GPO Plus (GPO Plus) Receivables Turnover : 21.58 (As of Jan. 2024)

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What is GPO Plus 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. GPO Plus's Revenue for the three months ended in Jan. 2024 was $1.09 Mil. GPO Plus's average Accounts Receivable for the three months ended in Jan. 2024 was $0.05 Mil. Hence, GPO Plus's Receivables Turnover for the three months ended in Jan. 2024 was 21.58.

GPO Plus Receivables Turnover Historical Data

The historical data trend for GPO Plus'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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GPO Plus Receivables Turnover Chart

GPO Plus Annual Data

Trend

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Receivables Turnover

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165.40

387.67

29.07

GPO Plus 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															9.55	17.96	17.04	17.53	21.58

Competitive Comparison of GPO Plus's Receivables Turnover

For the Specialty Business Services subindustry, GPO Plus'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.

GPO Plus's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, GPO Plus's Receivables Turnover distribution charts can be found below:

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

GPO Plus Receivables Turnover Calculation

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

GPO Plus's Receivables Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Receivables Turnover (A: Apr. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Apr. 2023 )	/ (	(Accounts Receivable (A: Apr. 2022 )	+	Accounts Receivable (A: Apr. 2023 ))	/	count )
=	0.654	/ (	(0.001	+	0.044)	/	2 )
=	0.654	/	0.0225
=	29.07

GPO Plus'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 )
=	1.09	/ (	(0.069	+	0.032)	/	2 )
=	1.09	/	0.0505
=	21.58

GPO Plus (OTCPK:GPOX) 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.

GPO Plus Receivables Turnover Related Terms

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GPO Plus (GPO Plus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » GPO Plus Inc (OTCPK:GPOX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

3571 E. Sunset Road, Suite 300, Las Vegas, NV, USA, 89120

Website

https://www.gpoplus.com

GPO Plus Inc is a fully reporting global holding company of industry-specific Group Purchasing Organizations (GPO). The company's main holdings are HealthGPO, a Group Purchasing Organization for the Healthcare industry, and cbdGPO, a Group Purchasing Organization for the CBD and Hemp industry. In addition, GPOPlus+ offers professional services through GPOPRO Services. The Company's business is organized around four key areas which are products (developing and manufacturing), distribution (getting our products to customers), marketing (promoting our products), and sales (selling our products to consumers and retailers).