The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. MariMed's Revenue for the
three
months ended in Mar. 2024 was $37.9 Mil. MariMed's average Accounts Receivable for the
three
months ended in Mar. 2024 was $6.8 Mil.
Hence, MariMed's Receivables Turnover for the
three
months ended in Mar. 2024 was 5.54.
MariMed Receivables Turnover Historical Data
The historical data trend for MariMed's Receivables Turnover 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.
Competitive Comparison of MariMed's Receivables Turnover
For the Drug Manufacturers - Specialty & Generic subindustry, MariMed's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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.
MariMed's Receivables Turnover Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, MariMed's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where MariMed's Receivables Turnover falls into.
MariMed Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
MariMed's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
MariMed Receivables Turnover Related Terms
Thank you for viewing the detailed overview of MariMed's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
MariMed Inc is a multi-state operator in the United States cannabis industry. It develops, operates, manages, and optimizes regulatory-compliant facilities for the cultivation, production, and dispensing of medical and adult-use cannabis. MariMed also licenses its proprietary brands of cannabis products along with other top brands in domestic markets Sources of revenue are comprised of Product sales (retail and wholesale), Real estate rental income, Supply procurement, Management fees, and Licensing fees.
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