Beyond Oil (XCNQ:BOIL) Receivables Turnover : 11.25 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Beyond Oil 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. Beyond Oil's Revenue for the three months ended in Mar. 2024 was C$0.18 Mil. Beyond Oil's average Accounts Receivable for the three months ended in Mar. 2024 was C$0.02 Mil. Hence, Beyond Oil's Receivables Turnover for the three months ended in Mar. 2024 was 11.25.

Beyond Oil Receivables Turnover Historical Data

The historical data trend for Beyond Oil'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.

Beyond Oil Receivables Turnover Chart

Beyond Oil Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

Beyond Oil Quarterly Data
	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial									-	1.00	-	3.25	11.25

Competitive Comparison of Beyond Oil's Receivables Turnover

For the Packaged Foods subindustry, Beyond Oil'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.

Beyond Oil's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Beyond Oil's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Beyond Oil's Receivables Turnover falls into.

Beyond Oil Receivables Turnover Calculation

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

Beyond Oil's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	0.382	/ (	(0	+	0)	/	1 )
=	0.382	/	0
=	N/A

Beyond Oil's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	0.18	/ (	(0	+	0.016)	/	1 )
=	0.18	/	0.016
=	11.25

Beyond Oil (XCNQ:BOIL) 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.

Beyond Oil Receivables Turnover Related Terms

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

Beyond Oil Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Beyond Oil Ltd (XCNQ:BOIL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

BEOLF:USA

Address

1208 Rosewood Crescent, North Vancouver, Vancouver, BC, CAN, V7P1H4

Website

https://www.beyondoil.co

Beyond Oil Ltd is a food-tech company that has developed a solution to reduce free fatty acid from oil while preserving the oil's quality and nutritional value. The company develops products that extend the usable life of frying oil improve food quality and reduce frying oil costs. It offers FryDay which is an active filter powder that eliminates harmful Free Fatty Acids (FFA) generated in the oil.

Executives

Robert Jalun Kiesman	Director, Senior Officer
Jonathan Or	Director, Senior Officer