Ascend Wellness Holdings (XCNQ:AAWH.U) Receivables Turnover : 4.44 (As of Mar. 2024)

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What is Ascend Wellness Holdings Receivables Turnover?

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. Ascend Wellness Holdings's Revenue for the three months ended in Mar. 2024 was $142.4 Mil. Ascend Wellness Holdings's average Accounts Receivable for the three months ended in Mar. 2024 was $32.1 Mil. Hence, Ascend Wellness Holdings's Receivables Turnover for the three months ended in Mar. 2024 was 4.44.

Ascend Wellness Holdings Receivables Turnover Historical Data

The historical data trend for Ascend Wellness Holdings'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.

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Ascend Wellness Holdings Receivables Turnover Chart

Ascend Wellness Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

23.08

48.04

37.39

24.46

Ascend Wellness Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial													6.80	5.91	5.95	5.22	4.44

Competitive Comparison of Ascend Wellness Holdings's Receivables Turnover

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

Ascend Wellness Holdings's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Ascend Wellness Holdings's Receivables Turnover falls into.

Ascend Wellness Holdings Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Ascend Wellness Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	518.59	/ (	(14.101	+	28.298)	/	2 )
=	518.59	/	21.1995
=	24.46

Ascend Wellness Holdings's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	142.41	/ (	(28.298	+	35.898)	/	2 )
=	142.41	/	32.098
=	4.44

Ascend Wellness Holdings (XCNQ:AAWH.U) Receivables Turnover Explanation

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.

Ascend Wellness Holdings Receivables Turnover 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 » Receivables Turnover

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.

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