Cantourage Group SE (XTER:HIGH) Receivables Turnover : 0.32 (As of Jun. 2023)

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What is Cantourage Group SE 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. Cantourage Group SE's Revenue for the six months ended in Jun. 2023 was €0.60 Mil. Cantourage Group SE's average Accounts Receivable for the six months ended in Jun. 2023 was €1.90 Mil. Hence, Cantourage Group SE's Receivables Turnover for the six months ended in Jun. 2023 was 0.32.

Cantourage Group SE Receivables Turnover Historical Data

The historical data trend for Cantourage Group SE'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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Cantourage Group SE Receivables Turnover Chart

Cantourage Group SE Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

5.41

8.77

0.66

Cantourage Group SE Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial			-	-	-	0.82	0.32

Competitive Comparison of Cantourage Group SE's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Cantourage Group SE'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.

Cantourage Group SE's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

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

Cantourage Group SE Receivables Turnover Calculation

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

Cantourage Group SE's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	0.603	/ (	(1.092	+	0.731)	/	2 )
=	0.603	/	0.9115
=	0.66

Cantourage Group SE's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	0.599	/ (	(0.731	+	3.07)	/	2 )
=	0.599	/	1.9005
=	0.32

Cantourage Group SE (XTER:HIGH) 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.

Cantourage Group SE Receivables Turnover Related Terms

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Cantourage Group SE (XTER:HIGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cantourage Group SE (XTER:HIGH) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

HIGH:Germany

Address

Feurigstrasse 54, Berlin, DEU, 10827

Website

https://www.cantourage.com

Cantourage Group SE is a medical cannabis company. The company offers products in all relevant market segments: dried flowers, extracts, Dronabinol, and pharma-grade Cannabidiol.

Executives

Patrick Hoffmann	Supervisory Board
Dr. Florian Kainzinger	Supervisory Board
Dr. / Dr. Florian / Michael Kainzinger / Ruoff	Supervisory Board
Dr. / Dr. Florian /michael Kainzinger / Ruoff	Supervisory Board
Dr. / Herr Florian / Patrick Holzapfel / Hoffmann	Supervisory Board
Dr. Florian Holzapfel	Supervisory Board
Dr. Michael Ruoff	Supervisory Board