YourWay Cannabis Brands (YourWay Cannabis Brands) Receivables Turnover : 3.15 (As of Sep. 2021)

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What is YourWay Cannabis 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. YourWay Cannabis Brands's Revenue for the three months ended in Sep. 2021 was $14.49 Mil. YourWay Cannabis Brands's average Accounts Receivable for the three months ended in Sep. 2021 was $4.60 Mil. Hence, YourWay Cannabis Brands's Receivables Turnover for the three months ended in Sep. 2021 was 3.15.

YourWay Cannabis Brands Receivables Turnover Historical Data

The historical data trend for YourWay Cannabis 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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YourWay Cannabis Brands Receivables Turnover Chart

YourWay Cannabis Brands Annual Data

Trend

Dec19

Dec20

Receivables Turnover

4.23

20.08

YourWay Cannabis Brands Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Receivables Turnover	Get a 7-Day Free Trial				6.81	5.35	5.79	3.74	3.15

Competitive Comparison of YourWay Cannabis Brands's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, YourWay Cannabis 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.

YourWay Cannabis Brands's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

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

YourWay Cannabis Brands Receivables Turnover Calculation

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

YourWay Cannabis Brands'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 )
=	30.576	/ (	(0.239	+	2.806)	/	2 )
=	30.576	/	1.5225
=	20.08

YourWay Cannabis Brands'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 )
=	14.489	/ (	(4.227	+	4.98)	/	2 )
=	14.489	/	4.6035
=	3.15

YourWay Cannabis Brands (OTCPK:YOURF) 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.

YourWay Cannabis Brands Receivables Turnover Related Terms

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YourWay Cannabis Brands (YourWay Cannabis Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » YourWay Cannabis Brands Inc (OTCPK:YOURF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

885 W Georgia Street, Suite 2200, Vancouver, BC, CAN, V6C 3E8

Website

https://www.hollistercannabisco.com

YourWay Cannabis Brands Inc is a multi-state operator with sales and operations in Arizona and California. Through building own brands, partnering with others, and providing white-labelled product, company is dedicated towards expanding the reach; remolding the cannabis industry and ultimately, redefining the way consumers and cannabis brands interact.