Glass House Brands (Glass House Brands) Days Sales Outstanding : 9.58 (As of Dec. 2023)

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What is Glass House Brands Days Sales Outstanding?

Glass House Brands's average Accounts Receivable for the three months ended in Dec. 2023 was $4.1 Mil. Glass House Brands's Revenue for the three months ended in Dec. 2023 was $39.0 Mil. Hence, Glass House Brands's Days Sales Outstanding for the three months ended in Dec. 2023 was 9.58.

The historical rank and industry rank for Glass House Brands's Days Sales Outstanding or its related term are showing as below:

GLASF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 8.74 Med: 18.79 Max: 38.88
Current: 8.74

During the past 4 years, Glass House Brands's highest Days Sales Outstanding was 38.88. The lowest was 8.74. And the median was 18.79.

GLASF's Days Sales Outstanding is ranked better than
96.9% of 1000 companies
in the Drug Manufacturers industry
Industry Median: 72.34 vs GLASF: 8.74

Glass House Brands's Days Sales Outstanding declined from Dec. 2022 (20.18) to Dec. 2023 (9.58).

Glass House Brands Days Sales Outstanding Historical Data

The historical data trend for Glass House Brands's Days Sales Outstanding 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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Glass House Brands Days Sales Outstanding Chart

Glass House Brands Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

38.88

21.97

15.60

9.95

Glass House Brands Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial											20.18	12.11	6.25	7.37	9.58

Competitive Comparison of Glass House Brands's Days Sales Outstanding

For the Drug Manufacturers - Specialty & Generic subindustry, Glass House Brands's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.

Glass House Brands's Days Sales Outstanding Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Glass House Brands's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Glass House Brands's Days Sales Outstanding falls into.

Glass House Brands Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Glass House Brands's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (4.789	+	3.979)	/	2 )	/	160.836	*	365
=	4.384					/	160.836	*	365
=	9.95

Glass House Brands's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (4.199	+	3.979)	/	2 )	/	38.962	*	365 / 4
=	4.089					/	38.962	*	365 / 4
=	9.58

Glass House Brands (OTCPK:GLASF) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Glass House Brands Days Sales Outstanding Related Terms

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Glass House Brands (Glass House Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Glass House Brands Inc (OTCPK:GLASF) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

4KF0:Germany GLAS.A.U:Canada

Address

3645 Long Beach Boulevard, Long Beach, CA, USA, 90807

Website

https://www.glasshousegroup.com

Glass House Brands Inc is a vertically integrated cannabis and hemp company with a focus on the California market. Its portfolio of brands includes Glass House Farms, Forbidden Flowers, and Mama Sue Wellness.