BYND Cannasoft Enterprises (XCNQ:BYND) Receivables Turnover : 1.71 (As of Dec. 2023)

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What is BYND Cannasoft Enterprises 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. BYND Cannasoft Enterprises's Revenue for the three months ended in Dec. 2023 was C$0.20 Mil. BYND Cannasoft Enterprises's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.12 Mil. Hence, BYND Cannasoft Enterprises's Receivables Turnover for the three months ended in Dec. 2023 was 1.71.

BYND Cannasoft Enterprises Receivables Turnover Historical Data

The historical data trend for BYND Cannasoft Enterprises'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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BYND Cannasoft Enterprises Receivables Turnover Chart

BYND Cannasoft Enterprises Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

9.29

8.41

8.45

BYND Cannasoft Enterprises Quarterly Data
	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial										1.70	3.17	1.95	1.64	1.71

Competitive Comparison of BYND Cannasoft Enterprises's Receivables Turnover

For the Software - Infrastructure subindustry, BYND Cannasoft Enterprises'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.

BYND Cannasoft Enterprises's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, BYND Cannasoft Enterprises's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where BYND Cannasoft Enterprises's Receivables Turnover falls into.

BYND Cannasoft Enterprises Receivables Turnover Calculation

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

BYND Cannasoft Enterprises's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	1.077	/ (	(0.136	+	0.119)	/	2 )
=	1.077	/	0.1275
=	8.45

BYND Cannasoft Enterprises'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 )
=	0.203	/ (	(0.119	+	0.119)	/	2 )
=	0.203	/	0.119
=	1.71

BYND Cannasoft Enterprises (XCNQ:BYND) 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.

BYND Cannasoft Enterprises Receivables Turnover Related Terms

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BYND Cannasoft Enterprises (XCNQ:BYND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BYND Cannasoft Enterprises Inc (XCNQ:BYND) » Definitions » Receivables Turnover

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Traded in Other Exchanges

BCAN:USA

Address

2264 East 11th Avenue, Vancouver, BC, CAN, V5N 1Z6

Website

https://cannasoft-crm.com

BYND Cannasoft Enterprises Inc is engaged in the continued development of its new Benefit CRM and Cannabis CRM Platform along with construction, licensing, and operation of the Cannabis Farm and indoor cannabis growing facility.