Verano Holdings (Verano Holdings) Days Sales Outstanding : 14.10 (As of Dec. 2023)

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What is Verano Holdings Days Sales Outstanding?

Verano Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was $36.6 Mil. Verano Holdings's Revenue for the three months ended in Dec. 2023 was $237.2 Mil. Hence, Verano Holdings's Days Sales Outstanding for the three months ended in Dec. 2023 was 14.10.

The historical rank and industry rank for Verano Holdings's Days Sales Outstanding or its related term are showing as below:

VRNOF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 6.85 Med: 8.61 Max: 10.85
Current: 10.64

During the past 5 years, Verano Holdings's highest Days Sales Outstanding was 10.85. The lowest was 6.85. And the median was 8.61.

VRNOF's Days Sales Outstanding is ranked better than
96.2% of 1001 companies
in the Drug Manufacturers industry
Industry Median: 71.68 vs VRNOF: 10.64

Verano Holdings's Days Sales Outstanding increased from Dec. 2022 (6.42) to Dec. 2023 (14.10).

Verano Holdings Days Sales Outstanding Historical Data

The historical data trend for Verano Holdings's Days Sales Outstanding 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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Verano Holdings Days Sales Outstanding Chart

Verano Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

8.61

7.05

10.80

Verano Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															6.42	7.00	9.14	11.97	14.10

Competitive Comparison of Verano Holdings's Days Sales Outstanding

For the Drug Manufacturers - Specialty & Generic subindustry, Verano Holdings's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.

Verano Holdings's Days Sales Outstanding Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Verano Holdings's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Verano Holdings's Days Sales Outstanding falls into.

Verano Holdings Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Verano Holdings's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (16.58	+	38.981)	/	2 )	/	938.452	*	365
=	27.7805					/	938.452	*	365
=	10.80

Verano Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (34.315	+	38.981)	/	2 )	/	237.189	*	365 / 4
=	36.648					/	237.189	*	365 / 4
=	14.10

Verano Holdings (OTCPK:VRNOF) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Verano Holdings Days Sales Outstanding Related Terms

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Verano Holdings (Verano Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Verano Holdings Corp (OTCPK:VRNOF) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

VRNO:Canada

Address

415 North Dearborn Street, 4th Floor, Chicago, IL, USA, 60654

Website

https://www.veranogrown.com

Verano Holdings Corp is a vertically integrated multi?state cannabis operator in the United States. The company derives its revenues from its wholesale business and its retail dispensary chains. The retail business includes the design, build-out and operation of branded dispensaries in both medical and adult-use markets. The company's consumer brands include Encore, Avexia, MÜV, Savvy, BITS and Verano. The company's retail dispensaries operate under brands including Zen Leaf and MÜV.