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BurgerFi International (BurgerFi International) Receivables Turnover : 31.93 (As of Dec. 2023)


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What is BurgerFi International 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. BurgerFi International's Revenue for the three months ended in Dec. 2023 was $41.5 Mil. BurgerFi International's average Accounts Receivable for the three months ended in Dec. 2023 was $1.3 Mil. Hence, BurgerFi International's Receivables Turnover for the three months ended in Dec. 2023 was 31.93.


BurgerFi International Receivables Turnover Historical Data

The historical data trend for BurgerFi International'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.

BurgerFi International Receivables Turnover Chart

BurgerFi International Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 64.90 52.30 57.22 98.88 103.28

BurgerFi International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 27.52 23.47 25.34 29.40 31.93

Competitive Comparison of BurgerFi International's Receivables Turnover

For the Restaurants subindustry, BurgerFi International'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.


BurgerFi International's Receivables Turnover Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, BurgerFi International's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where BurgerFi International's Receivables Turnover falls into.



BurgerFi International Receivables Turnover Calculation

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

BurgerFi International'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 )
=170.1 / ((1.926 + 1.368) / 2 )
=170.1 / 1.647
=103.28

BurgerFi International'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: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=41.466 / ((1.229 + 1.368) / 2 )
=41.466 / 1.2985
=31.93

* 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.


BurgerFi International  (NAS:BFI) 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.


BurgerFi International Receivables Turnover Related Terms

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BurgerFi International (BurgerFi International) Business Description

Traded in Other Exchanges
Address
200 West Cypress Creek Road, Suite 220, Fort Lauderdale, FL, USA, 33309
BurgerFi International Inc operates a fast food restaurant chain in domestic and international market. The company has approximately 114 BurgerFi restaurants. It offers a classic American menu of premium burgers, hot dogs, crispy chicken, frozen custard, hand-cut fries, shakes, beer, wine, and more.
Executives
John Rosatti Revocable Trust 10 percent owner U/A DTD 08/27/2001- CUSTODY, 101 US HIGHWAY 1, NORTH PALM BEACH FL 33408
Bachmann Carl J. Iii officer: Chief Executive Officer 200 WEST CYPRESS CREEK RD., SUITE 220, FT LAUDERDALE FL 33309
Christopher Emlyn Jones officer: Chief Financial Officer 205 S HOOVER BLVD STE 210, #210, TAMPA FL 33609
Shehzaan Chunara 10 percent owner 2199 GLENMORE LANE, SNELLVILLE GA 30078
Cg2 Capital Llc 10 percent owner 2199 GLENMORE LANE, SNELLVILLE GA 30078
John Iannucci officer: Chief Operating Officer 200 WEST CYPRESS CREEK RD., SUITE 220, FT LAUDERDALE FL 33309
David Heidecorn director 599 W. PUTNAM AVENUE, GREENWICH CT 06830
Lionheart Equities, Llc 10 percent owner C/O LIONHEART CAPITAL, LLC, 4218 NE 2ND AVENUE, MIAMI FL 33137
Cp7 Warming Bag, L.p. 10 percent owner 599 WEST PUTNAM AVENUE, GREENWICH CT 06830
Ophir Sternberg 10 percent owner C/O OPES ACQUISITION CORP., JAVIER BARROS SIERRA 540, OF. 103, MEXICO CITY O5 01210
Stefan Kurt Schnopp officer: See Remarks 105 U.S. HIGHWAY 1, NORTH PALM BEACH FL 33408
Michelle Zavolta officer: Chief People Officer 105 US HIGHWAY 1, NORTH PALM BEACH FL 33408
Patrick Renna officer: ACFP Brand - President 105 US HIGHWAY 1, NORTH PALM BEACH FL 33408
Ian Baines director, officer: President and CEO 6820 LBJ FREEWAY, DALLAS TX 75240
Andrew Craig Taub director 599 WEST PUTNAM AVENUE, GREENWICH CT 06830