medical's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	0.045	/ (	(0.045	+	0.094)	/	2 )
=	0.045	/	0.0695
=	0.65

Blueberries Medical (OTCPK:BBRRF) 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.

Blueberries Medical Receivables Turnover Related Terms

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Blueberries Medical Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Blueberries Medical Corp (OTCPK:BBRRF) » Definitions » Receivables Turnover

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1OA:Germany BBM:Canada

Address

8500 West Georgia Street, Suite 2200, Vancouve, BC, CAN, V6C 3E8

Website

https://www.blueberriesmed.com

Blueberries Medical Corp is a licensed producer of psychoactive and non-psychoactive cannabis by-products in Colombia. It cultivates, produces, and distributes cannabidiol (CBD) and THC (tetrahydrocannabinol) based medical cannabis domestically as well as internationally. The company generates all of its revenues from Colombia.