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TRUFF (Red Light Holland) Receivables Turnover : 1.68 (As of Dec. 2024)


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What is Red Light Holland 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. Red Light Holland's Revenue for the three months ended in Dec. 2024 was $0.82 Mil. Red Light Holland's average Accounts Receivable for the three months ended in Dec. 2024 was $0.49 Mil. Hence, Red Light Holland's Receivables Turnover for the three months ended in Dec. 2024 was 1.68.

Red Light Holland Receivables Turnover Historical Data

The historical data trend for Red Light Holland'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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Red Light Holland Receivables Turnover Chart

Red Light Holland Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial - 0.59 8.18 8.49 9.17

Red Light Holland Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 2.68 2.41 3.05 1.85 1.68

Competitive Comparison of Red Light Holland's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Red Light Holland'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.

Red Light Holland's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Red Light Holland's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Red Light Holland's Receivables Turnover falls into.


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Red Light Holland Receivables Turnover Calculation

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

Red Light Holland's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Receivables Turnover (A: Mar. 2024 )
=Revenue / Average Accounts Receivable
=Revenue (A: Mar. 2024 ) / ((Accounts Receivable (A: Mar. 2023 ) + Accounts Receivable (A: Mar. 2024 )) / count )
=3.511 / ((0.379 + 0.387) / 2 )
=3.511 / 0.383
=9.17

Red Light Holland's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

Receivables Turnover (Q: Dec. 2024 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Dec. 2024 ) / ((Accounts Receivable (Q: Sep. 2024 ) + Accounts Receivable (Q: Dec. 2024 )) / count )
=0.82 / ((0.735 + 0.244) / 2 )
=0.82 / 0.4895
=1.68

* 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.

Red Light Holland  (OTCPK:TRUFF) 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.

Red Light Holland Receivables Turnover Related Terms

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Red Light Holland Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Red Light Holland Corp (OTCPK:TRUFF) » Definitions » Receivables Turnover
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Traded in Other Exchanges
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Address
1 Adelaide Street East, Suite 801, Toronto, ON, CAN, M5C 2V9
Website
https://www.redlight.co
Red Light Holland Corp is engaged in the production, growth, and sale of functional mushrooms and mushroom home grow kits in North America and Europe, and a premium brand of psilocybin truffles to the legal, recreational market within the Netherlands. Its products include Microdosing Kit and Merch. Its revenue is comprised of sales of wholesale truffles, cannabis seeds, and other cannabis products and sales of microdose packs.