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VPR Brands LP (VPR Brands LP) Receivables Turnover : 3.18 (As of Mar. 2024)


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What is VPR Brands LP 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. VPR Brands LP's Revenue for the three months ended in Mar. 2024 was $1.52 Mil. VPR Brands LP's average Accounts Receivable for the three months ended in Mar. 2024 was $0.48 Mil. Hence, VPR Brands LP's Receivables Turnover for the three months ended in Mar. 2024 was 3.18.


VPR Brands LP Receivables Turnover Historical Data

The historical data trend for VPR Brands LP'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.

VPR Brands LP Receivables Turnover Chart

VPR Brands LP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.34 62.97 35.66 14.39 25.23

VPR Brands LP Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.38 4.65 6.95 2.64 3.18

Competitive Comparison of VPR Brands LP's Receivables Turnover

For the Tobacco subindustry, VPR Brands LP'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.


VPR Brands LP's Receivables Turnover Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, VPR Brands LP's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where VPR Brands LP's Receivables Turnover falls into.



VPR Brands LP Receivables Turnover Calculation

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

VPR Brands LP'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 )
=9.854 / ((0.355 + 0.426) / 2 )
=9.854 / 0.3905
=25.23

VPR Brands LP'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 )
=1.519 / ((0.426 + 0.528) / 2 )
=1.519 / 0.477
=3.18

* 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.


VPR Brands LP  (OTCPK:VPRB) 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.


VPR Brands LP Receivables Turnover Related Terms

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VPR Brands LP (VPR Brands LP) Business Description

Traded in Other Exchanges
N/A
Address
1141 Sawgrass Corporate Parkway, Sunrise, FL, USA, 33323
VPR Brands LP is engaged in the business of design, market, and distribution of electronic cigarettes, personal vaporizer, and electronic cigarette e liquids. The company markets and sells its products under Helium, Honeystick, Krave, Vaporin, and Vaporx brand names. It also sells CBD products under the Goldline brand. The firm has a portfolio of patents including an electronic cigarette, electronic cigar, and personal vaporizer.
Executives
Kevin Frija director, 10 percent owner, officer: CEO, Chairman and Director 4401 N.W. 167TH STREET, MIAMI FL 33055