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NextGen Food Robotics (NEOE:NGRB) Receivables Turnover : 3.37 (As of Jan. 2024)


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What is NextGen Food Robotics 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. NextGen Food Robotics's Revenue for the three months ended in Jan. 2024 was C$0.06 Mil. NextGen Food Robotics's average Accounts Receivable for the three months ended in Jan. 2024 was C$0.02 Mil. Hence, NextGen Food Robotics's Receivables Turnover for the three months ended in Jan. 2024 was 3.37.


NextGen Food Robotics Receivables Turnover Historical Data

The historical data trend for NextGen Food Robotics'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.

NextGen Food Robotics Receivables Turnover Chart

NextGen Food Robotics Annual Data
Trend Apr22 Apr23
Receivables Turnover
- 8.20

NextGen Food Robotics Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 1.10 4.59 1.93 1.51 3.37

Competitive Comparison of NextGen Food Robotics's Receivables Turnover

For the Packaged Foods subindustry, NextGen Food Robotics'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.


NextGen Food Robotics's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, NextGen Food Robotics's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where NextGen Food Robotics's Receivables Turnover falls into.



NextGen Food Robotics Receivables Turnover Calculation

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

NextGen Food Robotics's Receivables Turnover for the fiscal year that ended in Apr. 2023 is calculated as

Receivables Turnover (A: Apr. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Apr. 2023 ) / ((Accounts Receivable (A: Apr. 2022 ) + Accounts Receivable (A: Apr. 2023 )) / count )
=0.205 / ((0.031 + 0.019) / 2 )
=0.205 / 0.025
=8.20

NextGen Food Robotics's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

Receivables Turnover (Q: Jan. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jan. 2024 ) / ((Accounts Receivable (Q: Oct. 2023 ) + Accounts Receivable (Q: Jan. 2024 )) / count )
=0.064 / ((0.036 + 0.002) / 2 )
=0.064 / 0.019
=3.37

* 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.


NextGen Food Robotics  (NEOE:NGRB) 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.


NextGen Food Robotics Receivables Turnover Related Terms

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NextGen Food Robotics (NEOE:NGRB) Business Description

Traded in Other Exchanges
Address
855 Terminal Avenue, Vancouver, BC, CAN, V6A 2M9
NextGen Food Robotics Corp is a multi-division food manufacturing operation that offers commissary and ghost kitchens, co-pack and private label contract manufacturing, and in-house production of the Company's plant-based brand. Additionally, Nextgen is developing the Lily app, which is an AI-powered food application. The Company has two operating segments: co-packing and manufacturing operations and commissary kitchen operations in Canada.

NextGen Food Robotics (NEOE:NGRB) Headlines

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