DAVIDsTEA (DAVIDsTEA) Receivables Turnover : 4.92 (As of Oct. 2022)

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What is DAVIDsTEA 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. DAVIDsTEA's Revenue for the three months ended in Oct. 2022 was $11.82 Mil. DAVIDsTEA's average Accounts Receivable for the three months ended in Oct. 2022 was $2.40 Mil. Hence, DAVIDsTEA's Receivables Turnover for the three months ended in Oct. 2022 was 4.92.

DAVIDsTEA Receivables Turnover Historical Data

The historical data trend for DAVIDsTEA'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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DAVIDsTEA Receivables Turnover Chart

DAVIDsTEA Annual Data

Trend

Jan13

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Receivables Turnover

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163.48

129.79

82.07

50.93

43.85

DAVIDsTEA Quarterly Data
	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22
Receivables Turnover	Get a 7-Day Free Trial															3.85	10.64	6.78	5.28	4.92

Competitive Comparison of DAVIDsTEA's Receivables Turnover

For the Packaged Foods subindustry, DAVIDsTEA'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.

DAVIDsTEA's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, DAVIDsTEA's Receivables Turnover distribution charts can be found below:

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

DAVIDsTEA Receivables Turnover Calculation

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

DAVIDsTEA's Receivables Turnover for the fiscal year that ended in Jan. 2022 is calculated as

	Receivables Turnover (A: Jan. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jan. 2022 )	/ (	(Accounts Receivable (A: Jan. 2021 )	+	Accounts Receivable (A: Jan. 2022 ))	/	count )
=	82.454	/ (	(1.523	+	2.238)	/	2 )
=	82.454	/	1.8805
=	43.85

DAVIDsTEA's Receivables Turnover for the quarter that ended in Oct. 2022 is calculated as

	Receivables Turnover (Q: Oct. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Oct. 2022 )	/ (	(Accounts Receivable (Q: Jul. 2022 )	+	Accounts Receivable (Q: Oct. 2022 ))	/	count )
=	11.817	/ (	(1.93	+	2.876)	/	2 )
=	11.817	/	2.403
=	4.92

DAVIDsTEA (OTCPK:DTEAF) 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.

DAVIDsTEA Receivables Turnover Related Terms

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DAVIDsTEA (DAVIDsTEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » DAVIDsTEA Inc (OTCPK:DTEAF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

5430 Ferrier Street, Mount-Royal, QC, CAN, H4P 1M2

Website

https://www.davidstea.com

DAVIDsTEA Inc is a company functional in Canada's packaged foods market. Operating as a branded retailer of different types of tea, the company serves through DAVIDsTEA stores and its website, davidstea.com. Its business involves the sale of three main products; Tea, Tea Accessories and Food and Beverages. Tea products such as loose-leaf teas, pre-packaged teas, and tea sachets account for the majority of the company's sales. The Company has two operating segments, Canada, and the U.S; that derive their revenues from various distribution channels including online, retail and wholesale. The Company derives revenue from Tea, Tea accessories and Food and beverages products. Majority revenue is derived from Tea products.