Glass House Brands (Glass House Brands) Receivables Turnover : 8.62 (As of Mar. 2024)

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What is Glass House Brands 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. Glass House Brands's Revenue for the three months ended in Mar. 2024 was $30.1 Mil. Glass House Brands's average Accounts Receivable for the three months ended in Mar. 2024 was $3.5 Mil. Hence, Glass House Brands's Receivables Turnover for the three months ended in Mar. 2024 was 8.62.

Glass House Brands Receivables Turnover Historical Data

The historical data trend for Glass House Brands'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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Glass House Brands Receivables Turnover Chart

Glass House Brands Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

9.39

16.62

23.40

36.69

Glass House Brands Quarterly Data
	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												7.53	14.61	12.37	9.53	8.62

Competitive Comparison of Glass House Brands's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Glass House Brands'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.

Glass House Brands's Receivables Turnover Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Glass House Brands's Receivables Turnover falls into.

Glass House Brands Receivables Turnover Calculation

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

Glass House Brands'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 )
=	160.836	/ (	(4.789	+	3.979)	/	2 )
=	160.836	/	4.384
=	36.69

Glass House Brands'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 )
=	30.101	/ (	(3.979	+	3.008)	/	2 )
=	30.101	/	3.4935
=	8.62

Glass House Brands (OTCPK:GLASF) 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.

Glass House Brands Receivables Turnover Related Terms

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Glass House Brands (Glass House Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Glass House Brands Inc (OTCPK:GLASF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

4KF0:Germany GLAS.A.U:Canada

Address

3645 Long Beach Boulevard, Long Beach, CA, USA, 90807

Website

https://www.glasshousegroup.com

Glass House Brands Inc is a vertically integrated cannabis and hemp company with a focus on the California market. Its portfolio of brands includes Glass House Farms, Forbidden Flowers, and Mama Sue Wellness.