Newage Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the third quarter 2021 to a ratio of 38.52, above the company average. This is a clear sign of healthy business climate in the Alcoholic Beverages industry and improving liquidity at their respective customers, during the third quarter 2021. Average receivable collection period, for the Newage Inc in Sep 30 2021 quarter, has decreased to 9 days, compared to 11 days, in the Jun 30 2021 quarter.

If we take a look into Consumer Non Cyclical sector 13 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 365, from overall ranking in the second quarter 2021 at 819.

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

What is Receivable Turnover Ratio?

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NBEV Receivables Turnover Ratio	(Sep 30 2021) III. Quarter	(Jun 30 2021) II. Quarter	(Mar 31 2021) I. Quarter	(Dec 31 2020) IV. Quarter	(Sep 30 2020) III. Quarter
Y / Y Receivable Change	-14.14 %	-20.62 %	5.62 %	28.21 %	-17.81 %
Y / Y Revenue Change	58.73 %	98.03 %	97.07 %	52.68 %	-10.18 %
Receivable Turnover Ratio (TTM)	38.52	34.2	27.4	22.73	21.56
NBEV's Total Ranking	# 365	# 819	# 819	# 424	#
Accounts Receivable average collection period days	9	11	13	16	17
Seq. Receivable Change	-15.25 %	-14.06 %	-13.71 %	36.62 %	-21.65 %
Seq. Revenue Change	-19.74 %	-1.18 %	38.81 %	44.17 %	0.13 %

Receivable Turnover Company Ranking
Within:	No.
Alcoholic Beverages Industry	# 0
Consumer Non Cyclical Sector	# 14
Overall Market	# 365

Receivable Turnover Ratio Statistics
High	Average	Low
39.35	17.21	1.77
(Sep 30 2021)		(Jun 30 2016)

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

Financial Statements
Newage Inc 's Accounts Receivable	$ 9 Millions	Visit NBEV's Balance sheet
Newage Inc 's Sales TTM	$ 440 Millions	Visit NBEV's Income Statement
Sources of NBEV's Revenues		Visit NBEV's Sales by Geography

Other Accounts Receivable Turnover Ratios
Alcoholic Beverages Industry Accounts Receivable Turnover Trends and Statistics
Consumer Non Cyclical Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
NBEV's Receivable Turnover Ratio versus Alcoholic Beverages Industry, Consumer Non Cyclical Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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NBEV's Growth Rates	NBEV's Roa	NBEV's Inventory Turnover Ratio	NBEV's Dividend Comparisons
NBEV's Profitability Ratios	NBEV's Roi	NBEV's Asset Turnover Ratio	NBEV's Dividend Growth
NBEV's Valuation Ratios	NBEV's Roe	NBEV's Financial Strength Ratios	NBEV's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2021, within Consumer Non Cyclical Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Sep 30 2021	Receivable at quarter ending Sep 30 2021
Pilgrim s Pride Corporation	74.25	$ 13,856.518 Millions	$ 186.625 Millions
Aquabounty Technologies Inc	69.19	$ 0.807 Millions	$ 0.012 Millions
American Cannabis Company Inc	66.60	$ 2.010 Millions	$ 0.030 Millions
Vector Group Ltd	61.79	$ 2,473.770 Millions	$ 40.032 Millions
Coca cola Consolidated Inc	61.45	$ 5,439.012 Millions	$ 88.510 Millions
Turning Point Brands Inc	58.89	$ 445.473 Millions	$ 7.565 Millions
Neutra Corp	55.05	$ 0.056 Millions	$ 0.001 Millions
Educational Development Corporation	50.23	$ 180.896 Millions	$ 3.601 Millions
Laird Superfood Inc	41.46	$ 34.789 Millions	$ 0.839 Millions
Newage Inc	38.52	$ 439.533 Millions	$ 11.411 Millions
Stem Holdings Inc	37.18	$ 35.769 Millions	$ 0.962 Millions
Cirtran Corporation	37.00	$ 3.079 Millions	$ 0.083 Millions
Hanjiao Group Inc	32.80	$ 2.096 Millions	$ 0.064 Millions
Fresh Del Monte Produce Inc	30.01	$ 4,237.000 Millions	$ 141.200 Millions
Cat9 Group Inc	27.63	$ 1.246 Millions	$ 0.045 Millions
Accredited Solutions Inc	27.27	$ 0.978 Millions	$ 0.036 Millions
Pacific Ventures Group Inc	25.75	$ 37.791 Millions	$ 1.468 Millions
Bunge Global Sa	24.68	$ 55,079.000 Millions	$ 2,231.750 Millions
Healthy Extracts Inc	24.67	$ 0.998 Millions	$ 0.040 Millions
Brewbilt Brewing Company	24.07	$ 0.305 Millions	$ 0.013 Millions
Archer daniels midland Co	24.03	$ 80,137.000 Millions	$ 3,334.250 Millions
Sanderson Farms Inc	23.73	$ 4,799.653 Millions	$ 202.257 Millions
Niagen Bioscience Inc	23.07	$ 65.135 Millions	$ 2.824 Millions
Tyson Foods Inc	21.54	$ 47,049.000 Millions	$ 2,184.250 Millions
Dswiss Inc	21.43	$ 1.627 Millions	$ 0.076 Millions
Philip Morris International Inc	19.65	$ 80,924.000 Millions	$ 4,118.750 Millions
The Boston Beer Company Inc	19.37	$ 2,170.465 Millions	$ 112.076 Millions
Axil Brands Inc	19.11	$ 2.204 Millions	$ 0.115 Millions
South Dakota Soybean Processors Llc	16.70	$ 550.277 Millions	$ 32.959 Millions
Charlie s Holdings Inc	16.68	$ 19.243 Millions	$ 1.154 Millions

Date modified: 2026-08-29T17:35:01+00:00

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