Relevium Technologies (TSXV:RLV.H) Receivables Turnover : 2.57 (As of Mar. 2022)

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What is Relevium Technologies 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. Relevium Technologies's Revenue for the three months ended in Mar. 2022 was C$2.42 Mil. Relevium Technologies's average Accounts Receivable for the three months ended in Mar. 2022 was C$0.94 Mil. Hence, Relevium Technologies's Receivables Turnover for the three months ended in Mar. 2022 was 2.57.

Relevium Technologies Receivables Turnover Historical Data

The historical data trend for Relevium Technologies'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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Relevium Technologies Receivables Turnover Chart

Relevium Technologies Annual Data

Trend

Dec12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Receivables Turnover

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173.04

35.40

9.82

3.00

Relevium Technologies Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Mar22
Receivables Turnover	Get a 7-Day Free Trial															0.69	0.32	0.69	0.87	2.57

Competitive Comparison of Relevium Technologies's Receivables Turnover

For the Pharmaceutical Retailers subindustry, Relevium Technologies'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.

Relevium Technologies's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Relevium Technologies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Relevium Technologies's Receivables Turnover falls into.

Relevium Technologies Receivables Turnover Calculation

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

Relevium Technologies's Receivables Turnover for the fiscal year that ended in Jun. 2021 is calculated as

	Receivables Turnover (A: Jun. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2021 )	/ (	(Accounts Receivable (A: Jun. 2020 )	+	Accounts Receivable (A: Jun. 2021 ))	/	count )
=	0.914	/ (	(0.443	+	0.166)	/	2 )
=	0.914	/	0.3045
=	3.00

Relevium Technologies's Receivables Turnover for the quarter that ended in Mar. 2022 is calculated as

	Receivables Turnover (Q: Mar. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2022 )	/ (	(Accounts Receivable (Q: Jun. 2021 )	+	Accounts Receivable (Q: Mar. 2022 ))	/	count )
=	2.415	/ (	(0.166	+	1.712)	/	2 )
=	2.415	/	0.939
=	2.57

Relevium Technologies (TSXV:RLV.H) 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.

Relevium Technologies Receivables Turnover Related Terms

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Relevium Technologies (TSXV:RLV.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Relevium Technologies Inc (TSXV:RLV.H) » Definitions » Receivables Turnover

Comparable Companies

TSXV:LOTA WAR:TGS NEOE:TREE XCNQ:IWIN BOM:513430 HEWA HKSE:02211 TSXV:KO SSY BOM:501477

Traded in Other Exchanges

N/A

Address

1000 Sherbrooke Street West, Suite 2700, Montreal, QC, CAN, H3A 3G4

Website

https://www.releviumtechnologies.com

Relevium Technologies Inc is a Canada based company operates in the health and wellness industry with a primary focus on online distribution. The principal business of the Company is the identification, evaluation, acquisition, and operations of brands and businesses in the health and wellness markets including medical cannabis. Its operating segment includes Consumer Packaged Goods (CPG); Pediatric Biopharma and Corporate. The company generates maximum revenue from Consumer Packaged Goods segment.

Relevium Technologies (TSXV:RLV.H) Headlines

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