TCNNF (Trulieve Cannabis) Receivables Turnover : 34.32 (As of Sep. 2024)

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What is Trulieve 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. Trulieve Cannabis's Revenue for the three months ended in Sep. 2024 was $284 Mil. Trulieve Cannabis's average Accounts Receivable for the three months ended in Sep. 2024 was $8 Mil. Hence, Trulieve Cannabis's Receivables Turnover for the three months ended in Sep. 2024 was 34.32.

Trulieve Cannabis Receivables Turnover Historical Data

The historical data trend for Trulieve 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.

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Trulieve Cannabis Receivables Turnover Chart

Trulieve Cannabis Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1,693.29

203.43

158.61

170.96

Trulieve 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															39.60	42.24	47.10	45.06	34.32

Competitive Comparison of Trulieve Cannabis's Receivables Turnover

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

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

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

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

Trulieve Cannabis Receivables Turnover Calculation

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

Trulieve 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 )
=	1129.193	/ (	(6.507	+	6.703)	/	2 )
=	1129.193	/	6.605
=	170.96

Trulieve 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 )
=	284.284	/ (	(7.534	+	9.031)	/	2 )
=	284.284	/	8.2825
=	34.32

Trulieve Cannabis (OTCPK:TCNNF) 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.

Trulieve Cannabis Receivables Turnover Related Terms

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Trulieve Cannabis Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Trulieve Cannabis Corp (OTCPK:TCNNF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

T0A:Germany TRUL:Canada

Address

6749 Ben Bostic Road, Quincy, FL, USA, 32351

Website

https://www.trulieve.com

Trulieve Cannabis Corp is a vertically integrated seed to sale and fully licensed medical marijuana company. It is mainly engaged in the cultivation, possession, use, sale, and distribution of medical cannabis.

Executives

Timothy E Mullany	officer: Chief Financial Officer	3551 PLANO PARKWAY, THE COLONY TX 75056
Ryan Blust	officer: Chief Financial Officer	6749 BEN BOSTIC ROAD, QUINCY FL 32351
Joy Malivuk	officer: Chief Accounting Officer	6749 BEN BOSTIC ROAD, QUINCY FL 32351
Peter Healy	director	C/O TRULIEVE CANNABIS CORP., 6749 BEN BOSTIC ROAD, QUINCY FL 32351
Rebecca L. Young	officer: Chief Accounting Officer	C/O TRULIEVE CANNABIS CORP., 6749 BEN BOSTIC ROAD, QUINCY FL 32351
Kim A. Rivers	director, 10 percent owner, officer: Chief Executive Officer	C/O TRULIEVE CANNABIS CORP., 6749 BEN BOSTIC ROAD, QUINCY FL 32351
Thomas L Millner	director, 10 percent owner
Thad Beshears	director, 10 percent owner	C/O TRULIEVE CANNABIS CORP., 6749 BEN BOSTIC ROAD, QUINCY FL 32351
Kyle Landrum	officer: Chief Production Officer	C/O TRULIEVE CANNABIS CORP., 6749 BEN BOSTIC ROAD, QUINCY FL 32351
Timothy Morey	officer: Chief Sales Officer	C/O TRULIEVE CANNABIS CORP., 6749 BEN BOSTIC ROAD, QUINCY FL 32351
Eric Powers	officer: GC and Corporate Secretary	C/O TRULIEVE CANNABIS CORP., 6749 BEN BOSTIC ROAD, QUINCY FL 32351
Susan Thronson	director	C/O ANGIE'S LIST, INC., 1030 E. WASHINGTON STREET, INDIANPOLIS IN 46202
Alex D'amico	officer: Chief Financial Officer	10 EAST PASSAIC AVENUE, UNIT C-2, NUTLEY NJ 07110
Giannella Alvarez	director	C/O DOMTAR CORPORATION, 234 KINGSLEY PARK DRIVE, FORT MILL SC 29715
Jane C Morreau	director