Leafly Holdings (Leafly Holdings) Receivables Turnover : 3.78 (As of Mar. 2024)

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What is Leafly Holdings 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. Leafly Holdings's Revenue for the three months ended in Mar. 2024 was $9.05 Mil. Leafly Holdings's average Accounts Receivable for the three months ended in Mar. 2024 was $2.39 Mil. Hence, Leafly Holdings's Receivables Turnover for the three months ended in Mar. 2024 was 3.78.

Leafly Holdings Receivables Turnover Historical Data

The historical data trend for Leafly Holdings'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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Leafly Holdings Receivables Turnover Chart

Leafly Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

16.26

14.55

15.14

14.24

Leafly Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											3.24	2.95	3.02	3.22	3.78

Competitive Comparison of Leafly Holdings's Receivables Turnover

For the Pharmaceutical Retailers subindustry, Leafly Holdings'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.

Leafly Holdings's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Leafly Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Leafly Holdings's Receivables Turnover falls into.

Leafly Holdings Receivables Turnover Calculation

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

Leafly Holdings'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 )
=	42.252	/ (	(3.298	+	2.635)	/	2 )
=	42.252	/	2.9665
=	14.24

Leafly Holdings'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 )
=	9.048	/ (	(2.635	+	2.152)	/	2 )
=	9.048	/	2.3935
=	3.78

Leafly Holdings (NAS:LFLYW) 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.

Leafly Holdings Receivables Turnover Related Terms

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Leafly Holdings (Leafly Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Leafly Holdings Inc (NAS:LFLYW) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

LFLY:USA

Address

113 Cherry Street, PMB 88154, Seattle, WA, USA, 98104-2205

Website

https://www.leafly.com

Leafly Holdings Inc operates an online cannabis information resource platform. It offers cannabis retailers and brands subscription-based marketplace listings that provide its cannabis audience with information, reviews, menus, and ordering and delivery options through legal retailers.