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PSYCF (Psyched Wellness) Receivables Turnover : 1.89 (As of Nov. 2024)


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What is Psyched Wellness 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. Psyched Wellness's Revenue for the three months ended in Nov. 2024 was $0.05 Mil. Psyched Wellness's average Accounts Receivable for the three months ended in Nov. 2024 was $0.03 Mil. Hence, Psyched Wellness's Receivables Turnover for the three months ended in Nov. 2024 was 1.89.

Psyched Wellness Receivables Turnover Historical Data

The historical data trend for Psyched Wellness'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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Psyched Wellness Receivables Turnover Chart

Psyched Wellness Annual Data
Trend Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.43 33.43 22.87

Psyched Wellness Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.84 3.68 9.89 6.57 1.89

Competitive Comparison of Psyched Wellness's Receivables Turnover

For the Packaged Foods subindustry, Psyched Wellness'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.

Psyched Wellness's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Psyched Wellness's Receivables Turnover falls into.


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Psyched Wellness Receivables Turnover Calculation

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

Psyched Wellness's Receivables Turnover for the fiscal year that ended in Nov. 2024 is calculated as

Receivables Turnover (A: Nov. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Nov. 2024 ) / ((Accounts Receivable (A: Nov. 2023 ) + Accounts Receivable (A: Nov. 2024 )) / count )
=0.446 / ((0.012 + 0.027) / 2 )
=0.446 / 0.0195
=22.87

Psyched Wellness's Receivables Turnover for the quarter that ended in Nov. 2024 is calculated as

Receivables Turnover (Q: Nov. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Nov. 2024 ) / ((Accounts Receivable (Q: Aug. 2024 ) + Accounts Receivable (Q: Nov. 2024 )) / count )
=0.053 / ((0.029 + 0.027) / 2 )
=0.053 / 0.028
=1.89

* 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.

Psyched Wellness  (OTCPK:PSYCF) 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.

Psyched Wellness Receivables Turnover Related Terms

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Psyched Wellness Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Psyched Wellness Ltd (OTCPK:PSYCF) » Definitions » Receivables Turnover
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Traded in Other Exchanges
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Address
36 Toronto Street, Suite 701, Toronto, ON, CAN, M5C 2C5
Website
https://www.psyched-wellness.com
Psyched Wellness Ltd is a Canada-based health supplements company, which is engaged in the distribution of mushroom-derived products and associated consumer packaged goods. The Company is producing and developing a line of Amanita Muscaria-derived water-based extracts, teas and capsules designed to help with three health objectives, such as promote stress relief, relaxation, and assist with restful sleeping. The Company's subsidiaries include Psyched Wellness Corp., and AME Wellness Inc.