SNDL (SNDL) Receivables Turnover : 8.96 (As of Mar. 2024)

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What is SNDL 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. SNDL's Revenue for the three months ended in Mar. 2024 was $146.1 Mil. SNDL's average Accounts Receivable for the three months ended in Mar. 2024 was $16.3 Mil. Hence, SNDL's Receivables Turnover for the three months ended in Mar. 2024 was 8.96.

SNDL Receivables Turnover Historical Data

The historical data trend for SNDL'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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SNDL Receivables Turnover Chart

SNDL Annual Data

Trend

Feb17

Feb18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.58

3.06

4.21

48.97

44.60

SNDL Quarterly Data
	Jun19	Sep19	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															7.44	7.48	8.09	10.20	8.96

Competitive Comparison of SNDL's Receivables Turnover

For the Beverages - Wineries & Distilleries subindustry, SNDL'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.

SNDL's Receivables Turnover Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, SNDL's Receivables Turnover distribution charts can be found below:

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

SNDL Receivables Turnover Calculation

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

SNDL'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 )
=	677.554	/ (	(12.925	+	17.458)	/	2 )
=	677.554	/	15.1915
=	44.60

SNDL'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 )
=	146.092	/ (	(17.458	+	15.161)	/	2 )
=	146.092	/	16.3095
=	8.96

SNDL (NAS:SNDL) 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.

SNDL Receivables Turnover Related Terms

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SNDL (SNDL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » SNDL Inc (NAS:SNDL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

919-11 Avenue South West, Suite 300, Calgary, AB, CAN, T2R 1P3

Website

https://www.sndl.com

SNDL Inc is the largest private-sector liquor and cannabis retailer in Canada with retail banners that include Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, and Spiritleaf. Principal activities of the company are the retailing of wines, beers and spirits. It comprised of four reportable segments: liquor retail, cannabis retail, cannabis operations, and investments. Liquor retail includes the sale of wines, beers and spirits through owned liquor stores. Company generates maximum revenue from liquor retail.