EDNEF (Eden Empire) Receivables Turnover: 0.63 (As of Apr. 2022)

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What is Eden Empire Receivables Turnover?

Eden Empire EDNEF Receivables Turnover is 0.63 as of Apr. 2022.

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. Eden Empire's Revenue for the three months ended in Apr. 2022 was $0.05 Mil. Eden Empire's average Accounts Receivable for the three months ended in Apr. 2022 was $0.08 Mil. Hence, Eden Empire's Receivables Turnover for the three months ended in Apr. 2022 was 0.63.


Eden Empire  (OTCPK:EDNEF) 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.


Eden Empire Receivables Turnover Related Terms


Eden Empire Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Eden Empire'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.

Eden Empire Receivables Turnover Chart

Eden Empire Annual Data
Trend Jul19 Jul20 Jul21
Receivables Turnover
0.00 0.00 1.32

Eden Empire Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.92 0.63 0.47 0.22 0.63

EDNEF vs ZTS, CTLT, VTRS: Receivables Turnover Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Eden Empire'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.


Eden Empire Receivables Turnover vs Drug Manufacturers Industry

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

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



Eden Empire Receivables Turnover Calculation

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

Eden Empire's Receivables Turnover for the fiscal year that ended in Jul. 2021 is calculated as

Receivables Turnover (A: Jul. 2021 )
=Revenue / Average Accounts Receivable
=Revenue (A: Jul. 2021 ) / ((Accounts Receivable (A: Jul. 2020 ) + Accounts Receivable (A: Jul. 2021 )) / count )
=0.174 / ((0.05 + 0.214) / 2 )
=0.174 / 0.132
=1.32

Eden Empire's Receivables Turnover for the quarter that ended in Apr. 2022 is calculated as

Receivables Turnover (Q: Apr. 2022 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Apr. 2022 ) / ((Accounts Receivable (Q: Jan. 2022 ) + Accounts Receivable (Q: Apr. 2022 )) / count )
=0.051 / ((0.086 + 0.075) / 2 )
=0.051 / 0.0805
=0.63

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 0.63 mean?
Eden Empire (EDNEF) has a Receivables Turnover of 0.63 as of Apr. 2022. The accounts 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. View historical data on Eden Empire and its competitors.
Is Eden Empire's Receivables Turnover too high?
Eden Empire's current Receivables Turnover is 0.63. The Drug Manufacturers industry median Receivables Turnover is 5.07. Eden Empire's value of 0.63 is 87.6% below this industry median.
How does Eden Empire's Receivables Turnover compare to ZTS and CTLT?
Eden Empire's Receivables Turnover of 0.63 can be compared against companies in the Drug Manufacturers industry. The industry median Receivables Turnover is 5.07. Eden Empire's value of 0.63 is 87.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Drug Manufacturers company?
The median Receivables Turnover among Drug Manufacturers companies is 5.07, based on 949 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Eden Empire's current Receivables Turnover of 0.63 is 87.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Eden Empire and its competitors. For the Drug Manufacturers industry, the median Receivables Turnover is 5.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eden Empire's current Receivables Turnover is 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eden Empire stock overvalued right now?
Eden Empire (EDNEF) has a current Receivables Turnover of 0.63. The current Receivables Turnover is 0.63 and 87.6% below the Drug Manufacturers industry median of 5.07. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Eden Empire (EDNEF), the current Receivables Turnover is 0.63 as of Apr. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Eden Empire Business Description

Address The Stack, 1133 Melville Street, Suite 2700, Vancouver, BC, CAN, V6E 4E5
Eden Empire Inc is engaged in the business of operating and investing in the retail cannabis sector.