Wellbeing Digital Sciences (Wellbeing Digital Sciences) Receivables Turnover : 2.20 (As of Apr. 2022)

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What is Wellbeing Digital Sciences 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. Wellbeing Digital Sciences's Revenue for the three months ended in Apr. 2022 was $1.29 Mil. Wellbeing Digital Sciences's average Accounts Receivable for the three months ended in Apr. 2022 was $0.59 Mil. Hence, Wellbeing Digital Sciences's Receivables Turnover for the three months ended in Apr. 2022 was 2.20.

Wellbeing Digital Sciences Receivables Turnover Historical Data

The historical data trend for Wellbeing Digital Sciences'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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Wellbeing Digital Sciences Receivables Turnover Chart

Wellbeing Digital Sciences Annual Data

Trend

Jul17

Jul18

Jul19

Jul20

Jul21

Receivables Turnover

1.72

Wellbeing Digital Sciences Quarterly Data
	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22
Receivables Turnover	Get a 7-Day Free Trial														-	3.24	3.75	3.14	2.20

Competitive Comparison of Wellbeing Digital Sciences's Receivables Turnover

For the Medical Care Facilities subindustry, Wellbeing Digital Sciences'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.

Wellbeing Digital Sciences's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Wellbeing Digital Sciences's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Wellbeing Digital Sciences's Receivables Turnover falls into.

Wellbeing Digital Sciences Receivables Turnover Calculation

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

Wellbeing Digital Sciences's Receivables Turnover for the fiscal year that ended in Jul. 2021 is calculated as

	Receivables Turnover (A: Jul. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2021 )	/ (	(Accounts Receivable (A: Jul. 2020 )	+	Accounts Receivable (A: Jul. 2021 ))	/	count )
=	0.903	/ (	(0	+	0.524)	/	1 )
=	0.903	/	0.524
=	1.72

Wellbeing Digital Sciences's Receivables Turnover for the quarter that ended in Apr. 2022 is calculated as

	Receivables Turnover (Q: Apr. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Apr. 2022 )	/ (	(Accounts Receivable (Q: Jan. 2022 )	+	Accounts Receivable (Q: Apr. 2022 ))	/	count )
=	1.292	/ (	(0.508	+	0.667)	/	2 )
=	1.292	/	0.5875
=	2.20

Wellbeing Digital Sciences (OTCPK:KONEF) 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.

Wellbeing Digital Sciences Receivables Turnover Related Terms

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Wellbeing Digital Sciences (Wellbeing Digital Sciences) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Wellbeing Digital Sciences Inc (OTCPK:KONEF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

275 Dundas Street, Unit A1605, London, ON, CAN, N6B 3L1

Website

https://www.wellbeingdigital.co

Wellbeing Digital Sciences Inc is a next-generation wellness company focused on ketamine-assisted therapy and psychedelic medicines. It operates healthcare clinics across North America, helping clients access plant medicines, psychedelics, and mental health care that have the potential to heal them of their physical or emotional pain.