Grounded People Apparel (STU:K1G) Receivables Turnover : 64.00 (As of Aug. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Grounded People Apparel 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. Grounded People Apparel's Revenue for the three months ended in Aug. 2024 was €0.06 Mil. Grounded People Apparel's average Accounts Receivable for the three months ended in Aug. 2024 was €0.00 Mil. Hence, Grounded People Apparel's Receivables Turnover for the three months ended in Aug. 2024 was 64.00.

Grounded People Apparel Receivables Turnover Historical Data

The historical data trend for Grounded People Apparel'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.

* Premium members only.

Grounded People Apparel Receivables Turnover Chart

Grounded People Apparel Annual Data

Trend

Feb23

Feb24

Receivables Turnover

28.00

20.50

Grounded People Apparel Quarterly Data
	Aug21	Nov21	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Receivables Turnover	Get a 7-Day Free Trial						-	-	25.00	37.00	64.00

Competitive Comparison of Grounded People Apparel's Receivables Turnover

For the Footwear & Accessories subindustry, Grounded People Apparel'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.

Grounded People Apparel's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Grounded People Apparel's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Grounded People Apparel's Receivables Turnover falls into.

Grounded People Apparel Receivables Turnover Calculation

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

Grounded People Apparel's Receivables Turnover for the fiscal year that ended in Feb. 2024 is calculated as

	Receivables Turnover (A: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Feb. 2024 )	/ (	(Accounts Receivable (A: Feb. 2023 )	+	Accounts Receivable (A: Feb. 2024 ))	/	count )
=	0.041	/ (	(0.003	+	0.001)	/	2 )
=	0.041	/	0.002
=	20.50

Grounded People Apparel's Receivables Turnover for the quarter that ended in Aug. 2024 is calculated as

	Receivables Turnover (Q: Aug. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Aug. 2024 )	/ (	(Accounts Receivable (Q: May. 2024 )	+	Accounts Receivable (Q: Aug. 2024 ))	/	count )
=	0.064	/ (	(0	+	0.001)	/	1 )
=	0.064	/	0.001
=	64.00

Grounded People Apparel (STU:K1G) 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.

Grounded People Apparel Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Grounded People Apparel's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Grounded People Apparel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Grounded People Apparel Inc (STU:K1G) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SHOE:Canada

Address

800 - 1199 West Hastings Street, Vancouver, BC, CAN, V6E 3T5

Website

https://www.groundedpeople.com

Grounded People Apparel Inc is primarily engaged in the business of fair trade, sustainable and earth-conscious fashion. The Company's initial focus is on the design and production of shoes, and more specifically, high-top and low-cut canvassed sneakers.

Grounded People Apparel Headlines

No Headlines