ProGreen US (ProGreen US) Receivables Turnover : 0.17 (As of Jan. 2019)

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What is ProGreen US 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. ProGreen US's Revenue for the three months ended in Jan. 2019 was $0.01 Mil. ProGreen US's average Accounts Receivable for the three months ended in Jan. 2019 was $0.06 Mil. Hence, ProGreen US's Receivables Turnover for the three months ended in Jan. 2019 was 0.17.

ProGreen US Receivables Turnover Historical Data

The historical data trend for ProGreen US'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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ProGreen US Receivables Turnover Chart

ProGreen US Annual Data

Trend

Dec08

Apr10

Apr11

Apr12

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Receivables Turnover

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22.44

32.47

15.29

25.00

ProGreen US Quarterly Data
	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19
Receivables Turnover	Get a 7-Day Free Trial															-	-	-	0.86	0.17

Competitive Comparison of ProGreen US's Receivables Turnover

For the Real Estate - Development subindustry, ProGreen US'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.

ProGreen US's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, ProGreen US's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where ProGreen US's Receivables Turnover falls into.

ProGreen US Receivables Turnover Calculation

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

ProGreen US's Receivables Turnover for the fiscal year that ended in Apr. 2018 is calculated as

	Receivables Turnover (A: Apr. 2018 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Apr. 2018 )	/ (	(Accounts Receivable (A: Apr. 2017 )	+	Accounts Receivable (A: Apr. 2018 ))	/	count )
=	-0.075	/ (	(0.005	+	0)	/	1 )
=	-0.075	/	0.005
=	N/A

ProGreen US's Receivables Turnover for the quarter that ended in Jan. 2019 is calculated as

	Receivables Turnover (Q: Jan. 2019 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2019 )	/ (	(Accounts Receivable (Q: Oct. 2018 )	+	Accounts Receivable (Q: Jan. 2019 ))	/	count )
=	0.01	/ (	(0.059	+	0)	/	1 )
=	0.01	/	0.059
=	0.17

ProGreen US (GREY:PGUS) 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.

ProGreen US Receivables Turnover Related Terms

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ProGreen US (ProGreen US) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » ProGreen US Inc (GREY:PGUS) » Definitions » Receivables Turnover

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Address

2667 Camino del Rio South, Suite 312, San Diego, CA, USA, 92108-3763

Website

http://www.progreenus.com

ProGreen US Inc is engaged in acquiring, refurbishing and upgrading income-producing residential real estate. The company acquires, refurbishes and upgrades existing properties into more environmentally sustainable, energy efficient, comfortable and healthier living spaces.