Gaby (GABLF) Receivables Turnover : 30.31 (As of Mar. 2023)

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What is Gaby 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. Gaby's Revenue for the three months ended in Mar. 2023 was $4.74 Mil. Gaby's average Accounts Receivable for the three months ended in Mar. 2023 was $0.16 Mil. Hence, Gaby's Receivables Turnover for the three months ended in Mar. 2023 was 30.31.

Gaby Receivables Turnover Historical Data

The historical data trend for Gaby'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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Gaby Receivables Turnover Chart

Gaby Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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4.60

9.75

3.55

71.85

90.52

Gaby Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Receivables Turnover	Get a 7-Day Free Trial															33.16	40.02	49.11	30.19	30.31

Competitive Comparison of Gaby's Receivables Turnover

For the Pharmaceutical Retailers subindustry, Gaby'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.

Gaby's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Gaby's Receivables Turnover distribution charts can be found below:

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

Gaby Receivables Turnover Calculation

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

Gaby'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 )
=	21.771	/ (	(0.243	+	0.238)	/	2 )
=	21.771	/	0.2405
=	90.52

Gaby's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	4.743	/ (	(0.238	+	0.075)	/	2 )
=	4.743	/	0.1565
=	30.31

Gaby (OTCPK:GABLF) 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.

Gaby Receivables Turnover Related Terms

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Gaby (GABLF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Gaby Inc (OTCPK:GABLF) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

579 - 3rd Steet SE, Suite 307, Medicine Hat, AB, CAN, T1A 0H2

Website

https://www.gabyinc.com

GABY Inc is a retail consolidator and the owner of Mankind Dispensary. Mankind is a well-known, and respected dispensary with deep roots in the California cannabis community operating in San Diego, California. The company curates and sells a diverse portfolio of products, including its own proprietary brands, Lulu's and Kind Republic through Mankind, manufactures Kind Republic, and distributes all its proprietary brands through its wholly owned subsidiary, GABY Manufacturing. A pioneer in the industry with a multi-vertical retail foundation, and a strong management team with experience in retail, consolidation, and cannabis, GABY is poised to grow its retail operations both organically and through acquisition.