Planet Based Foods Global (XCNQ:PBF) Receivables Turnover : 1.85 (As of Sep. 2023)

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What is Planet Based Foods Global 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. Planet Based Foods Global's Revenue for the three months ended in Sep. 2023 was C$0.08 Mil. Planet Based Foods Global's average Accounts Receivable for the three months ended in Sep. 2023 was C$0.04 Mil. Hence, Planet Based Foods Global's Receivables Turnover for the three months ended in Sep. 2023 was 1.85.

Planet Based Foods Global Receivables Turnover Historical Data

The historical data trend for Planet Based Foods Global'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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Planet Based Foods Global Receivables Turnover Chart

Planet Based Foods Global Annual Data

Trend

Dec21

Dec22

Receivables Turnover

1.78

Planet Based Foods Global Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial			0.97	1.47	0.43	1.28	1.85

Competitive Comparison of Planet Based Foods Global's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Planet Based Foods Global'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.

Planet Based Foods Global's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Planet Based Foods Global's Receivables Turnover falls into.

Planet Based Foods Global Receivables Turnover Calculation

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

Planet Based Foods Global's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	0.311	/ (	(0.013	+	0.336)	/	2 )
=	0.311	/	0.1745
=	1.78

Planet Based Foods Global's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	0.076	/ (	(0.044	+	0.038)	/	2 )
=	0.076	/	0.041
=	1.85

Planet Based Foods Global (XCNQ:PBF) 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.

Planet Based Foods Global Receivables Turnover Related Terms

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Planet Based Foods Global (XCNQ:PBF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Planet Based Foods Global Inc (XCNQ:PBF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

PBFFF:USA AZ00:Germany

Address

1055 West Hastings Street, Suite 2250, Vancouver, BC, CAN, V6E 2E9

Website

https://www.planetbasedfoods.com

Planet Based Foods Global Inc is focused on producing natural, low processed, and nutritional choices that are better for people and the planet. The Company currently offers vegan meat alternatives derived from hemp proteins including burgers, breakfast sausages, burger crumbles, and sausage crumbles.