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. iFresh's Revenue for the
three
months ended in Dec. 2020 was $25.63 Mil. iFresh's average Accounts Receivable for the
three
months ended in Dec. 2020 was $4.21 Mil.
Hence, iFresh's Receivables Turnover for the
three
months ended in Dec. 2020 was 6.09.
iFresh Receivables Turnover Historical Data
The historical data trend for iFresh'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.
Competitive Comparison of iFresh's Receivables Turnover
For the Grocery Stores subindustry, iFresh'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.
iFresh's Receivables Turnover Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, iFresh's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where iFresh's Receivables Turnover falls into.
iFresh Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
iFresh's Receivables Turnover for the fiscal year that ended in Mar. 2020 is calculated as
* 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.
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.
iFresh Receivables Turnover Related Terms
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iFresh Inc is an Asian/Chinese grocery supermarket chain in the North-Eastern U.S. providing food and other merchandise hard to find in mainstream grocery stores. The company has two reportable and operating segments: Retail segment and Wholesale segment. It offers seafood, vegetables, meat, fruit, frozen goods, groceries, and bakery products through its retail stores. The company generates a majority of its revenue from its retail segment.
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