Global Health Clinics (XCNQ:MJRX) Receivables Turnover : 2.47 (As of Jan. 2024)

View and export this data going back to 2013. Start your Free Trial

What is Global Health Clinics 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. Global Health Clinics's Revenue for the three months ended in Jan. 2024 was C$0.02 Mil. Global Health Clinics's average Accounts Receivable for the three months ended in Jan. 2024 was C$0.01 Mil. Hence, Global Health Clinics's Receivables Turnover for the three months ended in Jan. 2024 was 2.47.

Global Health Clinics Receivables Turnover Historical Data

The historical data trend for Global Health Clinics'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.

Global Health Clinics Receivables Turnover Chart

Global Health Clinics Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Receivables Turnover

Get a 7-Day Free Trial

4.14

4.54

9.00

13.36

12.12

Global Health Clinics Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															2.57	2.82	2.56	2.63	2.47

Competitive Comparison of Global Health Clinics's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Global Health Clinics'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.

Global Health Clinics's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Global Health Clinics's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Global Health Clinics's Receivables Turnover falls into.

Global Health Clinics Receivables Turnover Calculation

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

Global Health Clinics's Receivables Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Receivables Turnover (A: Jul. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2023 )	/ (	(Accounts Receivable (A: Jul. 2022 )	+	Accounts Receivable (A: Jul. 2023 ))	/	count )
=	0.103	/ (	(0.009	+	0.008)	/	2 )
=	0.103	/	0.0085
=	12.12

Global Health Clinics's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Oct. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	0.021	/ (	(0.008	+	0.009)	/	2 )
=	0.021	/	0.0085
=	2.47

Global Health Clinics (XCNQ:MJRX) 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.

Global Health Clinics Receivables Turnover Related Terms

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

Global Health Clinics (XCNQ:MJRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Global Health Clinics Ltd (XCNQ:MJRX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

L00:Germany

Address

837 West Hastings Street, Suite 400, Vancouver, BC, CAN, V6C 3N6

Website

https://www.globalhealthltd.ca

Global Health Clinics Ltd engages in the cannabis industry and operates medical clinics which guide patients through the process of becoming legal users of marijuana and also engages in developing psilocybin products for research and their potential usage for pharmaceutical purposes. The Company operates in two operating segments the operating of medical clinics to guide patients to become legal users of marijuana and the development of psilocybin products for research and potential usage for pharmaceutical purposes. The Company derives its key revenue from Medical Clinics for legal user of Marijuana.

Global Health Clinics (XCNQ:MJRX) Headlines

No Headlines