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Maverick Lifestyle (Maverick Lifestyle) Receivables Turnover : 3.51 (As of Jun. 2023)


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What is Maverick Lifestyle 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. Maverick Lifestyle's Revenue for the three months ended in Jun. 2023 was $0.45 Mil. Maverick Lifestyle's average Accounts Receivable for the three months ended in Jun. 2023 was $0.13 Mil. Hence, Maverick Lifestyle's Receivables Turnover for the three months ended in Jun. 2023 was 3.51.

Maverick Lifestyle Receivables Turnover Historical Data

The historical data trend for Maverick Lifestyle'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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Maverick Lifestyle Receivables Turnover Chart

Maverick Lifestyle Annual Data
Trend Dec20 Dec21 Dec22
Receivables Turnover
- 15.41 23.94

Maverick Lifestyle Quarterly Data
Dec21 Mar22 Jun22 Dec22 Mar23 Jun23
Receivables Turnover Get a 7-Day Free Trial 7.28 - - 4.21 3.51

Competitive Comparison of Maverick Lifestyle's Receivables Turnover

For the Tobacco subindustry, Maverick Lifestyle'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.

Maverick Lifestyle's Receivables Turnover Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Maverick Lifestyle's Receivables Turnover distribution charts can be found below:

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


Maverick Lifestyle Receivables Turnover Calculation

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

Maverick Lifestyle's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=2.25 / ((0.069 + 0.119) / 2 )
=2.25 / 0.094
=23.94

Maverick Lifestyle'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 )
=0.453 / ((0.104 + 0.154) / 2 )
=0.453 / 0.129
=3.51

* 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.

Maverick Lifestyle  (NAS:MVRK) 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.

Maverick Lifestyle Receivables Turnover Related Terms

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Maverick Lifestyle (Maverick Lifestyle) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Maverick Lifestyle Inc (NAS:MVRK) » Definitions » Receivables Turnover
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Traded in Other Exchanges
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Address
7427 NC Highway 58 South, Stantonsburg, NC, USA, 27883
Website
Maverick Lifestyle Inc is a Hemp Canna-Infused Products Company primarily engaged in the manufacturing, branding, marketing, distribution and sales of products infused with hemp-derived cannabinoids (including but not limited to delta-8-THC, delta-9-THC, delta-10-THC, HHC, CBD, CBG and CBN) such as pre-rolled hemp joints and hemp cigarettes, hemp cigarillos, blunts, disposable live resin vapes, gummies and unique edibles. It is also engaged in the development of high speed rolling manufacturing technology specifically designed for the hemp and cannabis industry, such as converting high speed tobacco rolling machines to roll stickier products such as delta-8-THC, HHC infused hemp, packing machines to automatically package rolled products into consumer packaging ready for the shelf.

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