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Nevis Brands (Nevis Brands) Receivables Turnover : 1.71 (As of Feb. 2024)


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What is Nevis Brands 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. Nevis Brands's Revenue for the three months ended in Feb. 2024 was $0.28 Mil. Nevis Brands's average Accounts Receivable for the three months ended in Feb. 2024 was $0.17 Mil. Hence, Nevis Brands's Receivables Turnover for the three months ended in Feb. 2024 was 1.71.


Nevis Brands Receivables Turnover Historical Data

The historical data trend for Nevis Brands'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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Nevis Brands Receivables Turnover Chart

Nevis Brands Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 6.28

Nevis Brands Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 - - 3.15 2.09 1.71

Competitive Comparison of Nevis Brands's Receivables Turnover

For the Beverages - Non-Alcoholic subindustry, Nevis Brands'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.


Nevis Brands's Receivables Turnover Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Nevis Brands's Receivables Turnover distribution charts can be found below:

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



Nevis Brands Receivables Turnover Calculation

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

Nevis Brands's Receivables Turnover for the fiscal year that ended in Nov. 2023 is calculated as

Receivables Turnover (A: Nov. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Nov. 2023 ) / ((Accounts Receivable (A: Nov. 2022 ) + Accounts Receivable (A: Nov. 2023 )) / count )
=0.49 / ((0.005 + 0.151) / 2 )
=0.49 / 0.078
=6.28

Nevis Brands's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

Receivables Turnover (Q: Feb. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Feb. 2024 ) / ((Accounts Receivable (Q: Nov. 2023 ) + Accounts Receivable (Q: Feb. 2024 )) / count )
=0.282 / ((0.151 + 0.179) / 2 )
=0.282 / 0.165
=1.71

* 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.


Nevis Brands  (OTCPK:PSCBF) 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.


Nevis Brands Receivables Turnover Related Terms

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Nevis Brands (Nevis Brands) Business Description

Traded in Other Exchanges
Address
4000 Mason Road, Suite 304, Seattle, WA, USA, 98195
Nevis Brands Inc innovates and develops cannabis beverages and related products. Its brands comprise Major, Happy Apple, Pearl, Utopia, Atomic Apple, Vertus, Velvet Swing, and Velvet Kiss.