PlantX Life (PlantX Life) Receivables Turnover : 4.80 (As of Dec. 2023)

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What is PlantX Life 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. PlantX Life's Revenue for the three months ended in Dec. 2023 was $2.41 Mil. PlantX Life's average Accounts Receivable for the three months ended in Dec. 2023 was $0.50 Mil. Hence, PlantX Life's Receivables Turnover for the three months ended in Dec. 2023 was 4.80.

PlantX Life Receivables Turnover Historical Data

The historical data trend for PlantX Life'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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PlantX Life Receivables Turnover Chart

PlantX Life Annual Data

Trend

Jul19

Jul20

Mar21

Mar22

Mar23

Receivables Turnover

2.54

12.82

16.96

PlantX Life Quarterly Data
	Jul19	Mar20	Jul20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial											3.01	3.76	4.54	5.44	4.80

Competitive Comparison of PlantX Life's Receivables Turnover

For the Internet Retail subindustry, PlantX Life'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.

PlantX Life's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, PlantX Life's Receivables Turnover distribution charts can be found below:

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

PlantX Life Receivables Turnover Calculation

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

PlantX Life's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	9.72	/ (	(0.573	+	0.573)	/	2 )
=	9.72	/	0.573
=	16.96

PlantX Life's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	2.408	/ (	(0.504	+	0.499)	/	2 )
=	2.408	/	0.5015
=	4.80

PlantX Life (OTCPK:PLTXF) 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.

PlantX Life Receivables Turnover Related Terms

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PlantX Life (PlantX Life) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » PlantX Life Inc (OTCPK:PLTXF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

WNT0:Germany VEGA:Canada

Address

100 Park Royal South, Suite 504, West Vancouver, Vancouver, BC, CAN, V7T 1A2

Website

https://www.plantx.com

PlantX Life Inc is a digital-based, one-stop-shop, and distribution company with a fast-growing database with a plan to offer customers across North America. The company's operating segment includes Vegaste, PlantX Living Inc, Bloombox, Score (Squamish), Israel, Little West, Plant-Based Deli, New Deli, PlantX UK, PlantX Nevada, EH Coffee, Portfolio Coffee, and PlantX Midwest. The company uses its digital platform to build a community of like-minded consumers, and most importantly, provide education. Its successful enterprise is being built and fortified on partnerships with top nutritionists, chefs, and brands. It has a presence in the United States, United Kingdom, Canada, Israel, and Germany.