The Fresh Factory B.C. (TSXV:FRSH) Receivables Turnover : 4.47 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is The Fresh Factory B.C. 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. The Fresh Factory B.C.'s Revenue for the three months ended in Mar. 2024 was C$11.23 Mil. The Fresh Factory B.C.'s average Accounts Receivable for the three months ended in Mar. 2024 was C$2.51 Mil. Hence, The Fresh Factory B.C.'s Receivables Turnover for the three months ended in Mar. 2024 was 4.47.

The Fresh Factory B.C. Receivables Turnover Historical Data

The historical data trend for The Fresh Factory B.C.'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.

The Fresh Factory B.C. Receivables Turnover Chart

The Fresh Factory B.C. Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

12.67

12.36

11.05

The Fresh Factory B.C. Quarterly Data
	Sep20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial								2.58	2.61	2.80	3.44	4.47

Competitive Comparison of The Fresh Factory B.C.'s Receivables Turnover

For the Packaged Foods subindustry, The Fresh Factory B.C.'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.

The Fresh Factory B.C.'s Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Fresh Factory B.C.'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where The Fresh Factory B.C.'s Receivables Turnover falls into.

The Fresh Factory B.C. Receivables Turnover Calculation

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

The Fresh Factory B.C.'s Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	31.302	/ (	(3.006	+	2.658)	/	2 )
=	31.302	/	2.832
=	11.05

The Fresh Factory B.C.'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 )
=	11.228	/ (	(2.658	+	2.365)	/	2 )
=	11.228	/	2.5115
=	4.47

The Fresh Factory B.C. (TSXV:FRSH) 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.

The Fresh Factory B.C. Receivables Turnover Related Terms

Thank you for viewing the detailed overview of The Fresh Factory B.C.'s Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

The Fresh Factory B.C. (TSXV:FRSH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Fresh Factory B.C. Ltd (TSXV:FRSH) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

238 Tubeway Drive, Carol Stream, IL, USA, 60188

Website

https://www.thefreshfactory.co

The Fresh Factory B.C. Ltd is a vertically integrated company focused on accelerating the growth of plant-based and clean-label food and beverage brands. It owns or partners with emerging brands in the plant-based food and beverage space to develop, formulate, manufacture, distribute and sell products made from fresh produce and recognizable ingredients.