Flow Beverage (TSX:FLOW) Receivables Turnover : 0.99 (As of Jan. 2024)

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What is Flow 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. Flow Beverage's Revenue for the three months ended in Jan. 2024 was C$8.27 Mil. Flow Beverage's average Accounts Receivable for the three months ended in Jan. 2024 was C$8.37 Mil. Hence, Flow Beverage's Receivables Turnover for the three months ended in Jan. 2024 was 0.99.

Flow Beverage Receivables Turnover Historical Data

The historical data trend for Flow 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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Flow Beverage Receivables Turnover Chart

Flow Beverage Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Oct21

Oct22

Oct23

Receivables Turnover

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4.91

6.46

6.51

Flow Beverage Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															1.89	2.21	1.23	0.80	0.99

Competitive Comparison of Flow Beverage's Receivables Turnover

For the Beverages - Non-Alcoholic subindustry, Flow 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.

Flow Beverage's Receivables Turnover Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Flow Beverage's Receivables Turnover distribution charts can be found below:

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

Flow Beverage Receivables Turnover Calculation

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

Flow Beverage'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 )
=	46.675	/ (	(5.893	+	8.444)	/	2 )
=	46.675	/	7.1685
=	6.51

Flow Beverage'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 )
=	8.268	/ (	(8.444	+	8.298)	/	2 )
=	8.268	/	8.371
=	0.99

Flow Beverage (TSX:FLOW) 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.

Flow Beverage Receivables Turnover Related Terms

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Flow Beverage (TSX:FLOW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Flow Beverage Corp (TSX:FLOW) » Definitions » Receivables Turnover

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Traded in Other Exchanges

FLWBF:USA

Address

155 Industrial Parkway South, Unit 7-10, Aurora, ON, CAN, L4G 3G6

Website

https://www.flowhydration.com

Flow Beverage Corp is a health and wellness-focused beverage company at the convergence of three important trends in the consumer-packaged goods industry including functional ingredients, sustainable packaging and supply chain and premium quality. It markets its premium alkaline spring water in Canada and the United States in original unflavoured and a range of organic flavors in various sizes.