Just Kitchen Holdings (Just Kitchen Holdings) Receivables Turnover : 5.84 (As of Mar. 2023)

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What is Just Kitchen Holdings 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. Just Kitchen Holdings's Revenue for the three months ended in Mar. 2023 was $2.04 Mil. Just Kitchen Holdings's average Accounts Receivable for the three months ended in Mar. 2023 was $0.35 Mil. Hence, Just Kitchen Holdings's Receivables Turnover for the three months ended in Mar. 2023 was 5.84.

Just Kitchen Holdings Receivables Turnover Historical Data

The historical data trend for Just Kitchen Holdings'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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Just Kitchen Holdings Receivables Turnover Chart

Just Kitchen Holdings Annual Data

Trend

Sep20

Sep21

Sep22

Receivables Turnover

11.85

38.03

34.73

Just Kitchen Holdings Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Receivables Turnover	Get a 7-Day Free Trial								8.13	8.22	7.65	7.11	5.84

Competitive Comparison of Just Kitchen Holdings's Receivables Turnover

For the Restaurants subindustry, Just Kitchen Holdings'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.

Just Kitchen Holdings's Receivables Turnover Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Just Kitchen Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Just Kitchen Holdings's Receivables Turnover falls into.

Just Kitchen Holdings Receivables Turnover Calculation

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

Just Kitchen Holdings's Receivables Turnover for the fiscal year that ended in Sep. 2022 is calculated as

	Receivables Turnover (A: Sep. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2022 )	/ (	(Accounts Receivable (A: Sep. 2021 )	+	Accounts Receivable (A: Sep. 2022 ))	/	count )
=	14.221	/ (	(0.378	+	0.441)	/	2 )
=	14.221	/	0.4095
=	34.73

Just Kitchen Holdings's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	2.035	/ (	(0.386	+	0.311)	/	2 )
=	2.035	/	0.3485
=	5.84

Just Kitchen Holdings (OTCPK:JKHCF) 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.

Just Kitchen Holdings Receivables Turnover Related Terms

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Just Kitchen Holdings (Just Kitchen Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Just Kitchen Holdings Corp (OTCPK:JKHCF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

68Z:Germany JK:Canada

Address

800 West Pender Street, Suite 1430, Vancouver, BC, CAN, V6C 2V6

Website

https://en.justkitchen.com

Just Kitchen Holdings Corp is a cloud kitchen meal preparation company with operations in Taiwan, Hong Kong, Singapore, Philippines, Malaysia, and Thailand. The Company combines advanced food preparation with underused real estate and leverages online mobile application-based food ordering and delivery companies reaching wider geographies, which includes under-served markets. The company's business model combines strategically located cloud kitchens or virtual kitchens in a hub-and-spoke infrastructure throughout high-density urban areas.

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