Kona Gold Beverage (Kona Gold Beverage) Receivables Turnover : -14.33 (As of Sep. 2023)

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What is Kona Gold Beverage 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. Kona Gold Beverage's Revenue for the three months ended in Sep. 2023 was $0.69 Mil. Kona Gold Beverage's average Accounts Receivable for the three months ended in Sep. 2023 was $-0.05 Mil. Hence, Kona Gold Beverage's Receivables Turnover for the three months ended in Sep. 2023 was -14.33.

Kona Gold Beverage Receivables Turnover Historical Data

The historical data trend for Kona Gold Beverage'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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Kona Gold Beverage Receivables Turnover Chart

Kona Gold Beverage Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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7.51

31.69

14.44

154.94

92.56

Kona Gold Beverage Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															27.93	16.82	27.42	50.27	-14.33

Competitive Comparison of Kona Gold Beverage's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Kona Gold Beverage'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.

Kona Gold Beverage's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Kona Gold Beverage's Receivables Turnover falls into.

Kona Gold Beverage Receivables Turnover Calculation

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

Kona Gold Beverage'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 )
=	4.443	/ (	(0.016	+	0.08)	/	2 )
=	4.443	/	0.048
=	92.56

Kona Gold Beverage'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 )
=	0.688	/ (	(0.024	+	-0.12)	/	2 )
=	0.688	/	-0.048
=	-14.33

Kona Gold Beverage (OTCPK:KGKG) 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.

Kona Gold Beverage Receivables Turnover Related Terms

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Kona Gold Beverage (Kona Gold Beverage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Kona Gold Beverage Inc (OTCPK:KGKG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

746 North Drive, Suite A, Melbourne, FL, USA, 32934

Website

https://www.konagoldhemp.com

Kona Gold Beverage Inc is a United States-based lifestyle hemp company. The company specializes in developing hemp and CBD products in the functional beverage and fitness markets. The company focuses on the hemp energy drink, low-carb and low-calorie lemonade, and CBD water markets. It generates maximum revenue from retail products.

Executives

Lori A Radcliffe	officer: CFO	1356 GEM CIR, ROCKLEDGE FL 32955
Christopher Selinger	officer: VP OF SALES	11 BELLWOOD FARM LANE, GREENVILLE SC 29607
Matthew R Crystal	director	4937 PASADENA WAY, BROOMFIELD CO 80023
William Jeffrey Outlaw	director	8512 MEADOW VIEW LANE, BAHAMA NC 27503
Robert Clark	director, 10 percent owner, officer: CEO	7823 DESMOND AVE, MELBOURNE FL 32940