iFabric (iFabric) Receivables Turnover : 1.00 (As of Jun. 2023)

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What is iFabric 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. iFabric's Revenue for the three months ended in Jun. 2023 was $3.97 Mil. iFabric's average Accounts Receivable for the three months ended in Jun. 2023 was $3.98 Mil. Hence, iFabric's Receivables Turnover for the three months ended in Jun. 2023 was 1.00.

iFabric Receivables Turnover Historical Data

The historical data trend for iFabric'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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iFabric Receivables Turnover Chart

iFabric Annual Data

Trend

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Receivables Turnover

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4.53

3.68

4.57

3.45

3.74

iFabric Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Receivables Turnover	Get a 7-Day Free Trial															1.02	0.92	0.80	1.16	1.00

Competitive Comparison of iFabric's Receivables Turnover

For the Apparel Manufacturing subindustry, iFabric'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.

iFabric's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, iFabric's Receivables Turnover distribution charts can be found below:

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

iFabric Receivables Turnover Calculation

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

iFabric's Receivables Turnover for the fiscal year that ended in Sep. 2021 is calculated as

	Receivables Turnover (A: Sep. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2021 )	/ (	(Accounts Receivable (A: Sep. 2020 )	+	Accounts Receivable (A: Sep. 2021 ))	/	count )
=	15.598	/ (	(3.29	+	5.048)	/	2 )
=	15.598	/	4.169
=	3.74

iFabric's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	3.973	/ (	(4.474	+	3.492)	/	2 )
=	3.973	/	3.983
=	1.00

iFabric (OTCPK:IFABF) 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.

iFabric Receivables Turnover Related Terms

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iFabric (iFabric) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » iFabric Corp (OTCPK:IFABF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

IFA:Canada

Address

525 Denison Street, Unit 1, Markham, ON, CAN, L3R 1B8

Website

https://www.ifabriccorp.com

iFabric Corp is engaged in the business of women's intimate apparel. It has three business segments. The Intimate apparel segment is involved in the design and distribution of women's intimate apparel, and accessories. Its Intelligent fabric segment develops and distributes innovative products and treatments that are suitable for application to textiles, plastics, liquids, and hard surfaces as well as finished performance apparel. The other segment engages in the leasing of property to group companies, related parties, and third parties. Its geographical segments include Canada, United States, United Kingdom, and Southeast Asia & others. The company derives the majority of its revenue from the Intimate apparel segment and its geographical location of Canada.