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. The Real Good Food Co's Revenue for the
three
months ended in Sep. 2023 was $55.6 Mil. The Real Good Food Co's average Accounts Receivable for the
three
months ended in Sep. 2023 was $26.4 Mil.
Hence, The Real Good Food Co's Receivables Turnover for the
three
months ended in Sep. 2023 was 2.11.
The Real Good Food Co (OTCPK:RGFC) 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.
The Real Good Food Co Receivables Turnover Related Terms
The Real Good Food Co Receivables Turnover Historical Data
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The historical data trend for The Real Good Food Co'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.
RGFC vs PLAG, NAII, FARM: Receivables Turnover Comparison
For the Packaged Foods subindustry, The Real Good Food Co'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.
The Real Good Food Co Receivables Turnover vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, The Real Good Food Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where The Real Good Food Co's Receivables Turnover falls into.
* 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.
The Real Good Food Co (RGFC) has a Receivables Turnover of 2.11 as of Sep. 2023. The accounts 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. View historical data on The Real Good Food Co and its competitors.
Is The Real Good Food Co's Receivables Turnover too high?
The Real Good Food Co's current Receivables Turnover is 2.11. The Consumer Packaged Goods industry median Receivables Turnover is 9.38. The Real Good Food Co's value of 2.11 is 77.5% below this industry median. Overall, The Real Good Food Co has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does The Real Good Food Co's Receivables Turnover compare to PLAG and NAII?
The Real Good Food Co's Receivables Turnover of 2.11 can be compared against companies in the Consumer Packaged Goods industry. The industry median Receivables Turnover is 9.38. The Real Good Food Co's value of 2.11 is 77.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Consumer Packaged Goods company?
The median Receivables Turnover among Consumer Packaged Goods companies is 9.38, based on 1,936 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. The Real Good Food Co's current Receivables Turnover of 2.11 is 77.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on The Real Good Food Co and its competitors. For the Consumer Packaged Goods industry, the median Receivables Turnover is 9.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Real Good Food Co's current Receivables Turnover is 2.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Real Good Food Co stock overvalued right now?
The Real Good Food Co (RGFC) has a current Receivables Turnover of 2.11. The current Receivables Turnover is 2.11 and 77.5% below the Consumer Packaged Goods industry median of 9.38. The Real Good Food Co's overall GF Score™ is 14/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For The Real Good Food Co (RGFC), the current Receivables Turnover is 2.11 as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
The Real Good Food Co Inc is a frozen food company that develops, markets, and manufactures foods high in protein, low in sugar, and gluten- and grain-free. The company produces breakfast sandwiches, entrees, and other products, primarily sold in the U.S. frozen food category. All of its revenue is derived from the United States.
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