Juva Life (Juva Life) Receivables Turnover : 6.61 (As of Mar. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Juva Life 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. Juva Life's Revenue for the three months ended in Mar. 2023 was $1.73 Mil. Juva Life's average Accounts Receivable for the three months ended in Mar. 2023 was $0.26 Mil. Hence, Juva Life's Receivables Turnover for the three months ended in Mar. 2023 was 6.61.

Juva Life Receivables Turnover Historical Data

The historical data trend for Juva Life'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.

Juva Life Receivables Turnover Chart

Juva Life Annual Data

Trend

Dec19

Dec20

Receivables Turnover

101.79

Juva Life Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Mar22	Jun22	Sep22	Mar23
Receivables Turnover	Get a 7-Day Free Trial							35.58	9.26	7.56	6.62	6.61

Competitive Comparison of Juva Life's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Juva Life'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.

Juva Life's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Juva Life's Receivables Turnover distribution charts can be found below:

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

Juva Life Receivables Turnover Calculation

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

Juva Life's Receivables Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Receivables Turnover (A: Dec. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2020 )	/ (	(Accounts Receivable (A: Dec. 2019 )	+	Accounts Receivable (A: Dec. 2020 ))	/	count )
=	0.967	/ (	(0.005	+	0.014)	/	2 )
=	0.967	/	0.0095
=	101.79

Juva Life's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	1.725	/ (	(0.097	+	0.425)	/	2 )
=	1.725	/	0.261
=	6.61

Juva Life (OTCPK:JUVAF) 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.

Juva Life Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Juva Life's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Juva Life (Juva Life) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Juva Life Inc (OTCPK:JUVAF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

4VV:Germany JUVA:Canada

Address

885 West Georgia Street, Suite 1400, Vancouver, BC, CAN, V6C 3E8

Website

https://www.juvalife.com

Juva Life Inc business is to acquire, own, and operate various cannabis business in the state of California. The Company operates in two reportable segments i) the resale of merchandise and cannabis-derived products, and ii) cultivation and sale of trim and flowers.