NoHo (DRNK) Receivables Turnover : 0.09 (As of Jun. 2017)

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What is NoHo 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. NoHo's Revenue for the three months ended in Jun. 2017 was $0.02 Mil. NoHo's average Accounts Receivable for the three months ended in Jun. 2017 was $0.22 Mil. Hence, NoHo's Receivables Turnover for the three months ended in Jun. 2017 was 0.09.

NoHo Receivables Turnover Historical Data

The historical data trend for NoHo'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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NoHo Receivables Turnover Chart

NoHo Annual Data

Trend

Oct11

Oct12

Dec13

Dec14

Dec15

Dec16

Receivables Turnover

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14.72

21.21

6.61

NoHo Quarterly Data
	Jan12	Apr12	Jul12	Oct12	Jan13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Jun15	Sep15	Dec15	Jun16	Dec16	Mar17	Jun17
Receivables Turnover	Get a 7-Day Free Trial														0.10	0.03	-	0.06	0.09

Competitive Comparison of NoHo's Receivables Turnover

For the Specialty Chemicals subindustry, NoHo'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.

NoHo's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, NoHo's Receivables Turnover distribution charts can be found below:

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

NoHo Receivables Turnover Calculation

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

NoHo'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: Dec. 2015 )	+	Accounts Receivable (A: Dec. 2016 ))	/	count )
=	0	/ (	(0.148	+	0.205)	/	2 )
=	0	/	0.1765
=	N/A

NoHo's Receivables Turnover for the quarter that ended in Jun. 2017 is calculated as

	Receivables Turnover (Q: Jun. 2017 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2017 )	/ (	(Accounts Receivable (Q: Mar. 2017 )	+	Accounts Receivable (Q: Jun. 2017 ))	/	count )
=	0.02	/ (	(0.205	+	0.243)	/	2 )
=	0.02	/	0.224
=	0.09

NoHo (OTCPK:DRNK) 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.

NoHo Receivables Turnover Related Terms

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NoHo (DRNK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » NoHo Inc (OTCPK:DRNK) » Definitions » Receivables Turnover

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Address

4701 Orange Dr, Building 19 Unit 28, Davie, Miami, FL, USA, 85258

Website

https://www.smogarmor.com

NoHo Inc develops, markets, sells and distributes a lifestyle beverage category product NOHO, a beverage for hangover defense. The company purchases raw materials and outsources manufacturing to a third party.