Purebread Brands (TSXV:BRED) Receivables Turnover : 17.80 (As of Dec. 2023)

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What is Purebread Brands 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. Purebread Brands's Revenue for the three months ended in Dec. 2023 was C$4.13 Mil. Purebread Brands's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.23 Mil. Hence, Purebread Brands's Receivables Turnover for the three months ended in Dec. 2023 was 17.80.

Purebread Brands Receivables Turnover Historical Data

The historical data trend for Purebread Brands'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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Purebread Brands Receivables Turnover Chart

Purebread Brands Annual Data

Trend

Mar22

Mar23

Receivables Turnover

15.46

Purebread Brands Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial						3.50	2.98	3.23	4.91	17.80

Competitive Comparison of Purebread Brands's Receivables Turnover

For the Restaurants subindustry, Purebread 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.

Purebread Brands's Receivables Turnover Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Purebread Brands's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Purebread Brands's Receivables Turnover falls into.

Purebread Brands Receivables Turnover Calculation

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

Purebread Brands's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	2.551	/ (	(0.123	+	0.207)	/	2 )
=	2.551	/	0.165
=	15.46

Purebread Brands's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	4.13	/ (	(0.321	+	0.143)	/	2 )
=	4.13	/	0.232
=	17.80

Purebread Brands (TSXV:BRED) 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.

Purebread Brands Receivables Turnover Related Terms

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Purebread Brands (TSXV:BRED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Purebread Brands Inc (TSXV:BRED) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

1370 E. Georgia Street, Vancouver, BC, CAN, V5L 2A8

Website

https://www.cohocommissary.com

Coho Collective Kitchens Inc engages in the provision of Commercial Commissary Kitchens and the rental of these kitchens to food-based businesses in Canada. The company currently offers its services and sells its products through three main channels, commissary operations, the hospitality food service establishment (Cafe), and the e-commerce food delivery platform, CohoMarket.ca (Coho Market).

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