GWAYF (Greenway Greenhouse Cannabis) Receivables Turnover : 1.79 (As of Sep. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Greenway Greenhouse Cannabis 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. Greenway Greenhouse Cannabis's Revenue for the three months ended in Sep. 2024 was $1.33 Mil. Greenway Greenhouse Cannabis's average Accounts Receivable for the three months ended in Sep. 2024 was $0.75 Mil. Hence, Greenway Greenhouse Cannabis's Receivables Turnover for the three months ended in Sep. 2024 was 1.79.

Greenway Greenhouse Cannabis Receivables Turnover Historical Data

The historical data trend for Greenway Greenhouse Cannabis'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.

* Premium members only.

Greenway Greenhouse Cannabis Receivables Turnover Chart

Greenway Greenhouse Cannabis Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

6.87

10.39

6.22

Greenway Greenhouse Cannabis Quarterly Data
	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												2.67	2.05	1.68	2.04	1.79

Competitive Comparison of Greenway Greenhouse Cannabis's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Greenway Greenhouse Cannabis'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.

Greenway Greenhouse Cannabis's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Greenway Greenhouse Cannabis's Receivables Turnover falls into.

Greenway Greenhouse Cannabis Receivables Turnover Calculation

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

Greenway Greenhouse Cannabis's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	3.864	/ (	(0.563	+	0.68)	/	2 )
=	3.864	/	0.6215
=	6.22

Greenway Greenhouse Cannabis'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 )
=	1.334	/ (	(1.032	+	0.462)	/	2 )
=	1.334	/	0.747
=	1.79

Greenway Greenhouse Cannabis (OTCPK:GWAYF) 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.

Greenway Greenhouse Cannabis Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Greenway Greenhouse Cannabis's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Greenway Greenhouse Cannabis Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Greenway Greenhouse Cannabis Corp (OTCPK:GWAYF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

GWAY:Canada

Address

1478 Seacliff Drive, Kingsville, ON, CAN, N9Y 2M2

Website

https://www.greenway.ca

Greenway Greenhouse Cannabis Corp is licensed to cultivate, process and sell to ensures harvests always consist of the highest quality cannabis strains with resinous flowers, trichomes, and rich cannabinoid profiles. The Company's nursery facility is located in Kingsville, Ontario, and its flowering and processing facility is located in Leamington, Ontario. The business model is to supply bulk packaged, high quality cannabis to the Canadian, cannabis industry at prices that ultimately provide a value proposition to the consumers. Greenway has three divisions with various locations; Greenway Nursery, Greenway Cultivation and future plans for Greenway Farmgate Retail Store.