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. Better Choice Co's Revenue for the
three
months ended in Dec. 2023 was $5.70 Mil. Better Choice Co's average Accounts Receivable for the
three
months ended in Dec. 2023 was $6.47 Mil.
Hence, Better Choice Co's Receivables Turnover for the
three
months ended in Dec. 2023 was 0.88.
Better Choice Co Receivables Turnover Historical Data
The historical data trend for Better Choice Co'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.
Competitive Comparison of Better Choice Co's Receivables Turnover
For the Packaged Foods subindustry, Better Choice Co'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.
Better Choice Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Better Choice Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Better Choice Co's Receivables Turnover falls into.
Better Choice Co Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Better Choice Co's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Better Choice Co (AMEX:BTTR) 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.
Better Choice Co Receivables Turnover Related Terms
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Better Choice Co (Better Choice Co) Business Description
Better Choice Co Inc is a pet health and wellness portfolio company, offering consumers a wide variety of recognized premium pet products and hemp-derived CBD supplements. Its portfolio includes kibble and canned dog and cat food, freeze-dried raw dog food and treats, vegan dog food and treats, oral care products, supplements and grooming aids. Its core products sold under the Halo brand are sustainably sourced, derived from real whole meat and no rendered meat meal and include non-GMO fruits and vegetables. Its core products sold under the TruDog brand are made according to nutritional philosophy of fresh, meat-based nutrition and minimal processing. The company manages its entire business in one operating segment.
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