Manuka Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the third quarter 2023 to a ratio of 18.77, above the company average. This is a clear sign of healthy business climate in the Personal & Household Products industry and improving liquidity at their respective customers, during the third quarter 2023. Average receivable collection period, for the Manuka Inc in Sep 30 2023 quarter, has decreased to 19 days, compared to 29 days, in the Jun 30 2023 quarter.

If we take a look into Consumer Non Cyclical sector 8 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 87, from overall ranking in the second quarter 2023 at 673.

What is Receivable Turnover Ratio?
What is Manuka Inc Selling?

What is Receivable Turnover Ratio?

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MNKA Receivables Turnover Ratio	(Sep 30 2023) III. Quarter	(Jun 30 2023) II. Quarter	(Mar 31 2023) I. Quarter	(Dec 31 2022) IV. Quarter	(Sep 30 2022) III. Quarter
Y / Y Receivable Change	-68.49 %	-24.24 %	-	-	-
Y / Y Revenue Change	49.15 %	236.15 %	981.25 %	-	3833.33 %
Receivable Turnover Ratio (TTM)	18.77	12.7	9.05	7.24	5.96
MNKA's Total Ranking	# 87	# 673	# 86	# 0	# 0
Accounts Receivable average collection period days	19	29	40	50	61
Seq. Receivable Change	-47.73 %	25.71 %	-14.63 %	-43.84 %	25.7 %
Seq. Revenue Change	-14.56 %	19.08 %	49.14 %	-1.69 %	92.55 %

Receivable Turnover Company Ranking
Within:	No.
Personal & Household Products Industry	# 2
Consumer Non Cyclical Sector	# 9
Overall Market	# 87

Receivable Turnover Ratio Statistics
High	Average	Low
2.8	2.16	1.47
(Sep 30 2023)		(Mar 31 2023)

MNKA Company Profile • Back to MNKA Efficiency Comparisons • Compare MNKA Receivables Turnover Ratio to its Competitors

Financial Statements
Manuka Inc 's Accounts Receivable	$ 0 Millions	Visit MNKA's Balance sheet
Manuka Inc 's Sales TTM	$ 1 Millions	Visit MNKA's Income Statement
Sources of MNKA's Revenues		Visit MNKA's Sales by Geography

Other Accounts Receivable Turnover Ratios
Personal & Household Products Industry Accounts Receivable Turnover Trends and Statistics
Consumer Non Cyclical Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
MNKA's Receivable Turnover Ratio versus Personal & Household Products Industry, Consumer Non Cyclical Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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MNKA's Valuation Ratios	MNKA's Roe	MNKA's Financial Strength Ratios	MNKA's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2023, within Consumer Non Cyclical Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Sep 30 2023	Receivable at quarter ending Sep 30 2023
Axil Brands Inc	70.86	$ 25.390 Millions	$ 0.358 Millions
Trulieve Cannabis Corp.	69.09	$ 1,133.509 Millions	$ 16.405 Millions
Jushi Holdings Inc.	53.36	$ 278.497 Millions	$ 5.219 Millions
Turning Point Brands Inc	46.54	$ 411.565 Millions	$ 8.844 Millions
Cea Industries Inc	46.13	$ 7.274 Millions	$ 0.158 Millions
Hni Corporation	44.42	$ 2,320.991 Millions	$ 52.250 Millions
Inspire Veterinary Partners Inc	41.88	$ 4.120 Millions	$ 0.098 Millions
China Foods Holdings Ltd	41.01	$ 0.209 Millions	$ 0.005 Millions
American Cannabis Company Inc	40.88	$ 13.486 Millions	$ 0.330 Millions
Vector Group Ltd	37.33	$ 1,427.688 Millions	$ 38.247 Millions
Mission Produce Inc	37.27	$ 953.300 Millions	$ 25.575 Millions
Pacific Ventures Group Inc	35.22	$ 31.139 Millions	$ 0.884 Millions
Stem Holdings Inc	32.71	$ 19.419 Millions	$ 0.594 Millions
Dole Plc	31.08	$ 15,401.866 Millions	$ 495.632 Millions
Fitlife Brands Inc	30.20	$ 43.434 Millions	$ 1.438 Millions
Dswiss Inc	29.18	$ 1.282 Millions	$ 0.044 Millions
Biote Corp	26.74	$ 221.285 Millions	$ 8.277 Millions
Intelligent Hotel Group Ltd.	26.33	$ 0.288 Millions	$ 0.011 Millions
Educational Development Corporation	25.08	$ 70.367 Millions	$ 2.806 Millions
Smart For Life Inc	25.03	$ 11.108 Millions	$ 0.444 Millions
Naturalshrimp Incorporated	23.64	$ 0.415 Millions	$ 0.018 Millions
Bunge Global Sa	22.85	$ 61,264.000 Millions	$ 2,681.500 Millions
Cbdmd Inc	22.02	$ 24.155 Millions	$ 1.097 Millions
Tyson Foods Inc	21.91	$ 52,881.000 Millions	$ 2,413.750 Millions
Archer daniels midland Co	21.59	$ 96,896.000 Millions	$ 4,487.500 Millions
Charlie s Holdings Inc	21.40	$ 15.232 Millions	$ 0.712 Millions
The Boston Beer Company Inc	21.16	$ 2,062.428 Millions	$ 97.449 Millions
Healthy Extracts Inc	21.09	$ 2.636 Millions	$ 0.125 Millions
Rocky Mountain Chocolate Factory Inc	20.11	$ 30.617 Millions	$ 1.523 Millions
Manuka Inc	19.21	$ 0.687 Millions	$ 0.036 Millions

Date modified: 2023-11-22T11:29:34+00:00

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