Cannovum Cannabis AG (XTER:27N0) Receivables Turnover : 0.00 (As of Jun. 2024)

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What is Cannovum Cannabis AG 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. Cannovum Cannabis AG's Revenue for the six months ended in Jun. 2024 was €0.00 Mil. Cannovum Cannabis AG's average Accounts Receivable for the six months ended in Jun. 2024 was €0.00 Mil.

Cannovum Cannabis AG Receivables Turnover Historical Data

The historical data trend for Cannovum Cannabis AG'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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Cannovum Cannabis AG Receivables Turnover Chart

Cannovum Cannabis AG Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Cannovum Cannabis AG Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial				-	-	-	-	-

Competitive Comparison of Cannovum Cannabis AG's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Cannovum Cannabis AG'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.

Cannovum Cannabis AG's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Cannovum Cannabis AG's Receivables Turnover falls into.

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Cannovum Cannabis AG Receivables Turnover Calculation

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

Cannovum Cannabis AG's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	0.004	/ (	(0	+	0)	/	1 )
=	0.004	/	0
=	N/A

Cannovum Cannabis AG's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Cannovum Cannabis AG (XTER:27N0) 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.

Cannovum Cannabis AG Receivables Turnover Related Terms

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Cannovum Cannabis AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cannovum Cannabis AG (XTER:27N0) » Definitions » Receivables Turnover

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Address

Rheinsberger Street 76/77, Berlin, BB, DEU, 10115

Website

https://www.cannovum.de

Cannovum Cannabis AG is a fully licensed pharmaceutical wholesaler, importer, and manufacturer of high-quality medical cannabis products based in Berlin. It focuses on the import of medical cannabis, medical-scientific education, and distribution for facilitated access to cannabis-based therapies.

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