Panacea Life Sciences Holdings Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the first quarter 2024 to a ratio of 5.23, above the company average. This is a clear sign of healthy business climate in the Legal Cannabis industry and improving liquidity at their respective customers, during the first quarter 2024. Average receivable collection period, for the Panacea Life Sciences Holdings Inc in Mar 31 2024 quarter, has decreased to 70 days, compared to 100 days, in the Dec 31 2023 quarter.

If we take a look into Consumer Non Cyclical sector 159 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Mar 31 2024 from 2785 to 3166.

What is Receivable Turnover Ratio?
What is Panacea Life Sciences Holdings Inc Selling?

What is Receivable Turnover Ratio?

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EXDI Receivables Turnover Ratio	(Mar 31 2024) I. Quarter	(Dec 31 2023) IV. Quarter	(Sep 30 2023) III. Quarter	(Jun 30 2023) II. Quarter	(Mar 31 2023) I. Quarter
Y / Y Receivable Change	-65.04 %	-62.62 %	12.04 %	7.3 %	16.93 %
Y / Y Revenue Change	55.94 %	195.73 %	-5.02 %	-14.98 %	45.23 %
Receivable Turnover Ratio (TTM)	5.23	3.64	2.29	2.38	2.52
EXDI's Total Ranking	# 3166	# 2785	# 3296	# 3333	# 3333
Accounts Receivable average collection period days	70	100	160	154	145
Seq. Receivable Change	2.61 %	-67.36 %	4.76 %	-0.35 %	9.72 %
Seq. Revenue Change	9.99 %	176.12 %	-12.85 %	-41.09 %	108.59 %

Receivable Turnover Company Ranking
Within:	No.
Legal Cannabis Industry	# 21
Consumer Non Cyclical Sector	# 160
Overall Market	# 3166

Receivable Turnover Ratio Statistics
High	Average	Low
0.47	0.13	-0.1
(Dec 31 2020)		(Sep 30 2019)

EXDI Company Profile • Back to EXDI Efficiency Comparisons • Compare EXDI Receivables Turnover Ratio to its Competitors

Financial Statements
Panacea Life Sciences Holdings Inc 's Accounts Receivable	$ 0 Millions	Visit EXDI's Balance sheet
Panacea Life Sciences Holdings Inc 's Sales TTM	$ 3 Millions	Visit EXDI's Income Statement
Sources of EXDI's Revenues		Visit EXDI's Sales by Geography

Other Accounts Receivable Turnover Ratios
Legal Cannabis Industry Accounts Receivable Turnover Trends and Statistics
Consumer Non Cyclical Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
EXDI's Receivable Turnover Ratio versus Legal Cannabis Industry, Consumer Non Cyclical Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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EXDI's Growth Rates	EXDI's Roa	EXDI's Inventory Turnover Ratio	EXDI's Dividend Comparisons
EXDI's Profitability Ratios	EXDI's Roi	EXDI's Asset Turnover Ratio	EXDI's Dividend Growth
EXDI's Valuation Ratios	EXDI's Roe	EXDI's Financial Strength Ratios	EXDI's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Mar 31 2024, within Consumer Non Cyclical Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Mar 31 2024	Receivable at quarter ending Mar 31 2024
Dswiss Inc	27.96	$ 1.565 Millions	$ 0.056 Millions
Brewbilt Brewing Company	26.95	$ 0.767 Millions	$ 0.028 Millions
The Boston Beer Company Inc	23.23	$ 2,024.677 Millions	$ 87.176 Millions
Bunge Global Sa	23.09	$ 57,629.000 Millions	$ 2,496.250 Millions
Biote Corp	22.47	$ 187.321 Millions	$ 8.336 Millions
Tyson Foods Inc	22.15	$ 52,879.000 Millions	$ 2,387.000 Millions
Archer daniels midland Co	21.63	$ 91,710.000 Millions	$ 4,240.750 Millions
Naturalshrimp Incorporated	21.46	$ 0.446 Millions	$ 0.021 Millions
Educational Development Corporation	21.43	$ 51.030 Millions	$ 2.381 Millions
Cirtran Corporation	20.75	$ 1.832 Millions	$ 0.088 Millions
Cbdmd Inc	20.08	$ 21.582 Millions	$ 1.075 Millions
Treehouse Foods Inc	19.81	$ 3,356.300 Millions	$ 169.450 Millions
Edgewell Personal Care Company	19.31	$ 2,272.400 Millions	$ 117.700 Millions
Laird Superfood Inc	19.28	$ 34.164 Millions	$ 1.772 Millions
Borealis Foods Inc	18.07	$ 29.575 Millions	$ 1.637 Millions
Brc Inc	16.57	$ 410.143 Millions	$ 24.749 Millions
The Marzetti Company	16.53	$ 1,870.386 Millions	$ 113.162 Millions
Andersons Inc	16.41	$ 13,587.091 Millions	$ 827.803 Millions
Cea Industries Inc	16.16	$ 2.445 Millions	$ 0.151 Millions
Pilgrim s Pride Corporation	15.63	$ 17,557.682 Millions	$ 1,123.364 Millions
Cvr Partners Lp	15.62	$ 582.881 Millions	$ 37.319 Millions
Smart For Life Inc	15.45	$ 6.300 Millions	$ 0.408 Millions
Hormel Foods Corporation	15.18	$ 12,045.642 Millions	$ 793.749 Millions
Seneca Foods Corporation	15.15	$ 1,458.603 Millions	$ 96.296 Millions
South Dakota Soybean Processors Llc	15.12	$ 676.950 Millions	$ 44.769 Millions
Bonk Inc	14.84	$ 2.681 Millions	$ 0.181 Millions
The Campbells Company	14.83	$ 9,411.000 Millions	$ 634.500 Millions
Procter and Gamble Co	14.44	$ 84,060.000 Millions	$ 5,820.250 Millions
Senestech Inc	14.36	$ 1.375 Millions	$ 0.096 Millions
Sow Good Inc	14.30	$ 27.278 Millions	$ 1.907 Millions

Date modified: 2026-08-29T17:31:38+00:00

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