RYAH Group (XCNQ:RYAH) Receivables Turnover : 1.16 (As of Sep. 2022)

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What is RYAH Group 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. RYAH Group's Revenue for the three months ended in Sep. 2022 was C$0.01 Mil. RYAH Group's average Accounts Receivable for the three months ended in Sep. 2022 was C$0.01 Mil. Hence, RYAH Group's Receivables Turnover for the three months ended in Sep. 2022 was 1.16.

RYAH Group Receivables Turnover Historical Data

The historical data trend for RYAH Group'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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RYAH Group Receivables Turnover Chart

RYAH Group Annual Data

Trend

Dec20

Dec21

Receivables Turnover

2.44

RYAH Group Quarterly Data
	Feb20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Receivables Turnover	Get a 7-Day Free Trial			1.14	1.64	-	10.50	1.16

Competitive Comparison of RYAH Group's Receivables Turnover

For the Health Information Services subindustry, RYAH Group'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.

RYAH Group's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where RYAH Group's Receivables Turnover falls into.

RYAH Group Receivables Turnover Calculation

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

RYAH Group's Receivables Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Receivables Turnover (A: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2021 )	/ (	(Accounts Receivable (A: Dec. 2020 )	+	Accounts Receivable (A: Dec. 2021 ))	/	count )
=	0.215	/ (	(0	+	0.088)	/	1 )
=	0.215	/	0.088
=	2.44

RYAH Group's Receivables Turnover for the quarter that ended in Sep. 2022 is calculated as

	Receivables Turnover (Q: Sep. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2022 )	/ (	(Accounts Receivable (Q: Jun. 2022 )	+	Accounts Receivable (Q: Sep. 2022 ))	/	count )
=	0.011	/ (	(0.004	+	0.015)	/	2 )
=	0.011	/	0.0095
=	1.16

RYAH Group (XCNQ:RYAH) 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.

RYAH Group Receivables Turnover Related Terms

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RYAH Group (XCNQ:RYAH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » RYAH Group Inc (XCNQ:RYAH) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

68 34TH STREET, SUITE B421, BROOKLYN, NY, USA, 11232

Website

https://www.ryahgroup.com

RYAH Group Inc is a data technology company in plant-based medicine. Its Artificial Intelligence platform aggregates and correlates HIPAA-compliant dosing data from seed to consumption. This helps the company to conduct predictive analyses to help doctors, researchers, and end-users create personalized dosing regimens that can accurately foresee patient outcomes. the company also provide other products which are smart inhaler system & smart patch system.

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