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. Rocky Mountain High Brands's Revenue for the
three
months ended in Jun. 2020 was $0.67 Mil. Rocky Mountain High Brands's average Accounts Receivable for the
three
months ended in Jun. 2020 was $0.01 Mil.
Hence, Rocky Mountain High Brands's Receivables Turnover for the
three
months ended in Jun. 2020 was 95.57.
Rocky Mountain High Brands (OTCPK:RMHB) 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.
Rocky Mountain High Brands Receivables Turnover Related Terms
Rocky Mountain High Brands Receivables Turnover Historical Data
* 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.
Rocky Mountain High Brands Receivables Turnover Chart
RMHB vs MOJO, CIRX, JSDA: Receivables Turnover Comparison
For the Beverages - Non-Alcoholic subindustry, Rocky Mountain High Brands'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.
Rocky Mountain High Brands Receivables Turnover vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Rocky Mountain High Brands's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Rocky Mountain High Brands'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.
Rocky Mountain High Brands (RMHB) has a Receivables Turnover of 95.57 as of Jun. 2020. 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 Rocky Mountain High Brands and its competitors.
Is Rocky Mountain High Brands' Receivables Turnover too high?
Rocky Mountain High Brands' current Receivables Turnover is 95.57. The Beverages - Non-Alcoholic industry median Receivables Turnover is 8.96. Rocky Mountain High Brands' value of 95.57 is 966.6% above this industry median.
How does Rocky Mountain High Brands' Receivables Turnover compare to MOJO and CIRX?
Rocky Mountain High Brands' Receivables Turnover of 95.57 can be compared against companies in the Beverages - Non-Alcoholic industry. The industry median Receivables Turnover is 8.96. Rocky Mountain High Brands' value of 95.57 is 966.6% above 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 Beverages - Non-Alcoholic company?
The median Receivables Turnover among Beverages - Non-Alcoholic companies is 8.96, based on 117 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. Rocky Mountain High Brands's current Receivables Turnover of 95.57 is 966.6% above 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 Rocky Mountain High Brands and its competitors. For the Beverages - Non-Alcoholic industry, the median Receivables Turnover is 8.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rocky Mountain High Brands's current Receivables Turnover is 95.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rocky Mountain High Brands stock overvalued right now?
Rocky Mountain High Brands (RMHB) has a current Receivables Turnover of 95.57. The current Receivables Turnover is 95.57 and 966.6% above the Beverages - Non-Alcoholic industry median of 8.96. 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 Rocky Mountain High Brands (RMHB), the current Receivables Turnover is 95.57 as of Jun. 2020. 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.
Rocky Mountain High Brands Inc is a Dallas-based consumer goods company that offers energy drinks. The company specializes in developing, manufacturing, marketing, and distributing high-quality, health-conscious, cannabidiol and hemp-infused products that span various categories including beverage, food, fitness, skincare, and more. The company delivers a fresh line of clean-label energy drinks supercharged with hempseed, guarana, ginseng, and pure beet sugar.
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