Marijuana Company of America (Marijuana Company of America) Receivables Turnover : 0.54 (As of Sep. 2022)

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What is Marijuana Company of America 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. Marijuana Company of America's Revenue for the three months ended in Sep. 2022 was $0.14 Mil. Marijuana Company of America's average Accounts Receivable for the three months ended in Sep. 2022 was $0.26 Mil. Hence, Marijuana Company of America's Receivables Turnover for the three months ended in Sep. 2022 was 0.54.

Marijuana Company of America Receivables Turnover Historical Data

The historical data trend for Marijuana Company of America'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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Marijuana Company of America Receivables Turnover Chart

Marijuana Company of America Annual Data

Trend

Dec00

Dec01

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Receivables Turnover

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3.86

9.88

21.72

20.81

9.36

Marijuana Company of America Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Receivables Turnover	Get a 7-Day Free Trial															4.42	2.95	1.81	0.74	0.54

Competitive Comparison of Marijuana Company of America's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Marijuana Company of America'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.

Marijuana Company of America's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Marijuana Company of America's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Marijuana Company of America's Receivables Turnover falls into.

Marijuana Company of America Receivables Turnover Calculation

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

Marijuana Company of America's Receivables Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Receivables Turnover (A: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2021 )	/ (	(Accounts Receivable (A: Dec. 2020 )	+	Accounts Receivable (A: Dec. 2021 ))	/	count )
=	1.03	/ (	(0.009	+	0.211)	/	2 )
=	1.03	/	0.11
=	9.36

Marijuana Company of America's Receivables Turnover for the quarter that ended in Sep. 2022 is calculated as

	Receivables Turnover (Q: Sep. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2022 )	/ (	(Accounts Receivable (Q: Jun. 2022 )	+	Accounts Receivable (Q: Sep. 2022 ))	/	count )
=	0.142	/ (	(0.287	+	0.24)	/	2 )
=	0.142	/	0.2635
=	0.54

Marijuana Company of America (OTCPK:MCOA) 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.

Marijuana Company of America Receivables Turnover Related Terms

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Marijuana Company of America (Marijuana Company of America) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Marijuana Company of America Inc (OTCPK:MCOA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

633 West 5th Street, Suite 2826, Los Angeles, CA, USA, 90071

Website

http://www.marijuanacompanyofamerica.com

Marijuana Company of America Inc is a marijuana marketing and distribution company. Through its subsidiary, the company delivers all the benefits of industrial hemp-derived cannabinoid products to the world through its unique marketing and distribution platform through cDistro. It also provides turn-key services to the legal cannabis and hemp industry, as well as, strategically investing in synergistic companies to develop a diverse portfolio of subsidiaries and joint ventures that create value for our shareholders.

Executives

Jesus Quintero	director, 10 percent owner	16860 SOUTHWEST 1ST STREET, PEMBROKE PINES FL 33027
Themistocles Psomiadis	director	1420 MIDTOWN AVE, APT 407, MOUNT PLEASANT SC 29464
Donald J Steinberg	director, 10 percent owner, officer: President	3223 SUMAC ROAD, FALLBROOK CA 92028
Charles John Larsen	director, 10 percent owner	333 WASHINGTON BLVD., #386, MARINA DEL REY CA 90292
Hymers Iii R. Leslie	director, 10 percent owner, officer: Chief Financial Officer	520 S GRAND AVENUE, STE 320, LOS ANGELES CA 90071