Goodfood Market (TSX:FOOD) Receivables Turnover : 13.06 (As of Aug. 2024)

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What is Goodfood Market 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. Goodfood Market's Revenue for the three months ended in Aug. 2024 was C$34.1 Mil. Goodfood Market's average Accounts Receivable for the three months ended in Aug. 2024 was C$2.6 Mil. Hence, Goodfood Market's Receivables Turnover for the three months ended in Aug. 2024 was 13.06.

Goodfood Market Receivables Turnover Historical Data

The historical data trend for Goodfood Market'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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Goodfood Market Receivables Turnover Chart

Goodfood Market Annual Data

Trend

Dec15

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Aug24

Receivables Turnover

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Goodfood Market Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Receivables Turnover	Get a 7-Day Free Trial															9.08	10.18	10.51	12.44	13.06

Competitive Comparison of Goodfood Market's Receivables Turnover

For the Personal Services subindustry, Goodfood Market'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.

Goodfood Market's Receivables Turnover Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Goodfood Market's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Goodfood Market's Receivables Turnover falls into.

Goodfood Market Receivables Turnover Calculation

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

Goodfood Market's Receivables Turnover for the fiscal year that ended in Aug. 2024 is calculated as

	Receivables Turnover (A: Aug. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Aug. 2024 )	/ (	(Accounts Receivable (A: Aug. 2023 )	+	Accounts Receivable (A: Aug. 2024 ))	/	count )
=	152.838	/ (	(0	+	0)	/	1 )
=	152.838	/	0
=	N/A

Goodfood Market'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 )
=	34.063	/ (	(2.608	+	0)	/	1 )
=	34.063	/	2.608
=	13.06

Goodfood Market (TSX:FOOD) 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.

Goodfood Market Receivables Turnover Related Terms

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Goodfood Market Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Goodfood Market Corp (TSX:FOOD) » Definitions » Receivables Turnover

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GDDFF:USA

Address

4600 Hickmore Street, Saint-Laurent, Montreal, QC, CAN, H4T 1K2

Website

https://www.makegoodfood.ca

Goodfood Market Corp is an online grocery company in Canada delivering fresh meal solutions and groceries that make it easy for members to enjoy delicious meals at home every day. The principal business activity is focused on developing and servicing the online meal kit and grocery add-on market. Goodfood members have access to products and exclusive pricing made possible by its direct-to-consumer fulfilment ecosystem that eliminates waste and retail overhead. It has a production facility and administrative offices in Montreal, with five additional facilities located in Quebec, Ontario, Alberta, and British Columbia. The Company is passionate about connecting its partner farms and suppliers to its customers' kitchens while eliminating food waste and costly retail overhead.

Executives

Roslane Aouameur	Senior Officer
Neil Cuggy	10% Security Holder, Director, Director or Senior Officer of 10% Security Holder, Senior Officer
Jonathan Ferrari	10% Security Holder, Director, Director or Senior Officer of 10% Security Holder, Senior Officer
Bipasha Chiu	Senior Officer
Donald John Olds	Director
Jennifer Stahlke	Senior Officer
Terry Yanofsky	Director
Jonathan Roiter	Senior Officer
Francois Vimard	Director
Mohammed Awada	Senior Officer
Hamnett Hill	Director
Philippe St-cyr Adam	Senior Officer

Goodfood Market Headlines

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