Jushi Holdings (Jushi Holdings) Receivables Turnover : 19.94 (As of Mar. 2024)

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What is Jushi 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. Jushi Holdings's Revenue for the three months ended in Mar. 2024 was $65.5 Mil. Jushi Holdings's average Accounts Receivable for the three months ended in Mar. 2024 was $3.3 Mil. Hence, Jushi Holdings's Receivables Turnover for the three months ended in Mar. 2024 was 19.94.

Jushi Holdings Receivables Turnover Historical Data

The historical data trend for Jushi 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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Jushi Holdings Receivables Turnover Chart

Jushi Holdings Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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187.84

103.12

70.99

65.81

Jushi 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															12.59	11.44	11.48	14.35	19.94

Competitive Comparison of Jushi Holdings's Receivables Turnover

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

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

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

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

Jushi Holdings Receivables Turnover Calculation

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

Jushi 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 )
=	269.445	/ (	(4.809	+	3.38)	/	2 )
=	269.445	/	4.0945
=	65.81

Jushi 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 )
=	65.459	/ (	(3.38	+	3.186)	/	2 )
=	65.459	/	3.283
=	19.94

Jushi Holdings (OTCPK:JUSHF) 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.

Jushi Holdings Receivables Turnover Related Terms

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Jushi Holdings (Jushi Holdings) Business Description

Industry

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

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JUSH:Canada

Address

301 Yamato Road, Suite 3250, Boca Raton, FL, USA, 33431

Website

https://www.jushico.com

Jushi Holdings Inc is a vertically integrated multi-state cannabis and hemp operator across the United States. The company operates a diverse portfolio of branded cannabis and hemp-derived assets, built upon opportunistic acquisitions, distressed deals and competitive applications. Operating under the Jushi umbrella is the BEYOND / HELLO retail brand of cannabis dispensaries, hemp-based CBD brand, Nira, including its brands, The Lab: Concentrates and The Bank: Flower + Genetics, as well as its precision formulated line of medical cannabis products Nira Plus. Jushi strives to maximize shareholder value while delivering high premium products across all levels of the cannabis and hemp ecosystem.