Bee Vectoring Technologies International (XCNQ:BEE) Receivables Turnover : 0.94 (As of Dec. 2023)

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What is Bee Vectoring Technologies International 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. Bee Vectoring Technologies International's Revenue for the three months ended in Dec. 2023 was C$0.02 Mil. Bee Vectoring Technologies International's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.02 Mil. Hence, Bee Vectoring Technologies International's Receivables Turnover for the three months ended in Dec. 2023 was 0.94.

Bee Vectoring Technologies International Receivables Turnover Historical Data

The historical data trend for Bee Vectoring Technologies International'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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Bee Vectoring Technologies International Receivables Turnover Chart

Bee Vectoring Technologies International Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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10.70

10.10

6.63

10.95

Bee Vectoring Technologies International Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.11	0.61	3.49	-	0.94

Competitive Comparison of Bee Vectoring Technologies International's Receivables Turnover

For the Agricultural Inputs subindustry, Bee Vectoring Technologies International'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.

Bee Vectoring Technologies International's Receivables Turnover Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Bee Vectoring Technologies International's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Bee Vectoring Technologies International's Receivables Turnover falls into.

Bee Vectoring Technologies International Receivables Turnover Calculation

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

Bee Vectoring Technologies International's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	0.602	/ (	(0.098	+	0.012)	/	2 )
=	0.602	/	0.055
=	10.95

Bee Vectoring Technologies International's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	0.017	/ (	(0.012	+	0.024)	/	2 )
=	0.017	/	0.018
=	0.94

Bee Vectoring Technologies International (XCNQ:BEE) 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.

Bee Vectoring Technologies International Receivables Turnover Related Terms

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Bee Vectoring Technologies International (XCNQ:BEE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Bee Vectoring Technologies International Inc (XCNQ:BEE) » Definitions » Receivables Turnover

Comparable Companies

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BEVVF:USA 1UR1:Germany

Address

4160 Sladeview Crescent, Suite 7, Mississauga, ON, CAN, L5L 0A1

Website

https://www.beevt.com

Bee Vectoring Technologies International Inc through its subsidiary is focused on the control of pests and enhancement of crops and ornamentals by biological controls in a variety of application processes. Its solution includes The Hive and Bees; and Vectorpak with Vectorite.

Executives

Claude Flueckiger

Director