Charlottes Web Holdings (TSX:CWEB) Receivables Turnover : 6.63 (As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Charlottes Web 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. Charlottes Web Holdings's Revenue for the three months ended in Mar. 2024 was C$16.41 Mil. Charlottes Web Holdings's average Accounts Receivable for the three months ended in Mar. 2024 was C$2.48 Mil. Hence, Charlottes Web Holdings's Receivables Turnover for the three months ended in Mar. 2024 was 6.63.

Charlottes Web Holdings Receivables Turnover Historical Data

The historical data trend for Charlottes Web 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.

* Premium members only.

Charlottes Web Holdings Receivables Turnover Chart

Charlottes Web Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

18.08

17.92

19.86

23.00

33.06

Charlottes Web Holdings 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															7.71	6.24	5.80	7.10	6.63

Competitive Comparison of Charlottes Web Holdings's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Charlottes Web 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.

Charlottes Web Holdings's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Charlottes Web Holdings's Receivables Turnover falls into.

Charlottes Web Holdings Receivables Turnover Calculation

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

Charlottes Web 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 )
=	84.729	/ (	(2.509	+	2.616)	/	2 )
=	84.729	/	2.5625
=	33.06

Charlottes Web 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 )
=	16.411	/ (	(2.616	+	2.335)	/	2 )
=	16.411	/	2.4755
=	6.63

Charlottes Web Holdings (TSX:CWEB) 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.

Charlottes Web Holdings Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Charlottes Web Holdings's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Charlottes Web Holdings (TSX:CWEB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Charlottes Web Holdings Inc (TSX:CWEB) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CWBHF:USA 6CW:Germany

Address

700 Tech Court, Louisville, CO, USA, 80027

Website

https://www.charlottesweb.com

Charlottes Web Holdings Inc is engaged in the production and distribution of hemp-based cannabidiol (CBD) wellness products. Its product categories include ingestible products (tinctures, capsules, and gummies), topicals, and pet products. The company distributes its products through an e-commerce website, third-party e-commerce websites, select distributors, health practitioners, and a variety of brick-and-mortar specialty retailers.

Executives

William Morachnick

Senior Officer

Charlottes Web Holdings (TSX:CWEB) Headlines

From GuruFocus

Direxion Announces Reverse Splits of Three ETFs: ERY, CWEB & YINN

By PRNewswire PRNewswire • 04-29-2022