Lowell Farms (Lowell Farms) Receivables Turnover : 2.08 (As of Mar. 2024)

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What is Lowell Farms 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. Lowell Farms's Revenue for the three months ended in Mar. 2024 was $4.87 Mil. Lowell Farms's average Accounts Receivable for the three months ended in Mar. 2024 was $2.34 Mil. Hence, Lowell Farms's Receivables Turnover for the three months ended in Mar. 2024 was 2.08.

Lowell Farms Receivables Turnover Historical Data

The historical data trend for Lowell Farms'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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Lowell Farms Receivables Turnover Chart

Lowell Farms Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.74

7.46

8.43

7.03

8.33

Lowell Farms 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															2.15	2.55	2.34	2.85	2.08

Competitive Comparison of Lowell Farms's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Lowell Farms'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.

Lowell Farms's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Lowell Farms's Receivables Turnover falls into.

Lowell Farms Receivables Turnover Calculation

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

Lowell Farms'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 )
=	28.265	/ (	(4.163	+	2.62)	/	2 )
=	28.265	/	3.3915
=	8.33

Lowell Farms'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 )
=	4.874	/ (	(2.62	+	2.067)	/	2 )
=	4.874	/	2.3435
=	2.08

Lowell Farms (OTCPK:LOWLF) 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.

Lowell Farms Receivables Turnover Related Terms

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Lowell Farms (Lowell Farms) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Lowell Farms Inc (OTCPK:LOWLF) » Definitions » Receivables Turnover

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LOWL:Canada

Address

19 Quail Run Circle, Suite B, Salinas, CA, USA, 93907

Website

https://www.lowellfarms.com

Lowell Farms Inc is a California-based vertically-integrated cannabis company with advanced production capabilities supporting every step of the supply chain, including cultivation, extraction, manufacturing, brand sales, marketing, and distribution. The Company's operations are comprised of a single reporting operating segment. Its Brands include Lowell Herb Co. and Lowell Smokes, House Weed, Kaizen, Moon, and Original Pot Company. The company generates revenues from sales of extracts, distillates, branded and packaged cannabis flower, prerolls, concentrates, and edible products to retail licensed dispensaries and bulk flower, biomass and concentrates to licensed manufacturers and distributors in the state of California.