ACRHF (Acreage Holdings) Receivables Turnover : 3.99 (As of Sep. 2024)

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What is Acreage 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. Acreage Holdings's Revenue for the three months ended in Sep. 2024 was $39.6 Mil. Acreage Holdings's average Accounts Receivable for the three months ended in Sep. 2024 was $9.9 Mil. Hence, Acreage Holdings's Receivables Turnover for the three months ended in Sep. 2024 was 3.99.

Acreage Holdings Receivables Turnover Historical Data

The historical data trend for Acreage 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.

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Acreage Holdings Receivables Turnover Chart

Acreage Holdings Annual Data

Trend

Aug17

Aug18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3,368.59

49.61

35.94

25.34

23.55

Acreage Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															6.57	6.32	5.30	4.28	3.99

Competitive Comparison of Acreage Holdings's Receivables Turnover

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

Acreage Holdings's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

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

Acreage Holdings Receivables Turnover Calculation

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

Acreage 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 )
=	223.378	/ (	(10.512	+	8.459)	/	2 )
=	223.378	/	9.4855
=	23.55

Acreage Holdings's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	39.624	/ (	(9.614	+	10.226)	/	2 )
=	39.624	/	9.92
=	3.99

Acreage Holdings (OTCPK:ACRHF) 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.

Acreage Holdings Receivables Turnover Related Terms

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Acreage Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Acreage Holdings Inc (OTCPK:ACRHF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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

Address

366 Madison Avenue, 14th floor,, New York, NY, USA, 10017

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.