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. Sharing Services Global's Revenue for the
three
months ended in Sep. 2024 was $2.09 Mil. Sharing Services Global's average Accounts Receivable for the
three
months ended in Sep. 2024 was $0.30 Mil.
Hence, Sharing Services Global's Receivables Turnover for the
three
months ended in Sep. 2024 was 7.00.
Sharing Services Global (OTCPK:SHRG) 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.
Sharing Services Global Receivables Turnover Related Terms
Sharing Services Global Receivables Turnover Historical Data
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The historical data trend for Sharing Services Global'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.
Sharing Services Global Receivables Turnover Chart
SHRG vs AVRW, JBS, KHC: Receivables Turnover Comparison
For the Packaged Foods subindustry, Sharing Services Global'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.
Sharing Services Global Receivables Turnover vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Sharing Services Global's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Sharing Services Global'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.
Sharing Services Global (SHRG) has a Receivables Turnover of 7.00 as of Sep. 2024. 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 Sharing Services Global and its competitors.
Is Sharing Services Global's Receivables Turnover too high?
Sharing Services Global's current Receivables Turnover is 7.00. The Consumer Packaged Goods industry median Receivables Turnover is 9.37. Sharing Services Global's value of 7.00 is 25.3% below this industry median. Overall, Sharing Services Global has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Sharing Services Global's Receivables Turnover compare to AVRW and JBS?
Sharing Services Global's Receivables Turnover of 7.00 can be compared against companies in the Consumer Packaged Goods industry. The industry median Receivables Turnover is 9.37. Sharing Services Global's value of 7.00 is 25.3% 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 9.37, based on 1,937 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. Sharing Services Global's current Receivables Turnover of 7.00 is 25.3% 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 Sharing Services Global and its competitors. For the Consumer Packaged Goods industry, the median Receivables Turnover is 9.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sharing Services Global's current Receivables Turnover is 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sharing Services Global stock overvalued right now?
Sharing Services Global (SHRG) has a current Receivables Turnover of 7.00. The current Receivables Turnover is 7.00 and 25.3% below the Consumer Packaged Goods industry median of 9.37. Sharing Services Global's overall GF Score™ is 12/100. 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 Sharing Services Global (SHRG), the current Receivables Turnover is 7.00 as of Sep. 2024. 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.
Sharing Services Global Corp is a diversified holding company specializing in the direct selling industry. The company owns, operates, or controls an interest in various companies that sell products and services to the consumer directly through independent representatives ranging from health and wellness, energy, technology, insurance services, training, media, and travel benefits. Its operating segment includes Sale of health and wellness products and the sale of member-based travel services through an independent sales force. The company derives the maximum revenue from the Health and wellness products segment. Geographically, it generates a majority of its revenue from the United States.
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