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. Urban-gro's Revenue for the
three
months ended in Mar. 2024 was $15.54 Mil. Urban-gro's average Accounts Receivable for the
three
months ended in Mar. 2024 was $22.87 Mil.
Hence, Urban-gro's Receivables Turnover for the
three
months ended in Mar. 2024 was 0.68.
Urban-gro Receivables Turnover Historical Data
The historical data trend for Urban-gro'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.
Competitive Comparison of Urban-gro's Receivables Turnover
For the Farm & Heavy Construction Machinery subindustry, Urban-gro'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.
Urban-gro's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Urban-gro's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Urban-gro's Receivables Turnover falls into.
Urban-gro Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Urban-gro's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
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.
Urban-gro Receivables Turnover Related Terms
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Urban-gro Inc is a integrated professional services and construction design-build firm . we offer fully integrated architectural, engineering and cultivation systems integration company for commercial cannabis and food-focused Controlled Environment Agriculture (CEA) facilities. With experience in hundreds of CEA facilities spanning millions of square feet across the globe, the firm engineer, design, and integrate complex environmental equipment systems into high-performance facilities. Once operational, urban-gro's gro-care Managed Services Platform leverages the company's expertise to reduce downtime, provide continuity, and drive facility optimization.
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