Branded Legacy (Branded Legacy) Receivables Turnover : 0.00 (As of Dec. 2021)

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What is Branded Legacy 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. Branded Legacy's Revenue for the three months ended in Dec. 2021 was $-0.06 Mil. Branded Legacy's average Accounts Receivable for the three months ended in Dec. 2021 was $0.04 Mil.

Branded Legacy Receivables Turnover Historical Data

The historical data trend for Branded Legacy'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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Branded Legacy Receivables Turnover Chart

Branded Legacy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Receivables Turnover

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72.50

53.14

11.19

2.27

1.97

Branded Legacy Quarterly Data
	Dec15	Dec16	Dec17	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Receivables Turnover	Get a 7-Day Free Trial												-	0.33	0.20	1.94	-

Competitive Comparison of Branded Legacy's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Branded Legacy'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.

Branded Legacy's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Branded Legacy's Receivables Turnover falls into.

Branded Legacy Receivables Turnover Calculation

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

Branded Legacy's Receivables Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Receivables Turnover (A: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2021 )	/ (	(Accounts Receivable (A: Dec. 2020 )	+	Accounts Receivable (A: Dec. 2021 ))	/	count )
=	0.064	/ (	(0.044	+	0.021)	/	2 )
=	0.064	/	0.0325
=	1.97

Branded Legacy's Receivables Turnover for the quarter that ended in Dec. 2021 is calculated as

	Receivables Turnover (Q: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2021 )	/ (	(Accounts Receivable (Q: Sep. 2021 )	+	Accounts Receivable (Q: Dec. 2021 ))	/	count )
=	-0.06	/ (	(0.062	+	0.021)	/	2 )
=	-0.06	/	0.0415
=	N/A

Branded Legacy (OTCPK:BLEG) 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.

Branded Legacy Receivables Turnover Related Terms

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Branded Legacy (Branded Legacy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Branded Legacy Inc (OTCPK:BLEG) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

227 West 4th Street, Unit 108, Charlotte, NC, USA, 28202

Website

https://www.brandedlegacy.com

Branded Legacy Inc is a company engaged in the development and marketing of products for the fitness and wellness markets. The company is focused on creating products for health-conscious consumers. Through its subsidiary, the company focuses on the development and marketing of hemp-based food, beverage, and healthcare products including hemp coffee, hemp water, and hemp-based skincare products. It sells product to consumers, wholesalers as well as distributors.