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Pangea Natural Foods (Pangea Natural Foods) Receivables Turnover : 0.20 (As of Jan. 2024)


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What is Pangea Natural Foods 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. Pangea Natural Foods's Revenue for the three months ended in Jan. 2024 was $0.01 Mil. Pangea Natural Foods's average Accounts Receivable for the three months ended in Jan. 2024 was $0.03 Mil. Hence, Pangea Natural Foods's Receivables Turnover for the three months ended in Jan. 2024 was 0.20.

Pangea Natural Foods Receivables Turnover Historical Data

The historical data trend for Pangea Natural Foods'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.

* Premium members only.

Pangea Natural Foods Receivables Turnover Chart

Pangea Natural Foods Annual Data
Trend Oct21 Oct22 Oct23
Receivables Turnover
- 6.89 4.31

Pangea Natural Foods Quarterly Data
Oct21 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only 0.88 0.47 0.07 0.02 0.20

Competitive Comparison of Pangea Natural Foods's Receivables Turnover

For the Packaged Foods subindustry, Pangea Natural Foods'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.

Pangea Natural Foods's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Pangea Natural Foods's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Pangea Natural Foods's Receivables Turnover falls into.


Pangea Natural Foods Receivables Turnover Calculation

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

Pangea Natural Foods's Receivables Turnover for the fiscal year that ended in Oct. 2023 is calculated as

Receivables Turnover (A: Oct. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Oct. 2023 ) / ((Accounts Receivable (A: Oct. 2022 ) + Accounts Receivable (A: Oct. 2023 )) / count )
=0.209 / ((0.068 + 0.029) / 2 )
=0.209 / 0.0485
=4.31

Pangea Natural Foods's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

Receivables Turnover (Q: Jan. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jan. 2024 ) / ((Accounts Receivable (Q: Oct. 2023 ) + Accounts Receivable (Q: Jan. 2024 )) / count )
=0.006 / ((0.029 + 0.03) / 2 )
=0.006 / 0.0295
=0.20

* 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.

Pangea Natural Foods  (OTCPK:PNGAF) 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.

Pangea Natural Foods Receivables Turnover Related Terms

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Pangea Natural Foods (Pangea Natural Foods) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Pangea Natural Foods Inc (OTCPK:PNGAF) » Definitions » Receivables Turnover
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Traded in Other Exchanges
PNGA:Canada
Address
8035 - 130th Street, Surrey, BC, CAN, V3W 0H7
Website
https://www.pangeafood.com
Pangea Natural Foods Inc engages in the production and sale of plant-based patties. Pangea manufactures the plant-based patties at the Facility in the Vancouver lower mainland and sells the patties through multiple distribution channels including online sales platforms and retailers. The Company currently has one reportable operating segment, the manufacturing and distribution of food products in Canada.