Forbidden Spirits Distilling (TSXV:VDKA.H) Receivables Turnover : 4.47 (As of Sep. 2022)

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What is Forbidden Spirits Distilling 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. Forbidden Spirits Distilling's Revenue for the three months ended in Sep. 2022 was C$0.32 Mil. Forbidden Spirits Distilling's average Accounts Receivable for the three months ended in Sep. 2022 was C$0.07 Mil. Hence, Forbidden Spirits Distilling's Receivables Turnover for the three months ended in Sep. 2022 was 4.47.

Forbidden Spirits Distilling Receivables Turnover Historical Data

The historical data trend for Forbidden Spirits Distilling'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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Forbidden Spirits Distilling Receivables Turnover Chart

Forbidden Spirits Distilling Annual Data

Trend

Dec19

Dec20

Dec21

Receivables Turnover

Forbidden Spirits Distilling Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Receivables Turnover	Get a 7-Day Free Trial					2.30	-	0.43	1.54	4.47

Competitive Comparison of Forbidden Spirits Distilling's Receivables Turnover

For the Beverages - Wineries & Distilleries subindustry, Forbidden Spirits Distilling'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.

Forbidden Spirits Distilling's Receivables Turnover Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Forbidden Spirits Distilling's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Forbidden Spirits Distilling's Receivables Turnover falls into.

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Forbidden Spirits Distilling Receivables Turnover Calculation

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

Forbidden Spirits Distilling's Receivables Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Receivables Turnover (A: Dec. 2021 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (A: Dec. 2021 )	/ (	(Accounts Receivable (A: Dec. 2020 )	+	Accounts Receivable (A: Dec. 2021 ))	/	count )
=	0.593	/ (	(0	+	0)	/	1 )
=	0.593	/	0
=	N/A

Forbidden Spirits Distilling's Receivables Turnover for the quarter that ended in Sep. 2022 is calculated as

	Receivables Turnover (Q: Sep. 2022 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (Q: Sep. 2022 )	/ (	(Accounts Receivable (Q: Jun. 2022 )	+	Accounts Receivable (Q: Sep. 2022 ))	/	count )
=	0.324	/ (	(0.068	+	0.077)	/	2 )
=	0.324	/	0.0725
=	4.47

Forbidden Spirits Distilling (TSXV:VDKA.H) 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.

Forbidden Spirits Distilling Receivables Turnover Related Terms

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Forbidden Spirits Distilling Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Forbidden Spirits Distilling Corp (TSXV:VDKA.H) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

4400 Wallace Hill Road, Kelowna, BC, CAN, V1W 1C3

Website

https://www.forbiddenspirits.ca

Forbidden Spirits Distilling Corp is engaged in manufacturing, marketing, and selling spirits directly to consumers from its online store, as well as direct to off-premises retail liquor stores and direct to on-premises restaurants, hotels, pubs, bars, golf courses, and yacht clubs. Its brands include REBEL Vodka, Eve's Original Gin, Adam's Apple Brandy, Forbidden Fire, Forbidden Spirits Vodka, and Wallace Hill Whisky. The company's reportable operating segments include the distilling and sale of spirits, the sale of hand sanitizer and merchandise.

Forbidden Spirits Distilling Headlines

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