Silo Wellness (XCNQ:SILO) Receivables Turnover : 0.00 (As of Jul. 2023)

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What is Silo Wellness 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. Silo Wellness's Revenue for the three months ended in Jul. 2023 was C$0.10 Mil. Silo Wellness's average Accounts Receivable for the three months ended in Jul. 2023 was C$0.00 Mil.

Silo Wellness Receivables Turnover Historical Data

The historical data trend for Silo Wellness'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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Silo Wellness Receivables Turnover Chart

Silo Wellness Annual Data

Trend

Oct20

Oct21

Oct22

Receivables Turnover

0.04

0.42

0.87

Silo Wellness Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23
Receivables Turnover	Get a 7-Day Free Trial										-	-	-	-	-

Competitive Comparison of Silo Wellness's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Silo Wellness'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.

Silo Wellness's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Silo Wellness's Receivables Turnover falls into.

Silo Wellness Receivables Turnover Calculation

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

Silo Wellness's Receivables Turnover for the fiscal year that ended in Oct. 2022 is calculated as

	Receivables Turnover (A: Oct. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Oct. 2022 )	/ (	(Accounts Receivable (A: Oct. 2021 )	+	Accounts Receivable (A: Oct. 2022 ))	/	count )
=	0.46	/ (	(0.528	+	0)	/	1 )
=	0.46	/	0.528
=	0.87

Silo Wellness's Receivables Turnover for the quarter that ended in Jul. 2023 is calculated as

	Receivables Turnover (Q: Jul. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jul. 2023 )	/ (	(Accounts Receivable (Q: Apr. 2023 )	+	Accounts Receivable (Q: Jul. 2023 ))	/	count )
=	0.095	/ (	(0	+	0)	/	1 )
=	0.095	/	0
=	N/A

Silo Wellness (XCNQ:SILO) 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.

Silo Wellness Receivables Turnover Related Terms

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Silo Wellness (XCNQ:SILO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Silo Wellness Inc (XCNQ:SILO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Consumers Road, Suite 702, Toronto, ON, CAN, M2J 4R4

Website

https://www.silowellness.com

Silo Wellness Inc operates psychedelic clinics and develops legal functional mushroom consumer products. It is focused on health and wellness by developing and introducing psychedelic medicine to reduce trauma and increase performance by destigmatizing the active compounds in psychedelics and innovating ease of administration and ingestion.

Executives

Michael Hartman

Director