GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » HYTN Innovations Inc (XCNQ:HYTN) » Definitions » Receivables Turnover

HYTN Innovations (XCNQ:HYTN) Receivables Turnover : 1.81 (As of Dec. 2024)


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

What is HYTN Innovations 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. HYTN Innovations's Revenue for the three months ended in Dec. 2024 was C$0.20 Mil. HYTN Innovations's average Accounts Receivable for the three months ended in Dec. 2024 was C$0.11 Mil. Hence, HYTN Innovations's Receivables Turnover for the three months ended in Dec. 2024 was 1.81.


HYTN Innovations Receivables Turnover Historical Data

The historical data trend for HYTN Innovations'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.

HYTN Innovations Receivables Turnover Chart

HYTN Innovations Annual Data
Trend Sep19 Sep20 Jan21 Jan22 Sep23 Sep24
Receivables Turnover
Get a 7-Day Free Trial - - - 10.98 7.12

HYTN Innovations Quarterly Data
Sep19 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 1.62 1.39 2.52 0.72 1.81

Competitive Comparison of HYTN Innovations's Receivables Turnover

For the Beverages - Non-Alcoholic subindustry, HYTN Innovations'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.


HYTN Innovations's Receivables Turnover Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, HYTN Innovations's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where HYTN Innovations's Receivables Turnover falls into.


;
;

HYTN Innovations Receivables Turnover Calculation

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

HYTN Innovations's Receivables Turnover for the fiscal year that ended in Sep. 2024 is calculated as

Receivables Turnover (A: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Sep. 2024 ) / ((Accounts Receivable (A: Sep. 2023 ) + Accounts Receivable (A: Sep. 2024 )) / count )
=0.851 / ((0.128 + 0.111) / 2 )
=0.851 / 0.1195
=7.12

HYTN Innovations's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

Receivables Turnover (Q: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2024 ) / ((Accounts Receivable (Q: Sep. 2024 ) + Accounts Receivable (Q: Dec. 2024 )) / count )
=0.196 / ((0.111 + 0.106) / 2 )
=0.196 / 0.1085
=1.81

* 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.


HYTN Innovations  (XCNQ:HYTN) 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.


HYTN Innovations Receivables Turnover Related Terms

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


HYTN Innovations Business Description

Traded in Other Exchanges
Address
890 Clement Avenue, Unit 303, Kelowna, BC, CAN, V1Y 7E4
HYTN Innovations Inc formulates, manufactures, markets, and sells premium cannabis goods. The company generates revenue from the sale of cannabis-related products such as Cannabis-beverage sales, Cannabis - flower sales, Cannabis - edible sales. The majority of revenue is generated from Cannabis - beverage sales.
Executives
Amandeep Singh Parmar 10% Security Holder

HYTN Innovations Headlines

No Headlines