Medicine Man Technologies Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the fourth quarter 2023 to a ratio of 34.89, above the company average. This is a clear sign of healthy business climate in the Consulting Services industry and improving liquidity at their respective customers, during the fourth quarter 2023. Average receivable collection period, for the Medicine Man Technologies Inc in Dec 31 2023 quarter, has decreased to 10 days, compared to 11 days, in the Sep 30 2023 quarter.

If we take a look into Services sector 81 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 377, from overall ranking in the third quarter 2023 at 1821.

What is Receivable Turnover Ratio?
What is Medicine Man Technologies Inc Selling?

What is Receivable Turnover Ratio?

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MDCL Receivables Turnover Ratio	(Dec 31 2023) IV. Quarter	(Sep 30 2023) III. Quarter	(Jun 30 2023) II. Quarter	(Mar 31 2023) I. Quarter	(Dec 31 2022) IV. Quarter
Y / Y Receivable Change	-4.71 %	-2.44 %	7.4 %	9.38 %	7.24 %
Y / Y Revenue Change	7.91 %	19.32 %	-5.97 %	26.17 %	-1.14 %
Receivable Turnover Ratio (TTM)	34.89	33.9	32.06	33.27	32.29
MDCL's Total Ranking	# 377	# 1821	# 175	# 1861	#
Accounts Receivable average collection period days	10	11	11	11	11
Seq. Receivable Change	-15.62 %	-18.28 %	34.63 %	2.64 %	-13.6 %
Seq. Revenue Change	-15.49 %	23.47 %	6.37 %	-2.78 %	-6.56 %

Receivable Turnover Company Ranking
Within:	No.
Consulting Services Industry	# 3
Services Sector	# 82
Overall Market	# 377

Receivable Turnover Ratio Statistics
High	Average	Low
42.56	21.71	0.53
(Dec 31 2023)		(Sep 30 2017)

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

Financial Statements
Medicine Man Technologies Inc 's Accounts Receivable	$ 4 Millions	Visit MDCL's Balance sheet
Medicine Man Technologies Inc 's Sales TTM	$ 175 Millions	Visit MDCL's Income Statement
Sources of MDCL's Revenues		Visit MDCL's Sales by Geography

Other Accounts Receivable Turnover Ratios
Consulting Services Industry Accounts Receivable Turnover Trends and Statistics
Services Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
MDCL's Receivable Turnover Ratio versus Consulting Services Industry, Services Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2023, within Services Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Dec 31 2023	Receivable at quarter ending Dec 31 2023
Burgerfi International Inc	112.93	$ 170.100 Millions	$ 1.506 Millions
Chipotle Mexican Grill Inc	107.75	$ 9,871.649 Millions	$ 91.618 Millions
Carrols Restaurant Group Inc	106.51	$ 1,876.504 Millions	$ 17.619 Millions
Dutch Bros Inc	106.08	$ 965.776 Millions	$ 9.104 Millions
Saga Communications inc	105.44	$ 112.773 Millions	$ 1.070 Millions
Accel Entertainment Inc	103.60	$ 1,170.420 Millions	$ 11.298 Millions
Aircastle Limited	102.91	$ 1,262.494 Millions	$ 12.269 Millions
Aercap Holdings n v	102.90	$ 7,580.418 Millions	$ 73.667 Millions
Perdoceo Education Corp	102.40	$ 710.004 Millions	$ 6.934 Millions
Cracker Barrel Old Country Store inc	99.14	$ 3,428.661 Millions	$ 34.584 Millions
Ata Creativity Global	98.93	$ 31.149 Millions	$ 0.315 Millions
Draftkings Inc	98.31	$ 3,665.393 Millions	$ 37.285 Millions
Noodles and Company	96.80	$ 503.405 Millions	$ 5.200 Millions
Fathom Holdings Inc	90.78	$ 345.226 Millions	$ 3.803 Millions
Gfl Environmental Inc	89.91	$ 5,709.687 Millions	$ 63.501 Millions
Jianzhi Education Technology Group Company Limited	89.69	$ 62.048 Millions	$ 0.692 Millions
Sweetgreen Inc	88.92	$ 584.041 Millions	$ 6.568 Millions
Red Robin Gourmet Burgers inc	88.86	$ 1,303.046 Millions	$ 14.663 Millions
New England Realty Associates Limited Partnership	86.24	$ 74.481 Millions	$ 0.864 Millions
Ryvyl Inc	85.96	$ 65.869 Millions	$ 0.766 Millions
Life Time Group Holdings Inc	83.25	$ 2,216.593 Millions	$ 26.625 Millions
Vacasa Inc	79.64	$ 1,117.950 Millions	$ 14.038 Millions
Royal Caribbean Cruises Ltd	79.50	$ 13,900.000 Millions	$ 174.852 Millions
Ambipar Emergency Response	75.82	$ 492.092 Millions	$ 6.490 Millions
El Pollo Loco Holdings Inc	73.76	$ 805.229 Millions	$ 10.916 Millions
Ezagoo Limited	72.96	$ 0.166 Millions	$ 0.002 Millions
Guardforce Ai Co Limited	71.64	$ 36.281 Millions	$ 0.506 Millions
Brinker International Inc	69.23	$ 4,245.300 Millions	$ 61.325 Millions
Golden Entertainment Inc	68.63	$ 1,053.149 Millions	$ 15.346 Millions
Pldt Inc	63.16	$ 4,033.518 Millions	$ 63.862 Millions

Date modified: 2026-08-31T04:25:24+00:00

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