Ascend Wellness Holdings (XCNQ:AAWH.U) Days Sales Outstanding : 20.57 (As of Mar. 2024)

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What is Ascend Wellness Holdings Days Sales Outstanding?

Ascend Wellness Holdings's average Accounts Receivable for the three months ended in Mar. 2024 was $32.1 Mil. Ascend Wellness Holdings's Revenue for the three months ended in Mar. 2024 was $142.4 Mil. Hence, Ascend Wellness Holdings's Days Sales Outstanding for the three months ended in Mar. 2024 was 20.57.

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

XCNQ:AAWH.U' s Days Sales Outstanding Range Over the Past 10 Years
Min: 7.6 Med: 12.34 Max: 17.51
Current: 17.51

During the past 5 years, Ascend Wellness Holdings's highest Days Sales Outstanding was 17.51. The lowest was 7.60. And the median was 12.34.

XCNQ:AAWH.U's Days Sales Outstanding is ranked better than
92.99% of 998 companies
in the Drug Manufacturers industry
Industry Median: 71.69 vs XCNQ:AAWH.U: 17.51

Ascend Wellness Holdings's Days Sales Outstanding increased from Mar. 2023 (13.42) to Mar. 2024 (20.57).

Ascend Wellness Holdings Days Sales Outstanding Historical Data

The historical data trend for Ascend Wellness 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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Ascend Wellness Holdings Days Sales Outstanding Chart

Ascend Wellness Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

15.81

7.60

9.76

14.92

Ascend Wellness Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial													13.42	15.43	15.34	17.47	20.57

Competitive Comparison of Ascend Wellness Holdings's Days Sales Outstanding

For the Drug Manufacturers - Specialty & Generic subindustry, Ascend Wellness 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.

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

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

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

Ascend Wellness 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.

Ascend Wellness 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
=	( (14.101	+	28.298)	/	2 )	/	518.59	*	365
=	21.1995					/	518.59	*	365
=	14.92

Ascend Wellness Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (28.298	+	35.898)	/	2 )	/	142.41	*	365 / 4
=	32.098					/	142.41	*	365 / 4
=	20.57

Ascend Wellness Holdings (XCNQ:AAWH.U) Days Sales Outstanding Explanation

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

Ascend Wellness Holdings Days Sales Outstanding Related Terms

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Ascend Wellness Holdings (XCNQ:AAWH.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ascend Wellness Holdings Inc (XCNQ:AAWH.U) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

AAWH:USA

Address

1411 Broadway, 16th Floor, New York, NY, USA, 10018

Website

https://www.awholdings.com

Ascend Wellness Holdings Inc is a vertically integrated multi-state operator focused on adult-use or near-term adult-use cannabis states in limited license markets. The company's core business is the cultivation, manufacturing, and distribution of cannabis consumer packaged goods, which it sells through company-owned retail stores and third-party licensed cannabis retail stores. It generates maximum revenue from the retail product segment.

Ascend Wellness Holdings (XCNQ:AAWH.U) Headlines

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