Burcon NutraScience (TSX:BU) Receivables Turnover : 0.00 (As of Jun. 2023)

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What is Burcon NutraScience 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. Burcon NutraScience's Revenue for the three months ended in Jun. 2023 was C$0.00 Mil. Burcon NutraScience's average Accounts Receivable for the three months ended in Jun. 2023 was C$0.25 Mil.

Burcon NutraScience Receivables Turnover Historical Data

The historical data trend for Burcon NutraScience'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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Burcon NutraScience Receivables Turnover Chart

Burcon NutraScience Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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0.28

0.14

0.77

0.63

1.37

Burcon NutraScience Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Receivables Turnover	Get a 7-Day Free Trial															0.40	0.37	0.44	-	-

Competitive Comparison of Burcon NutraScience's Receivables Turnover

For the Packaged Foods subindustry, Burcon NutraScience'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.

Burcon NutraScience's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

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

Burcon NutraScience Receivables Turnover Calculation

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

Burcon NutraScience'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 )
=	0.364	/ (	(0.2	+	0.332)	/	2 )
=	0.364	/	0.266
=	1.37

Burcon NutraScience's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	0	/ (	(0.332	+	0.169)	/	2 )
=	0	/	0.2505
=	N/A

Burcon NutraScience (TSX:BU) 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.

Burcon NutraScience Receivables Turnover Related Terms

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Burcon NutraScience (TSX:BU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Burcon NutraScience Corp (TSX:BU) » Definitions » Receivables Turnover

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BRCNF:USA BNE:Germany

Address

1946 West Broadway, Vancouver, BC, CAN, V6J 1Z2

Website

https://www.burcon.ca

Burcon NutraScience Corp is a technology company in the development of plant-based proteins. With over 290 issued patent applications, that have been developed, Burcon has grown a portfolio of composition, application, and process patents covering novel plant-based proteins derived from pea, canola, soy, hemp, sunflower seed, and more. Its joint venture Merit Foods is building a protein production facility in Manitoba, Canada, where it will produce, under license, Burcon's novel pea and canola protein ingredients.

Executives

John Vassallo

Director

Burcon NutraScience (TSX:BU) Headlines

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