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Cannabusiness Group (Cannabusiness Group) Receivables Turnover : 103.44 (As of Dec. 2007)


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What is Cannabusiness Group 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. Cannabusiness Group's Revenue for the six months ended in Dec. 2007 was $13.60 Mil. Cannabusiness Group's average Accounts Receivable for the six months ended in Dec. 2007 was $0.13 Mil. Hence, Cannabusiness Group's Receivables Turnover for the six months ended in Dec. 2007 was 103.44.


Cannabusiness Group Receivables Turnover Historical Data

The historical data trend for Cannabusiness Group'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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Cannabusiness Group Receivables Turnover Chart

Cannabusiness Group Annual Data
Trend Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.26 2.63 11.53 45.80 103.44

Cannabusiness Group Semi-Annual Data
Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.26 2.63 11.53 45.80 103.44

Competitive Comparison of Cannabusiness Group's Receivables Turnover

For the Real Estate Services subindustry, Cannabusiness Group'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.


Cannabusiness Group's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Cannabusiness Group's Receivables Turnover distribution charts can be found below:

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



Cannabusiness Group Receivables Turnover Calculation

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

Cannabusiness Group's Receivables Turnover for the fiscal year that ended in Dec. 2007 is calculated as

Receivables Turnover (A: Dec. 2007 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2007 ) / ((Accounts Receivable (A: Dec. 2006 ) + Accounts Receivable (A: Dec. 2007 )) / count )
=13.603 / ((0.095 + 0.168) / 2 )
=13.603 / 0.1315
=103.44

Cannabusiness Group's Receivables Turnover for the quarter that ended in Dec. 2007 is calculated as

Receivables Turnover (Q: Dec. 2007 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2007 ) / ((Accounts Receivable (Q: Dec. 2006 ) + Accounts Receivable (Q: Dec. 2007 )) / count )
=13.603 / ((0.095 + 0.168) / 2 )
=13.603 / 0.1315
=103.44

* 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.


Cannabusiness Group  (OTCPK:CBGI) 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.


Cannabusiness Group Receivables Turnover Related Terms

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Cannabusiness Group (Cannabusiness Group) Business Description

Traded in Other Exchanges
N/A
Address
3133 Fortune Way, Suite 15, Wellington, FL, USA, 33414
Cannabusiness Group Inc is engaged in manufacturing sports nutrition. The company offers products including Napalm, Mre, Nuke and Thermofuse.

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