Ventura Cannabis and Wellness (Ventura Cannabis and Wellness) Receivables Turnover : 0.33 (As of May. 2020)

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What is Ventura Cannabis and Wellness 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. Ventura Cannabis and Wellness's Revenue for the three months ended in May. 2020 was $0.91 Mil. Ventura Cannabis and Wellness's average Accounts Receivable for the three months ended in May. 2020 was $2.76 Mil. Hence, Ventura Cannabis and Wellness's Receivables Turnover for the three months ended in May. 2020 was 0.33.

Ventura Cannabis and Wellness Receivables Turnover Historical Data

The historical data trend for Ventura Cannabis and Wellness'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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Ventura Cannabis and Wellness Receivables Turnover Chart

Ventura Cannabis and Wellness Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Nov14

Nov15

Feb17

Feb18

Feb19

Feb20

Receivables Turnover

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6.26

4.41

4.02

4.34

2.62

Ventura Cannabis and Wellness Quarterly Data
	May15	Aug15	Nov15	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20
Receivables Turnover	Get a 7-Day Free Trial															0.64	0.73	0.89	0.75	0.33

Competitive Comparison of Ventura Cannabis and Wellness's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Ventura Cannabis and Wellness'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.

Ventura Cannabis and Wellness's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Ventura Cannabis and Wellness's Receivables Turnover falls into.

Ventura Cannabis and Wellness Receivables Turnover Calculation

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

Ventura Cannabis and Wellness's Receivables Turnover for the fiscal year that ended in Feb. 2020 is calculated as

	Receivables Turnover (A: Feb. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Feb. 2020 )	/ (	(Accounts Receivable (A: Feb. 2019 )	+	Accounts Receivable (A: Feb. 2020 ))	/	count )
=	10.738	/ (	(5.329	+	2.855)	/	2 )
=	10.738	/	4.092
=	2.62

Ventura Cannabis and Wellness's Receivables Turnover for the quarter that ended in May. 2020 is calculated as

	Receivables Turnover (Q: May. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: May. 2020 )	/ (	(Accounts Receivable (Q: Feb. 2020 )	+	Accounts Receivable (Q: May. 2020 ))	/	count )
=	0.905	/ (	(2.855	+	2.67)	/	2 )
=	0.905	/	2.7625
=	0.33

Ventura Cannabis and Wellness (OTCPK:CVHIF) 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.

Ventura Cannabis and Wellness Receivables Turnover Related Terms

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Ventura Cannabis and Wellness (Ventura Cannabis and Wellness) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ventura Cannabis and Wellness Corp (OTCPK:CVHIF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

800 W. 6th St, Suite 1415, Los Angeles, CA, USA, 90017

Website

http://www.venturacanna.com

Ventura Cannabis and Wellness Corp is a vertically integrated, California-based products cannabis company. The company is currently building out its distribution channel through revenue-sharing agreements with owner-operator of cannabis dispensaries to ensure it's products get premium shelf space. The Company plans to target four segments in the U.S. cannabis and CBD market with products suited to their needs: senior citizens, upwardly mobile middle-aged female professionals, upwardly mobile middle-aged male professionals and individuals suffering from addiction. These segments desire discrete and well-designed products as well as the accurate dosage of THC.