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The phrase 'of its receipt' is correct and usable in written English
It is a prepositional phrase that is usually used to describe the time when something is received or taken receipt of. For example, "We will process your request upon confirmation of its receipt."
Exact(24)
A spokeswoman for the company said in an e-mail that it changed suppliers of its receipt paper in January and has been assured that it no longer contains BPA.
A similar email was said to have been sent to the Foreign Office, which has said it has no record of its receipt.
A department spokesman said the department gave an initial response to the center's request within three days of its receipt on Dec. 16, saying it had approved expedited handling for the request.
Every gift should be acknowledged in writing within three months of its receipt.
Income is not constructively received if your control of its receipt is subject to substantial restrictions or limitations.
The applicant shall be accorded an opportunity to amend the application, with the Administrator either granting or denying the amended application within 7 days of its receipt.
Similar(36)
The service neglected to keep adequate records of its receipts, the number of tickets it got and who used them, and any measurement of the benefits for its sponsorships.
The difference is, the figure for "The Hurt Locker" represents the totality of its receipts in the seven months since it was released.
At the outset solemn ministerial pledges were given that none of its receipts would be used for general public spending.
The Red Cross did provide a limited accounting of its receipts and expenditures, ultimately conceding that $4.3 million of the nearly $16 million in donations earmarked for flood victims remained unspent.
The company had succeeded in limiting barter to 75percentt of its receipts, but Russia's new financial crisis has increased its dependence on barter deals to 90percentt.
More suggestions(19)
of its payment
of its incorporation
of its arrival
of its enjoyment
of its acquisition
of its admission
of its collection
of its enrolment
of its beneficiary
of its presentation
of its receptor
of its compilation
of its completion
of its submission
of its acceptance
of its perception
of its deposition
of its order
of its collections
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com