Gold Flora (Gold Flora) Receivables Turnover : 12.39 (As of Dec. 2023)

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What is Gold Flora 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. Gold Flora's Revenue for the three months ended in Dec. 2023 was $28.40 Mil. Gold Flora's average Accounts Receivable for the three months ended in Dec. 2023 was $2.29 Mil. Hence, Gold Flora's Receivables Turnover for the three months ended in Dec. 2023 was 12.39.

Gold Flora Receivables Turnover Historical Data

The historical data trend for Gold Flora'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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Gold Flora Receivables Turnover Chart

Gold Flora Annual Data

Trend

Dec22

Dec23

Receivables Turnover

30.02

45.94

Gold Flora Quarterly Data
	Sep22	Dec22	Sep23	Dec23
Receivables Turnover	-	7.40	12.79	12.39

Competitive Comparison of Gold Flora's Receivables Turnover

For the Tobacco subindustry, Gold Flora'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.

Gold Flora's Receivables Turnover Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Gold Flora's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Gold Flora's Receivables Turnover falls into.

Gold Flora Receivables Turnover Calculation

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

Gold Flora'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 )
=	90.964	/ (	(2.187	+	1.773)	/	2 )
=	90.964	/	1.98
=	45.94

Gold Flora's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	28.395	/ (	(2.812	+	1.773)	/	2 )
=	28.395	/	2.2925
=	12.39

Gold Flora (OTCPK:GRAM) 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.

Gold Flora Receivables Turnover Related Terms

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Gold Flora (Gold Flora) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Gold Flora Corp (OTCPK:GRAM) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

GRAM:Canada

Address

3165 Red Hill Avenue, Costa Mesa, CA, USA, 92626

Website

https://www.goldflora.com

Gold Flora Corp is one of the few cannabis brands that is vertically integrated and woman-owned and operated. Gold Flora started with a mission to provide an easy and consistent way for consumers to enjoy cannabis. After years of hard work and a shared passion for the plant, Gold Flora has become a California powerhouse - with cultivation, manufacturing, extraction, distribution, retail and a portfolio of brands that create an array of superior products that make a difference in people's lives. Its products include disposable vape pens and gold flora flowers.

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