Pideka Group (Pideka Group) Receivables Turnover : 1.47 (As of Sep. 2021)

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What is Pideka 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. Pideka Group's Revenue for the three months ended in Sep. 2021 was $0.06 Mil. Pideka Group's average Accounts Receivable for the three months ended in Sep. 2021 was $0.04 Mil. Hence, Pideka Group's Receivables Turnover for the three months ended in Sep. 2021 was 1.47.

Pideka Group Receivables Turnover Historical Data

The historical data trend for Pideka 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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Pideka Group Receivables Turnover Chart

Pideka Group Annual Data

Trend

Receivables Turnover

Pideka Group Quarterly Data
	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21
Receivables Turnover	Get a 7-Day Free Trial			-	-	3.98	2.99	1.47

Competitive Comparison of Pideka Group's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Pideka 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.

Pideka Group's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

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

Pideka Group Receivables Turnover Calculation

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

Pideka Group's Receivables Turnover for the fiscal year that ended in . 20 is calculated as

	Receivables Turnover (A: . 20 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: . 20 )	/ (	(Accounts Receivable (A: . 20 )	+	Accounts Receivable (A: . 20 ))	/	count )
=		/ (	(	+	)	/	1 )
=		/	0
=	N/A

Pideka Group's Receivables Turnover for the quarter that ended in Sep. 2021 is calculated as

	Receivables Turnover (Q: Sep. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2021 )	/ (	(Accounts Receivable (Q: Jun. 2021 )	+	Accounts Receivable (Q: Sep. 2021 ))	/	count )
=	0.063	/ (	(0.063	+	0.023)	/	2 )
=	0.063	/	0.043
=	1.47

Pideka Group (OTCPK:CIMVF) 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.

Pideka Group Receivables Turnover Related Terms

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Pideka Group (Pideka Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Pideka Group Inc (OTCPK:CIMVF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

40 King Street West, 2100 Scotia Plaza, Toronto, ON, CAN, M5H 3C2

Website

https://www.ikanikfarms.com

Pideka Group Inc is multi-national operator with a medical grade indoor cultivation facility and laboratory in Colombia which holds GMP-PHARMA and good agricultural and collection practice certifications, and a retail operation in California.