Acreage Holdings (Acreage Holdings) Days Sales Outstanding : 14.43 (As of Dec. 2023)

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What is Acreage Holdings Days Sales Outstanding?

Acreage Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was $8.4 Mil. Acreage Holdings's Revenue for the three months ended in Dec. 2023 was $52.8 Mil. Hence, Acreage Holdings's Days Sales Outstanding for the three months ended in Dec. 2023 was 14.43.

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

ACRDF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.11 Med: 10.16 Max: 15.5
Current: 13.96

During the past 7 years, Acreage Holdings's highest Days Sales Outstanding was 15.50. The lowest was 0.11. And the median was 10.16.

ACRDF's Days Sales Outstanding is ranked better than
95.1% of 999 companies
in the Drug Manufacturers industry
Industry Median: 72.08 vs ACRDF: 13.96

Acreage Holdings's Days Sales Outstanding declined from Dec. 2022 (15.86) to Dec. 2023 (14.43).

Acreage Holdings Days Sales Outstanding Historical Data

The historical data trend for Acreage Holdings'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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Acreage Holdings Days Sales Outstanding Chart

Acreage Holdings Annual Data

Trend

Aug17

Aug18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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0.11

7.36

10.16

14.40

15.50

Acreage Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	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															15.86	13.91	12.17	13.88	14.43

Competitive Comparison of Acreage Holdings's Days Sales Outstanding

For the Drug Manufacturers - Specialty & Generic subindustry, Acreage Holdings'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.

Acreage Holdings's Days Sales Outstanding Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Acreage Holdings's Days Sales Outstanding falls into.

Acreage Holdings 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.

Acreage Holdings'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
=	( (10.512	+	8.459)	/	2 )	/	223.378	*	365
=	9.4855					/	223.378	*	365
=	15.50

Acreage Holdings'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
=	( (8.242	+	8.459)	/	2 )	/	52.798	*	365 / 4
=	8.3505					/	52.798	*	365 / 4
=	14.43

Acreage Holdings (OTCPK:ACRDF) Days Sales Outstanding Explanation

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

Acreage Holdings Days Sales Outstanding Related Terms

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Acreage Holdings (Acreage Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Acreage Holdings Inc (OTCPK:ACRDF) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

ACRHF:USA 0VZ1:Germany ACRG.A.U:Canada ACRG.B.U:Canada

Address

450 Lexington Avenue, Suite 3308, New York, NY, USA, 10163

Website

https://www.acreageholdings.com

Acreage Holdings Inc is a vertically integrated, multi-state operator in the cannabis industry. Its business operations include cultivating, processing, distributing, and retailing cannabis. The Company derives its revenues from its retail dispensary business, where cannabis and cannabis-infused products are sold to consumers. Its geographic segments include New England, Mid-Atlantic, Midwest, West, and South. The Company operates under one operating segment, which is: the production and sale of cannabis products.