Delivra Health Brands (Delivra Health Brands) Receivables Turnover : 1.38 (As of Mar. 2024)

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What is Delivra Health Brands 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. Delivra Health Brands's Revenue for the three months ended in Mar. 2024 was $2.27 Mil. Delivra Health Brands's average Accounts Receivable for the three months ended in Mar. 2024 was $1.64 Mil. Hence, Delivra Health Brands's Receivables Turnover for the three months ended in Mar. 2024 was 1.38.

Delivra Health Brands Receivables Turnover Historical Data

The historical data trend for Delivra Health Brands'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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Delivra Health Brands Receivables Turnover Chart

Delivra Health Brands Annual Data

Trend

Dec14

Dec15

Dec16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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3.93

3.92

6.46

6.05

5.14

Delivra Health Brands Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.68	1.85	1.29	0.74	1.38

Competitive Comparison of Delivra Health Brands's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Delivra Health Brands'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.

Delivra Health Brands's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Delivra Health Brands's Receivables Turnover falls into.

Delivra Health Brands Receivables Turnover Calculation

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

Delivra Health Brands's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	7.369	/ (	(1.075	+	1.794)	/	2 )
=	7.369	/	1.4345
=	5.14

Delivra Health Brands's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	2.269	/ (	(1.703	+	1.574)	/	2 )
=	2.269	/	1.6385
=	1.38

Delivra Health Brands (OTCPK:DHBUF) 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.

Delivra Health Brands Receivables Turnover Related Terms

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Delivra Health Brands (Delivra Health Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Delivra Health Brands Inc (OTCPK:DHBUF) » Definitions » Receivables Turnover

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U01:Germany DHB:Canada

Address

999 Canada Place, Suite 404, Vancouver, BC, CAN, V6C 3E2

Website

https://www.delivrahealthbrands.com

Delivra Health Brands Inc helping people take control of health with alternative wellness solutions. Its portfolio features brands like Dream Water and LivRelief that deliver relief from common, everyday issues like chronic pain, anxiety, and sleeplessness. The principal activities of the company are to provide lifestyle and health and wellness products to consumers and patients in regulated markets. The company geographically operates in Canada and United States, out of which it generates maximum revenue from Unites States.