NGTF (NightFood Holdings) Receivables Turnover : 15.00 (As of Dec. 2024)

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What is NightFood 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. NightFood Holdings's Revenue for the three months ended in Dec. 2024 was $0.02 Mil. NightFood Holdings's average Accounts Receivable for the three months ended in Dec. 2024 was $0.00 Mil. Hence, NightFood Holdings's Receivables Turnover for the three months ended in Dec. 2024 was 15.00.

NightFood Holdings Receivables Turnover Historical Data

The historical data trend for NightFood 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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NightFood Holdings Receivables Turnover Chart

NightFood Holdings Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Receivables Turnover

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4.57

8.20

4.35

2.16

3.49

NightFood Holdings Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															0.03	0.04	3.29	2.09	15.00

Competitive Comparison of NightFood Holdings's Receivables Turnover

For the Packaged Foods subindustry, NightFood 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.

NightFood Holdings's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

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

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NightFood Holdings Receivables Turnover Calculation

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

NightFood Holdings's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Receivables Turnover (A: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2024 )	/ (	(Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )
=	0.089	/ (	(0.029	+	0.022)	/	2 )
=	0.089	/	0.0255
=	3.49

NightFood Holdings's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	0.015	/ (	(0.001	+	0.001)	/	2 )
=	0.015	/	0.001
=	15.00

NightFood Holdings (OTCPK:NGTF) 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.

NightFood Holdings Receivables Turnover Related Terms

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NightFood Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » NightFood Holdings Inc (OTCPK:NGTF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

520 White Plains Road, Suite 500, Tarrytown, NY, USA, 10591

Website

https://www.nightfood.com

NightFood Holdings Inc has its markets based on the food and snack industry. The company is in the business of manufacturing, marketing, and distributing snacks specifically for consumption in the evening. It specializes in identifying and exploiting explosive market trends within the hospitality, food services, and consumer goods sectors. It provides ice cream products through distributors and non-traditional retailers.

Executives

Thomas F Morse	director	PO BOX 1351, WALLED LAKE MI 48390
Nisa Amoils	director	21 EAST 96TH STREET, NEW YORK NY 10128
Thanuja K. Hamilton	director	602 CANTOR TRAIL, CHERRY HILL NJ 08002
Sean Folkson	director, 10 percent owner, officer: CEO	85 PARKVIEW ROAD, ELMSFORD NY 10523
Peter E Leighton	10 percent owner	5157 JACKSON STREET, OMAHA NE 68106