C21 Investments (C21 Investments) Receivables Turnover : 15.88 (As of Oct. 2023)

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What is C21 Investments 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. C21 Investments's Revenue for the three months ended in Oct. 2023 was $6.88 Mil. C21 Investments's average Accounts Receivable for the three months ended in Oct. 2023 was $0.43 Mil. Hence, C21 Investments's Receivables Turnover for the three months ended in Oct. 2023 was 15.88.

C21 Investments Receivables Turnover Historical Data

The historical data trend for C21 Investments'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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C21 Investments Receivables Turnover Chart

C21 Investments Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Receivables Turnover

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36.94

153.58

128.22

220.62

96.45

C21 Investments Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Receivables Turnover	Get a 7-Day Free Trial															30.35	21.51	14.68	12.17	15.88

Competitive Comparison of C21 Investments's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, C21 Investments'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.

C21 Investments's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, C21 Investments's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where C21 Investments's Receivables Turnover falls into.

C21 Investments Receivables Turnover Calculation

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

C21 Investments's Receivables Turnover for the fiscal year that ended in Jan. 2023 is calculated as

	Receivables Turnover (A: Jan. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jan. 2023 )	/ (	(Accounts Receivable (A: Jan. 2022 )	+	Accounts Receivable (A: Jan. 2023 ))	/	count )
=	28.888	/ (	(0.198	+	0.401)	/	2 )
=	28.888	/	0.2995
=	96.45

C21 Investments's Receivables Turnover for the quarter that ended in Oct. 2023 is calculated as

	Receivables Turnover (Q: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Oct. 2023 )	/ (	(Accounts Receivable (Q: Jul. 2023 )	+	Accounts Receivable (Q: Oct. 2023 ))	/	count )
=	6.882	/ (	(0.53	+	0.337)	/	2 )
=	6.882	/	0.4335
=	15.88

C21 Investments (OTCPK:CXXIF) 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.

C21 Investments Receivables Turnover Related Terms

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C21 Investments (C21 Investments) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » C21 Investments Inc (OTCPK:CXXIF) » Definitions » Receivables Turnover

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CXXI:Canada

Address

601 West Cordova Street, Suite 280, Vancouver, BC, CAN, V6B 1G1

Website

https://www.cxxi.ca

C21 Investments Inc is a vertically integrated cannabis company. It cultivates, processes, manufactures, and distributes cannabis and hemp-derived consumer products. C21's focus is to expand where the company can wholly own indoor or outdoor cultivation operations, extraction facilities, bakeries, branded products, and retail dispensaries with a large distribution network.