HEXO (TSX:HEXO) Receivables Turnover : 0.96 (As of Apr. 2023)

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What is HEXO 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. HEXO's Revenue for the three months ended in Apr. 2023 was C$21.6 Mil. HEXO's average Accounts Receivable for the three months ended in Apr. 2023 was C$22.5 Mil. Hence, HEXO's Receivables Turnover for the three months ended in Apr. 2023 was 0.96.

HEXO Receivables Turnover Historical Data

The historical data trend for HEXO'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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HEXO Receivables Turnover Chart

HEXO Annual Data

Trend

Sep14

Sep15

Sep16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Receivables Turnover

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9.92

4.68

4.13

4.35

4.75

HEXO Quarterly Data
	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23
Receivables Turnover	Get a 7-Day Free Trial															0.97	0.98	0.81	0.70	0.96

Competitive Comparison of HEXO's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, HEXO'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.

HEXO's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, HEXO's Receivables Turnover distribution charts can be found below:

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

HEXO Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Jul. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2022 )	/ (	(Accounts Receivable (A: Jul. 2021 )	+	Accounts Receivable (A: Jul. 2022 ))	/	count )
=	191.103	/ (	(37.421	+	42.999)	/	2 )
=	191.103	/	40.21
=	4.75

HEXO's Receivables Turnover for the quarter that ended in Apr. 2023 is calculated as

	Receivables Turnover (Q: Apr. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Apr. 2023 )	/ (	(Accounts Receivable (Q: Jan. 2023 )	+	Accounts Receivable (Q: Apr. 2023 ))	/	count )
=	21.585	/ (	(23.939	+	21.116)	/	2 )
=	21.585	/	22.5275
=	0.96

HEXO (TSX:HEXO) 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.

HEXO Receivables Turnover Related Terms

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HEXO (TSX:HEXO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » HEXO Corp (TSX:HEXO) » Definitions » Receivables Turnover

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Address

120 de la Rive Road, Gatineau, QC, CAN, J8M 1V2

Website

https://www.hexocorp.com

HEXO Corp is engaged in producing and selling cannabis and cannabis products. The company is focused on smoke-free and traditional cannabis products. The firm's products include dried flowers, oils, and vapes. It generates its revenue from various sources such as Beverage Based Adult-Use Sales, Medical, Wholesale and International sales.