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Choom Holdings (Choom Holdings) Receivables Turnover : 205.81 (As of Dec. 2021)


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What is Choom Holdings 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. Choom Holdings's Revenue for the three months ended in Dec. 2021 was $3.29 Mil. Choom Holdings's average Accounts Receivable for the three months ended in Dec. 2021 was $0.02 Mil. Hence, Choom Holdings's Receivables Turnover for the three months ended in Dec. 2021 was 205.81.


Choom Holdings Receivables Turnover Historical Data

The historical data trend for Choom Holdings'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.

* Premium members only.

Choom Holdings Receivables Turnover Chart

Choom Holdings Annual Data
Trend Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 2.79 73.86 199.37

Choom Holdings Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 35.81 23.07 26.72 100.55 205.81

Competitive Comparison of Choom Holdings's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Choom Holdings'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.


Choom Holdings's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Choom Holdings's Receivables Turnover falls into.



Choom Holdings Receivables Turnover Calculation

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

Choom Holdings's Receivables Turnover for the fiscal year that ended in Jun. 2021 is calculated as

Receivables Turnover (A: Jun. 2021 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2021 ) / ((Accounts Receivable (A: Jun. 2020 ) + Accounts Receivable (A: Jun. 2021 )) / count )
=18.043 / ((0.106 + 0.075) / 2 )
=18.043 / 0.0905
=199.37

Choom Holdings's Receivables Turnover for the quarter that ended in Dec. 2021 is calculated as

Receivables Turnover (Q: Dec. 2021 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2021 ) / ((Accounts Receivable (Q: Sep. 2021 ) + Accounts Receivable (Q: Dec. 2021 )) / count )
=3.293 / ((0.001 + 0.031) / 2 )
=3.293 / 0.016
=205.81

* 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.


Choom Holdings  (OTCPK:CHOOF) 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.


Choom Holdings Receivables Turnover Related Terms

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Choom Holdings (Choom Holdings) Business Description

Traded in Other Exchanges
N/A
Address
1525 West 8th Avenue, Suite 208, Vancouver, BC, CAN, V6J 1T5
Choom Holdings Inc is a Canadian cannabis retailer. It sells products under the brand name Choom. The company has two primary business units, Retail Cannabis, and Patient Counselling. It generates maximum revenue from the Retail Cannabis segment.