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KushCo Holdings (KushCo Holdings) Receivables Turnover : 3.17 (As of May. 2021)


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What is KushCo 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. KushCo Holdings's Revenue for the three months ended in May. 2021 was $28.3 Mil. KushCo Holdings's average Accounts Receivable for the three months ended in May. 2021 was $8.9 Mil. Hence, KushCo Holdings's Receivables Turnover for the three months ended in May. 2021 was 3.17.


KushCo Holdings Receivables Turnover Historical Data

The historical data trend for KushCo 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.

* Premium members only.

KushCo Holdings Receivables Turnover Chart

KushCo Holdings Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20
Receivables Turnover
Get a 7-Day Free Trial 47.49 19.84 10.12 8.62 6.43

KushCo Holdings Quarterly Data
Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.59 2.57 2.50 2.94 3.17

Competitive Comparison of KushCo Holdings's Receivables Turnover

For the Packaging & Containers subindustry, KushCo 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.


KushCo Holdings's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, KushCo Holdings's Receivables Turnover distribution charts can be found below:

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



KushCo Holdings Receivables Turnover Calculation

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

KushCo Holdings's Receivables Turnover for the fiscal year that ended in Aug. 2020 is calculated as

Receivables Turnover (A: Aug. 2020 )
=Revenue / Average Total Inventories
=Revenue (A: Aug. 2020 ) / ((Accounts Receivable (A: Aug. 2019 ) + Accounts Receivable (A: Aug. 2020 )) / count )
=113.837 / ((25.972 + 9.427) / 2 )
=113.837 / 17.6995
=6.43

KushCo Holdings's Receivables Turnover for the quarter that ended in May. 2021 is calculated as

Receivables Turnover (Q: May. 2021 )
=Revenue / Average Total Inventories
=Revenue (Q: May. 2021 ) / ((Accounts Receivable (Q: Feb. 2021 ) + Accounts Receivable (Q: May. 2021 )) / count )
=28.319 / ((10.449 + 7.398) / 2 )
=28.319 / 8.9235
=3.17

* 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.


KushCo Holdings  (OTCPK:KSHB) 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.


KushCo Holdings Receivables Turnover Related Terms

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KushCo Holdings (KushCo Holdings) Business Description

Traded in Other Exchanges
N/A
Address
6261 Katella Avenue, Suite 250, Cypress, CA, USA, 90630
KushCo Holdings Inc is engaged in marketing and selling of customized packaging products, vaporizers, hydrocarbon gases, solvents, accessories and branding solutions to customers operating in the regulated medical and recreational cannabis industries. The firm's packaging products consist of bottles, bags, tubes, and containers. Its subsidiaries and brands provide product quality, customer service, compliance knowledge and a local presence in serving its diverse customer base. The firm has sold more than 1 billion units to growers, processors and producers across North America, South America, and Europe.
Executives
Stephen Christoffersen officer: Chief Financial Officer 6261 KATELLA AVENUE, SUITE 250, CYPRESS CA 90630
Peter A. Kadens director C/O KUSHCO HOLDINGS, INC., 6261 KATELLA AVE STE 250, CYPRESS CA 90630
Nicholas Kovacevich director, officer: Chairman and CEO 2618 SAN MIGUEL DRIVE, #480, NEWPORT BEACH CA 92660
Oliveira Rodrigo De officer: Chief Operating Officer C/O KUSHCO HOLDINGS, INC., 11958 MONARCH STREET, GARDEN GROVE CA 92841
Donald H Hunter director C/O HARBOR GLOBAL CO LTD, ONE FANEUIL HALL MARKET PLACE, BOSTON MA 02109
Barbara Goodstein director 23 MAIN STREET, HOLMDEL NJ 07733
Dallas Imbimbo director 1800 NEWPORT CIRCLE, SANTA ANA CA 92705
Eric Baum director 866 BERKSHIRE DRIVE, WESTBURY NY 11590
Christopher Tedford officer: Chief Financial Officer C/O KUSHCO HOLDINGS, INC. 11958 MONARCH STREET GARDEN GROVE CA 92841
Jason Vegotsky officer: Chief Revenue Officer C/O KUSHCO HOLDINGS, INC. 11958 MONARCH STREET GARDEN GROVE CA 92841
Jim Mccormick officer: CFO and COO 1800 NEWPORT CIRCLE SANTA ANA CA 92705
Ben Wu other: Consultant, Former COO 1800 NEWPORT CIRCLE SANTA ANA CA 92705
Chris Martin other: None 1800 NEWPORT CIRCLE SANTA ANA CA 92705
Greg Gamet other: None 3539 GAYLORD STREET DENVER CO 80205
Jeffrey Meng 10 percent owner 17595 HARVARD STREET C552 IRVINE CA 92614

KushCo Holdings (KushCo Holdings) Headlines

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