MedMen Enterprises (MedMen Enterprises) Receivables Turnover : 5.87 (As of Mar. 2023)

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What is MedMen Enterprises 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. MedMen Enterprises's Revenue for the three months ended in Mar. 2023 was $27.2 Mil. MedMen Enterprises's average Accounts Receivable for the three months ended in Mar. 2023 was $4.6 Mil. Hence, MedMen Enterprises's Receivables Turnover for the three months ended in Mar. 2023 was 5.87.

MedMen Enterprises Receivables Turnover Historical Data

The historical data trend for MedMen Enterprises'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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MedMen Enterprises Receivables Turnover Chart

MedMen Enterprises Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Receivables Turnover

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125.10

255.15

47.85

38.98

136.18

MedMen Enterprises Quarterly Data
	Apr18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Receivables Turnover	Get a 7-Day Free Trial															3.76	6.32	9.21	5.48	5.87

Competitive Comparison of MedMen Enterprises's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, MedMen Enterprises'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.

MedMen Enterprises's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where MedMen Enterprises's Receivables Turnover falls into.

MedMen Enterprises Receivables Turnover Calculation

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

MedMen Enterprises's Receivables Turnover for the fiscal year that ended in Jun. 2022 is calculated as

	Receivables Turnover (A: Jun. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2022 )	/ (	(Accounts Receivable (A: Jun. 2021 )	+	Accounts Receivable (A: Jun. 2022 ))	/	count )
=	140.812	/ (	(0.917	+	1.151)	/	2 )
=	140.812	/	1.034
=	136.18

MedMen Enterprises's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	27.225	/ (	(5.416	+	3.862)	/	2 )
=	27.225	/	4.639
=	5.87

MedMen Enterprises (OTCPK:MMNFQ) 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.

MedMen Enterprises Receivables Turnover Related Terms

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MedMen Enterprises (MedMen Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » MedMen Enterprises Inc (OTCPK:MMNFQ) » Definitions » Receivables Turnover

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0JS:Germany MMEN:Canada

Address

10115 Jefferson Boulevard, Culver City, CA, USA, 90232

Website

https://www.medmen.com

MedMen Enterprises Inc formerly known as Ladera Ventures Corp is the preeminent cannabis company with multiple assets and operations in California, Nevada, and New York, which combined account for nearly half of North America's addressable legal market. The company owns and operates licensed cannabis facilities in cultivation, manufacturing, and retail.