Corix Bioscience (Corix Bioscience) Receivables Turnover : 0.00 (As of Sep. 2017)

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What is Corix Bioscience 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. Corix Bioscience's Revenue for the three months ended in Sep. 2017 was $0.00 Mil. Corix Bioscience's average Accounts Receivable for the three months ended in Sep. 2017 was $0.00 Mil.

Corix Bioscience Receivables Turnover Historical Data

The historical data trend for Corix Bioscience'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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Corix Bioscience Receivables Turnover Chart

Corix Bioscience Annual Data

Trend

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Dec16

Receivables Turnover

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347.00

Corix Bioscience Quarterly Data
	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17
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Competitive Comparison of Corix Bioscience's Receivables Turnover

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

Corix Bioscience's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

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

Corix Bioscience Receivables Turnover Calculation

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

Corix Bioscience's Receivables Turnover for the fiscal year that ended in Dec. 2016 is calculated as

	Receivables Turnover (A: Dec. 2016 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2016 )	/ (	(Accounts Receivable (A: Jan. 2015 )	+	Accounts Receivable (A: Dec. 2016 ))	/	count )
=	0.694	/ (	(0	+	0.002)	/	1 )
=	0.694	/	0.002
=	347.00

Corix Bioscience's Receivables Turnover for the quarter that ended in Sep. 2017 is calculated as

	Receivables Turnover (Q: Sep. 2017 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2017 )	/ (	(Accounts Receivable (Q: Jun. 2017 )	+	Accounts Receivable (Q: Sep. 2017 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Corix Bioscience (GREY:CXBS) 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.

Corix Bioscience Receivables Turnover Related Terms

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Corix Bioscience (Corix Bioscience) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Corix Bioscience Inc (GREY:CXBS) » Definitions » Receivables Turnover

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Address

18662 MaCaurther Boulevard, Suite 200, Irvine, CA, USA, 85085

Website

http://www.corixbioscience.com

Corix Bioscience Inc is a United States-based research and development firm of cannabidiol (CBD) products and treatments. It is engaged in the business of producing organic CBD oil used for medical applications and treatments. In addition, the group is also focused on the production of tetrahydrocannabivarin oil. The company is focused on operations in Oregon, California, and Nevada, United States.

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