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Grown Rogue International (XCNQ:GRIN) Receivables Turnover : 3.71 (As of Apr. 2023)


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What is Grown Rogue International 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. Grown Rogue International's Revenue for the three months ended in Apr. 2023 was C$8.10 Mil. Grown Rogue International's average Accounts Receivable for the three months ended in Apr. 2023 was C$2.18 Mil. Hence, Grown Rogue International's Receivables Turnover for the three months ended in Apr. 2023 was 3.71.


Grown Rogue International Receivables Turnover Historical Data

The historical data trend for Grown Rogue International'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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Grown Rogue International Receivables Turnover Chart

Grown Rogue International Annual Data
Trend Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Oct19 Oct20 Oct21 Oct22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 29.25 27.74 20.35 15.93

Grown Rogue International Quarterly Data
May18 Aug18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Oct22 Jan23 Apr23 Oct23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 3.16 3.71 -

Competitive Comparison of Grown Rogue International's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Grown Rogue International'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.


Grown Rogue International's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Grown Rogue International's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Grown Rogue International's Receivables Turnover falls into.



Grown Rogue International Receivables Turnover Calculation

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

Grown Rogue International's Receivables Turnover for the fiscal year that ended in Oct. 2022 is calculated as

Receivables Turnover (A: Oct. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Oct. 2022 ) / ((Accounts Receivable (A: Oct. 2021 ) + Accounts Receivable (A: Oct. 2022 )) / count )
=24.308 / ((0.919 + 2.133) / 2 )
=24.308 / 1.526
=15.93

Grown Rogue International's Receivables Turnover for the quarter that ended in Apr. 2023 is calculated as

Receivables Turnover (Q: Apr. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Apr. 2023 ) / ((Accounts Receivable (Q: Jan. 2023 ) + Accounts Receivable (Q: Apr. 2023 )) / count )
=8.097 / ((1.714 + 2.647) / 2 )
=8.097 / 2.1805
=3.71

* 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.


Grown Rogue International  (XCNQ:GRIN) 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.


Grown Rogue International Receivables Turnover Related Terms

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Grown Rogue International (XCNQ:GRIN) Business Description

Traded in Other Exchanges
Address
550 Airport Road, Medford, OR, USA, 97504
Grown Rogue International Inc is a vertically-integrated, multi-state Cannabis family of brands. The company with indoor and outdoor manufacturing facilities and consumer insight-based product categorization creates innovative products. The firm's product portfolio consists of Jack Herer, Rogue Og, Mothers Milk, White Cookies, and Critical Jack among others.
Executives
Jakob Iotte Senior Officer

Grown Rogue International (XCNQ:GRIN) Headlines

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