Harvest Health & Recreation (Harvest Health & Recreation) Receivables Turnover : 11.22 (As of Jun. 2021)

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What is Harvest Health & Recreation 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. Harvest Health & Recreation's Revenue for the three months ended in Jun. 2021 was $102.5 Mil. Harvest Health & Recreation's average Accounts Receivable for the three months ended in Jun. 2021 was $9.1 Mil. Hence, Harvest Health & Recreation's Receivables Turnover for the three months ended in Jun. 2021 was 11.22.

Harvest Health & Recreation Receivables Turnover Historical Data

The historical data trend for Harvest Health & Recreation'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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Harvest Health & Recreation Receivables Turnover Chart

Harvest Health & Recreation Annual Data

Trend

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Dec19

Dec20

Receivables Turnover

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37.87

80.00

78.00

19.90

28.63

Harvest Health & Recreation Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Receivables Turnover	Get a 7-Day Free Trial															3.45	3.61	6.37	12.77	11.22

Competitive Comparison of Harvest Health & Recreation's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Harvest Health & Recreation'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.

Harvest Health & Recreation's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Harvest Health & Recreation's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Harvest Health & Recreation's Receivables Turnover falls into.

Harvest Health & Recreation Receivables Turnover Calculation

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

Harvest Health & Recreation's Receivables Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Receivables Turnover (A: Dec. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2020 )	/ (	(Accounts Receivable (A: Dec. 2019 )	+	Accounts Receivable (A: Dec. 2020 ))	/	count )
=	231.46	/ (	(11.737	+	4.43)	/	2 )
=	231.46	/	8.0835
=	28.63

Harvest Health & Recreation's Receivables Turnover for the quarter that ended in Jun. 2021 is calculated as

	Receivables Turnover (Q: Jun. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2021 )	/ (	(Accounts Receivable (Q: Mar. 2021 )	+	Accounts Receivable (Q: Jun. 2021 ))	/	count )
=	102.463	/ (	(9.477	+	8.788)	/	2 )
=	102.463	/	9.1325
=	11.22

Harvest Health & Recreation (OTCPK:HRVSF) 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.

Harvest Health & Recreation Receivables Turnover Related Terms

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Harvest Health & Recreation (Harvest Health & Recreation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Harvest Health & Recreation Inc (OTCPK:HRVSF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1155 W. Rio Salado Parkway, Suite 201, Tempe, AZ, USA, 85281

Website

https://www.harvesthoc.com

Harvest Health & Recreation Inc is a vertically integrated cannabis company. Its segment includes the production and sale of cannabis with three business areas including cultivation, processing, and retail dispensaries. Cultivation harvest grows cannabis in outdoor, indoor, and greenhouse facilities. Processing harvest converts cannabis biomass into formulated oil using a variety of proprietary extraction techniques. Retail dispensaries harvest operates and provides services to retail dispensaries that sell proprietary and third-party cannabis products to patients and customers.