CannLabs (CannLabs) Receivables Turnover : 4.39 (As of Mar. 2015)

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What is CannLabs 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. CannLabs's Revenue for the three months ended in Mar. 2015 was $0.47 Mil. CannLabs's average Accounts Receivable for the three months ended in Mar. 2015 was $0.11 Mil. Hence, CannLabs's Receivables Turnover for the three months ended in Mar. 2015 was 4.39.

CannLabs Receivables Turnover Historical Data

The historical data trend for CannLabs'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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CannLabs Receivables Turnover Chart

CannLabs Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Receivables Turnover

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3.20

1.07

9.48

CannLabs Quarterly Data
	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15
Receivables Turnover	Get a 7-Day Free Trial															-	3.38	4.91	3.96	4.39

Competitive Comparison of CannLabs's Receivables Turnover

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

CannLabs's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

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

CannLabs Receivables Turnover Calculation

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

CannLabs's Receivables Turnover for the fiscal year that ended in Dec. 2014 is calculated as

	Receivables Turnover (A: Dec. 2014 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2014 )	/ (	(Accounts Receivable (A: Dec. 2013 )	+	Accounts Receivable (A: Dec. 2014 ))	/	count )
=	1.365	/ (	(0	+	0.144)	/	1 )
=	1.365	/	0.144
=	9.48

CannLabs's Receivables Turnover for the quarter that ended in Mar. 2015 is calculated as

	Receivables Turnover (Q: Mar. 2015 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2015 )	/ (	(Accounts Receivable (Q: Dec. 2014 )	+	Accounts Receivable (Q: Mar. 2015 ))	/	count )
=	0.47	/ (	(0.144	+	0.07)	/	2 )
=	0.47	/	0.107
=	4.39

CannLabs (OTCPK:CANL) 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.

CannLabs Receivables Turnover Related Terms

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CannLabs (CannLabs) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CannLabs Inc (OTCPK:CANL) » Definitions » Receivables Turnover

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Address

519 N. Sam Houston Parkway E., Suite 500, Houston, TX, USA, 77060

Website

https://www.cannlabs.net

CannLabs Inc is based in Houston Texas and is a diversified inventory blockchain platform company. The company also has an entertainment division which also includes ownership of a Private Label Apparel line (Colorblind). The company is involved in four sectors: Manufacturing, Apparel, Music, and Video Game Design.

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