Xebra Brands (XCNQ:XBRA) Receivables Turnover : 0.16 (As of Nov. 2023)

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What is Xebra Brands 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. Xebra Brands's Revenue for the three months ended in Nov. 2023 was C$0.03 Mil. Xebra Brands's average Accounts Receivable for the three months ended in Nov. 2023 was C$0.19 Mil. Hence, Xebra Brands's Receivables Turnover for the three months ended in Nov. 2023 was 0.16.

Xebra Brands Receivables Turnover Historical Data

The historical data trend for Xebra Brands'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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Xebra Brands Receivables Turnover Chart

Xebra Brands Annual Data

Trend

Feb20

Feb21

Feb22

Feb23

Receivables Turnover

1.24

Xebra Brands Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Receivables Turnover	Get a 7-Day Free Trial											0.38	0.80	0.38	0.29	0.16

Competitive Comparison of Xebra Brands's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Xebra Brands'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.

Xebra Brands's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Xebra Brands's Receivables Turnover falls into.

Xebra Brands Receivables Turnover Calculation

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

Xebra Brands's Receivables Turnover for the fiscal year that ended in Feb. 2023 is calculated as

	Receivables Turnover (A: Feb. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Feb. 2023 )	/ (	(Accounts Receivable (A: Feb. 2022 )	+	Accounts Receivable (A: Feb. 2023 ))	/	count )
=	0.159	/ (	(0	+	0.128)	/	1 )
=	0.159	/	0.128
=	1.24

Xebra Brands's Receivables Turnover for the quarter that ended in Nov. 2023 is calculated as

	Receivables Turnover (Q: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Nov. 2023 )	/ (	(Accounts Receivable (Q: Aug. 2023 )	+	Accounts Receivable (Q: Nov. 2023 ))	/	count )
=	0.031	/ (	(0.178	+	0.208)	/	2 )
=	0.031	/	0.193
=	0.16

Xebra Brands (XCNQ:XBRA) 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.

Xebra Brands Receivables Turnover Related Terms

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Xebra Brands (XCNQ:XBRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Xebra Brands Ltd (XCNQ:XBRA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

XBRAF:USA 9YC0:Germany

Address

1090 Hamilton Street, Vancouver, BC, CAN, V6B 2R9

Website

https://www.xebrabrands.com

Xebra Brands Ltd is focused on cannabis cultivation and products, with global brands and intellectual property. Its products cover wellness and leisure and include beverages. It has one reportable business segment, being the cultivation, processing, manufacturing, design and delivery of cannabis products.

Xebra Brands (XCNQ:XBRA) Headlines

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