IMCC (IM Cannabis) Receivables Turnover : 1.05 (As of Sep. 2024)

View and export this data going back to 2021. Start your Free Trial

What is IM 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. IM Cannabis's Revenue for the three months ended in Sep. 2024 was $10.25 Mil. IM Cannabis's average Accounts Receivable for the three months ended in Sep. 2024 was $9.73 Mil. Hence, IM Cannabis's Receivables Turnover for the three months ended in Sep. 2024 was 1.05.

IM Cannabis Receivables Turnover Historical Data

The historical data trend for IM 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.

IM Cannabis Receivables Turnover Chart

IM Cannabis Annual Data

Trend

Apr13

Apr14

Apr16

Apr17

Apr18

Apr19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

2.89

3.07

4.11

6.02

IM Cannabis 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															1.27	1.24	1.70	1.58	1.05

Competitive Comparison of IM Cannabis's Receivables Turnover

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

IM Cannabis's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

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

IM Cannabis Receivables Turnover Calculation

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

IM Cannabis'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 )
=	36.377	/ (	(6.392	+	5.703)	/	2 )
=	36.377	/	6.0475
=	6.02

IM 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 )
=	10.249	/ (	(8.819	+	10.639)	/	2 )
=	10.249	/	9.729
=	1.05

IM Cannabis (NAS:IMCC) 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.

IM Cannabis Receivables Turnover Related Terms

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

IM Cannabis Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » IM Cannabis Corp (NAS:IMCC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

IMCC:Canada

Address

Central District, Kibbutz Glil Yam, ISR, 4690500

Website

https://www.imcannabis.com

IM Cannabis Corp is a Canada-based international medical cannabis company. It operates in the field of medical cannabis, through Focus Medical Herbs Ltd. (Focus), which holds a cultivation license to breed, grow, and supply medical cannabis products The majority of its revenues are generated from sales of medical cannabis products to customers in Israel. The remaining revenues are generated from sales of medical cannabis, as well as other products, to customers in Germany. Geographically, the majority is from Israel.