Chill Brands Group (LSE:CHLL) Receivables Turnover : 0.41 (As of Sep. 2023)

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What is Chill Brands Group 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. Chill Brands Group's Revenue for the six months ended in Sep. 2023 was £0.08 Mil. Chill Brands Group's average Accounts Receivable for the six months ended in Sep. 2023 was £0.20 Mil. Hence, Chill Brands Group's Receivables Turnover for the six months ended in Sep. 2023 was 0.41.

Chill Brands Group Receivables Turnover Historical Data

The historical data trend for Chill Brands Group'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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Chill Brands Group Receivables Turnover Chart

Chill Brands Group Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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0.38

2.35

2.18

0.31

Chill Brands Group Semi-Annual Data
	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial												7.07	-	0.04	0.29	0.41

Competitive Comparison of Chill Brands Group's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Chill Brands Group'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.

Chill Brands Group's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Chill Brands Group's Receivables Turnover falls into.

Chill Brands Group Receivables Turnover Calculation

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

Chill Brands Group's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	0.083	/ (	(0.516	+	0.016)	/	2 )
=	0.083	/	0.266
=	0.31

Chill Brands Group'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: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	0.083	/ (	(0.016	+	0.392)	/	2 )
=	0.083	/	0.204
=	0.41

Chill Brands Group (LSE:CHLL) 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.

Chill Brands Group Receivables Turnover Related Terms

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Chill Brands Group (LSE:CHLL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Chill Brands Group PLC (LSE:CHLL) » Definitions » Receivables Turnover

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Traded in Other Exchanges

CHBRF:USA 7HR:Germany

Address

1601 Riverfront Drive, Suite 201, Grand Junction, CO, USA, 81501

Website

https://www.chillbrandsgroup.com

Chill Brands Group PLC is engaged in the development, production, and distribution of CBD and lifestyle products. The CBD business sells wellness products in the United States and the United Kingdom under two brands Zoetic and Chill ranges. The chill brand is a tobacco alternative selling smokables and chew pouches. It generates revenue from the sale of CBD products. Geographically, group's revenue is generated in the United States.

Chill Brands Group (LSE:CHLL) Headlines

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