Little Green Pharma (ASX:LGP) Receivables Turnover : 2.76 (As of Sep. 2023)

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What is Little Green Pharma 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. Little Green Pharma's Revenue for the six months ended in Sep. 2023 was A$12.65 Mil. Little Green Pharma's average Accounts Receivable for the six months ended in Sep. 2023 was A$4.59 Mil. Hence, Little Green Pharma's Receivables Turnover for the six months ended in Sep. 2023 was 2.76.

Little Green Pharma Receivables Turnover Historical Data

The historical data trend for Little Green Pharma'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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Little Green Pharma Receivables Turnover Chart

Little Green Pharma Annual Data

Trend

Jun19

Jun20

Jun21

Mar23

Receivables Turnover

4.33

9.98

16.85

Little Green Pharma Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial			4.26	3.38	3.03	-	2.76

Competitive Comparison of Little Green Pharma's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Little Green Pharma'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.

Little Green Pharma's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Little Green Pharma's Receivables Turnover falls into.

Little Green Pharma Receivables Turnover Calculation

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

Little Green Pharma's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Jun. 2021 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	19.568	/ (	(0.773	+	1.55)	/	2 )
=	19.568	/	1.1615
=	16.85

Little Green Pharma's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	12.651	/ (	(1.55	+	7.631)	/	2 )
=	12.651	/	4.5905
=	2.76

Little Green Pharma (ASX:LGP) 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.

Little Green Pharma Receivables Turnover Related Terms

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Little Green Pharma (ASX:LGP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Little Green Pharma Ltd (ASX:LGP) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

66 Kings Park Road, Level 2, Suite 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.littlegreenpharma.com

Little Green Pharma Ltd is engaged in the vertically integrated medicinal cannabis business. The business activities of the company include cultivation, production, research and development, manufacturing, and distribution of medicinal cannabis products. The company's two key types of products available at Little Green Pharma are oils (which are ingested) and flowers (which are usually inhaled through vaporizing). The company offers LGP-branded medicinal cannabis oil products in the Australian and European markets.

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