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Harrys Manufacturing (Harrys Manufacturing) Receivables Turnover : 2.46 (As of Jan. 2024)


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What is Harrys Manufacturing 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. Harrys Manufacturing's Revenue for the three months ended in Jan. 2024 was $0.02 Mil. Harrys Manufacturing's average Accounts Receivable for the three months ended in Jan. 2024 was $0.01 Mil. Hence, Harrys Manufacturing's Receivables Turnover for the three months ended in Jan. 2024 was 2.46.


Harrys Manufacturing Receivables Turnover Historical Data

The historical data trend for Harrys Manufacturing'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.

Harrys Manufacturing Receivables Turnover Chart

Harrys Manufacturing Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 4.25

Harrys Manufacturing Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 0.52 0.06 1.22 1.25 2.46

Competitive Comparison of Harrys Manufacturing's Receivables Turnover

For the Tobacco subindustry, Harrys Manufacturing'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.


Harrys Manufacturing's Receivables Turnover Distribution in the Tobacco Products Industry

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

* The bar in red indicates where Harrys Manufacturing's Receivables Turnover falls into.



Harrys Manufacturing Receivables Turnover Calculation

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

Harrys Manufacturing's Receivables Turnover for the fiscal year that ended in Jul. 2023 is calculated as

Receivables Turnover (A: Jul. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Jul. 2023 ) / ((Accounts Receivable (A: Jul. 2022 ) + Accounts Receivable (A: Jul. 2023 )) / count )
=0.017 / ((0 + 0.004) / 1 )
=0.017 / 0.004
=4.25

Harrys Manufacturing'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 )
=0.016 / ((0.004 + 0.009) / 2 )
=0.016 / 0.0065
=2.46

* 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.


Harrys Manufacturing  (OTCPK:WSRRF) 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.


Harrys Manufacturing Receivables Turnover Related Terms

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Harrys Manufacturing (Harrys Manufacturing) Business Description

Traded in Other Exchanges
Address
1055 West Georgia Street, Suite 1500, Vancouver, BC, CAN, V6E 4N7
Harrys Manufacturing Inc is engaged in the sale and distribution of tobacco products. It is a wholesale distributor of high quality 100% natural tobacco cigarettes. It utilizes various types of tobacco blends to satisfy customer demands and preferences for products that meet Health Canada standards.

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