Farmhouse (Farmhouse) Receivables Turnover : 1.71 (As of Sep. 2023)

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What is Farmhouse 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. Farmhouse's Revenue for the three months ended in Sep. 2023 was $0.01 Mil. Farmhouse's average Accounts Receivable for the three months ended in Sep. 2023 was $0.00 Mil. Hence, Farmhouse's Receivables Turnover for the three months ended in Sep. 2023 was 1.71.

Farmhouse Receivables Turnover Historical Data

The historical data trend for Farmhouse'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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Farmhouse Receivables Turnover Chart

Farmhouse Annual Data

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Receivables Turnover

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Farmhouse Quarterly Data
	Jul06	Oct06	Jan07	Apr07	Jul07	Oct07	Mar08	Jun08	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															1.00	0.60	1.00	1.33	1.71

Competitive Comparison of Farmhouse's Receivables Turnover

For the Internet Content & Information subindustry, Farmhouse'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.

Farmhouse's Receivables Turnover Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Farmhouse's Receivables Turnover distribution charts can be found below:

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

Farmhouse Receivables Turnover Calculation

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

Farmhouse's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	0.01	/ (	(0	+	0)	/	1 )
=	0.01	/	0
=	N/A

Farmhouse's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	0.006	/ (	(0.005	+	0.002)	/	2 )
=	0.006	/	0.0035
=	1.71

Farmhouse (OTCPK:FMHS) 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.

Farmhouse Receivables Turnover Related Terms

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Farmhouse (Farmhouse) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Farmhouse Inc (OTCPK:FMHS) » Definitions » Receivables Turnover

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Address

548 Market Street, Suite 90355, San Francisco, CA, USA, 94104

Website

https://www.weedclub.com

Farmhouse Inc is a platform provider to the regulated cannabis industry. Its core product is the WeedClub social network platform, which allows its members to digitally network with actual vetted cannabis industry stakeholders. It serves a wide range of areas within the professional cannabis and hemp industries, such as licensed growers, dispensers, laboratories, distributors, investors, accountants, lawyers, consultants, and others.