Planet 13 Holdings (FRA:Y7Q) Receivables Turnover : 20.54 (As of Mar. 2024)

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What is Planet 13 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. Planet 13 Holdings's Revenue for the three months ended in Mar. 2024 was €21.05 Mil. Planet 13 Holdings's average Accounts Receivable for the three months ended in Mar. 2024 was €1.02 Mil. Hence, Planet 13 Holdings's Receivables Turnover for the three months ended in Mar. 2024 was 20.54.

Planet 13 Holdings Receivables Turnover Historical Data

The historical data trend for Planet 13 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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Planet 13 Holdings Receivables Turnover Chart

Planet 13 Holdings Annual Data

Trend

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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295.03

209.56

147.39

84.77

76.88

Planet 13 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															19.41	20.17	19.67	18.81	20.54

Competitive Comparison of Planet 13 Holdings's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Planet 13 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.

Planet 13 Holdings's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Planet 13 Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Planet 13 Holdings's Receivables Turnover falls into.

Planet 13 Holdings Receivables Turnover Calculation

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

Planet 13 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 )
=	90.329	/ (	(1.253	+	1.097)	/	2 )
=	90.329	/	1.175
=	76.88

Planet 13 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 )
=	21.047	/ (	(1.097	+	0.952)	/	2 )
=	21.047	/	1.0245
=	20.54

Planet 13 Holdings (FRA:Y7Q) 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.

Planet 13 Holdings Receivables Turnover Related Terms

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Planet 13 Holdings (FRA:Y7Q) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Planet 13 Holdings Inc (FRA:Y7Q) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

PLNH:USA Y7Q:Germany PLTH:Canada

Address

2548 West Desert Inn Road, Las Vegas, NV, USA, 89109

Website

https://www.planet13holdings.com

Planet 13 Holdings Inc operates as an integrated cannabis company based in Nevada, with cultivation, production, and dispensary operations in Las Vegas. The company is focused on providing an unparalleled dispensary experience and optimizing cultivation efficiencies through its technology as the vanguard of cannabis.

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