Greenfern Industries (NZSE:GFI) Receivables Turnover : 3.14 (As of Mar. 2023)

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What is Greenfern Industries 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. Greenfern Industries's Revenue for the six months ended in Mar. 2023 was NZ$0.55 Mil. Greenfern Industries's average Accounts Receivable for the six months ended in Mar. 2023 was NZ$0.18 Mil. Hence, Greenfern Industries's Receivables Turnover for the six months ended in Mar. 2023 was 3.14.

Greenfern Industries Receivables Turnover Historical Data

The historical data trend for Greenfern Industries'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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Greenfern Industries Receivables Turnover Chart

Greenfern Industries Annual Data

Trend

Mar22

Mar23

Receivables Turnover

5.07

3.14

Greenfern Industries Semi-Annual Data
	Mar22	Mar23
Receivables Turnover	5.07	3.14

Competitive Comparison of Greenfern Industries's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Greenfern Industries'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.

Greenfern Industries's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Greenfern Industries's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Greenfern Industries's Receivables Turnover falls into.

Greenfern Industries Receivables Turnover Calculation

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

Greenfern Industries's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	0.551	/ (	(0.042	+	0.309)	/	2 )
=	0.551	/	0.1755
=	3.14

Greenfern Industries'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: Mar. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	0.551	/ (	(0.042	+	0.309)	/	2 )
=	0.551	/	0.1755
=	3.14

Greenfern Industries (NZSE:GFI) 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.

Greenfern Industries Receivables Turnover Related Terms

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Greenfern Industries (NZSE:GFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Greenfern Industries Ltd (NZSE:GFI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

115 Queen Street, Level 8, General Capital House, Auckland, NTL, NZL, 1040

Website

https://www.gfi.nz

Greenfern Industries Ltd is committed to the environmentally friendly production of medicinal cannabis and hemp-based products. It operates in two segments, Cannabis and therapeutics products the operations of this segment reflect the activities of manufacture and distribution of cannabis products, Electricity generation this segment includes the generation and distribution of electricity. The hemp seed and its by-products are used for a range of different products from a high protein ingredient in a plant-based meat substitute, a hemp-based skincare range, and hemp-based beverages amongst other things.