Cannibble Food Tech (XCNQ:PLCN) Receivables Turnover : 0.94 (As of Sep. 2023)

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What is Cannibble Food Tech 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. Cannibble Food Tech's Revenue for the three months ended in Sep. 2023 was C$0.08 Mil. Cannibble Food Tech's average Accounts Receivable for the three months ended in Sep. 2023 was C$0.09 Mil. Hence, Cannibble Food Tech's Receivables Turnover for the three months ended in Sep. 2023 was 0.94.

Cannibble Food Tech Receivables Turnover Historical Data

The historical data trend for Cannibble Food Tech'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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Cannibble Food Tech Receivables Turnover Chart

Cannibble Food Tech Annual Data

Trend

Dec20

Dec21

Dec22

Receivables Turnover

9.46

18.87

1.97

Cannibble Food Tech Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial							0.04	0.33	0.55	-	0.94

Competitive Comparison of Cannibble Food Tech's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Cannibble Food Tech'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.

Cannibble Food Tech's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Cannibble Food Tech's Receivables Turnover falls into.

Cannibble Food Tech Receivables Turnover Calculation

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

Cannibble Food Tech's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	0.132	/ (	(0.017	+	0.117)	/	2 )
=	0.132	/	0.067
=	1.97

Cannibble Food Tech's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	0.081	/ (	(0.045	+	0.127)	/	2 )
=	0.081	/	0.086
=	0.94

Cannibble Food Tech (XCNQ:PLCN) 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.

Cannibble Food Tech Receivables Turnover Related Terms

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Cannibble Food Tech (XCNQ:PLCN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cannibble Food Tech Ltd (XCNQ:PLCN) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

40, Carmel Street, P.O.Box 4250, Rosh Haayin, ISR, 4856602

Website

https://www.cannibble.world

Cannibble Food Tech Ltd develops and manufactures powder food mix products that are enhanced variously with hemp seeds, hemp protein, CBD, and THC. The company has developed proprietary formulas for powder-based edibles that are subsequently enhanced with active cannabinoids, which it markets under the brand name "The Pelicann".

Cannibble Food Tech (XCNQ:PLCN) Headlines

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