Discover Wellness Solutions (XCNQ:WLNS) Receivables Turnover : 0.00 (As of Sep. 2021)

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What is Discover Wellness Solutions 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. Discover Wellness Solutions's Revenue for the three months ended in Sep. 2021 was C$0.00 Mil. Discover Wellness Solutions's average Accounts Receivable for the three months ended in Sep. 2021 was C$0.00 Mil.

Discover Wellness Solutions Receivables Turnover Historical Data

The historical data trend for Discover Wellness Solutions'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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Discover Wellness Solutions Receivables Turnover Chart

Discover Wellness Solutions Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Receivables Turnover

Discover Wellness Solutions Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
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Competitive Comparison of Discover Wellness Solutions's Receivables Turnover

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

Discover Wellness Solutions's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

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

Discover Wellness Solutions Receivables Turnover Calculation

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

Discover Wellness Solutions's Receivables Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Receivables Turnover (A: Dec. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2020 )	/ (	(Accounts Receivable (A: Dec. 2019 )	+	Accounts Receivable (A: Dec. 2020 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Discover Wellness Solutions's Receivables Turnover for the quarter that ended in Sep. 2021 is calculated as

	Receivables Turnover (Q: Sep. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2021 )	/ (	(Accounts Receivable (Q: Jun. 2021 )	+	Accounts Receivable (Q: Sep. 2021 ))	/	count )
=	0.002	/ (	(0	+	0)	/	1 )
=	0.002	/	0
=	N/A

Discover Wellness Solutions (XCNQ:WLNS) 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.

Discover Wellness Solutions Receivables Turnover Related Terms

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Discover Wellness Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Discover Wellness Solutions Inc (XCNQ:WLNS) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

707 5th Street SW, Suite 500, Calgary, AB, CAN, T2P 0Y3

Website

https://www.discoverwellness.solutions

Discover Wellness Solutions Inc is focused on the production, cultivation and sale of cannabis in various forms. The company through its wholly-owned subsidiary, Rocky Mountain Marijuana Inc, a late-stage applicant under the Cannabis Act. Rocky Mountain blends science with nature using aeroponic cultivation and CO2 extraction to produce high-purity, organic-quality cannabis products.

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