Sugarmade Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the second quarter 2023 to a ratio of 15.91, this is below the company average, and notable indication of worsening business environment. Average receivable collection period, for the Sugarmade Inc in Dec 31 2022 quarter, has decreased to 23 days, compared to 32 days, in the Sep 30 2022 quarter.

If we take a look into Basic Materials sector 42 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 1113, from overall ranking in the first quarter 2023 at 3442.

What is Receivable Turnover Ratio?
What is Sugarmade Inc Selling?

What is Receivable Turnover Ratio?

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SGMD Receivables Turnover Ratio	(Dec 31 2022) II. Quarter	(Sep 30 2022) I. Quarter	(Jun 30 2022) IV. Quarter	(Mar 31 2022) III. Quarter	(Dec 31 2021) II. Quarter
Y / Y Receivable Change	-84.38 %	-85.98 %	-93.15 %	129.79 %	2537.79 %
Y / Y Revenue Change	-59.59 %	-39.27 %	-8.99 %	217.48 %	311.05 %
Receivable Turnover Ratio (TTM)	15.91	11.49	9.22	7.86	7.56
SGMD's Total Ranking	# 1113	# 3442	# 3481	# 1995	# 3491
Accounts Receivable average collection period days	23	32	40	46	48
Seq. Receivable Change	20.02 %	208.82 %	-95.43 %	-7.77 %	7.72 %
Seq. Revenue Change	-29.63 %	-30.81 %	-20.18 %	4 %	5.74 %

Receivable Turnover Company Ranking
Within:	No.
Paper & Paper Products Industry	# 1
Basic Materials Sector	# 43
Overall Market	# 1113

Receivable Turnover Ratio Statistics
High	Average	Low
42.45	17.25	6.47
(Jun 30 2017)		(Mar 31 2019)

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

Financial Statements
Sugarmade Inc 's Accounts Receivable	$ 0 Millions	Visit SGMD's Balance sheet
Sugarmade Inc 's Sales TTM	$ 4 Millions	Visit SGMD's Income Statement
Sources of SGMD's Revenues		Visit SGMD's Sales by Geography

Other Accounts Receivable Turnover Ratios
Paper & Paper Products Industry Accounts Receivable Turnover Trends and Statistics
Basic Materials Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
SGMD's Receivable Turnover Ratio versus Paper & Paper Products Industry, Basic Materials Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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SGMD's Profitability Ratios	SGMD's Roi	SGMD's Asset Turnover Ratio	SGMD's Dividend Growth
SGMD's Valuation Ratios	SGMD's Roe	SGMD's Financial Strength Ratios	SGMD's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2022, within Basic Materials Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Dec 31 2022	Receivable at quarter ending Dec 31 2022
Aemetis Inc	83.21	$ 256.513 Millions	$ 3.083 Millions
Alto Ingredients Inc	77.82	$ 1,335.621 Millions	$ 17.164 Millions
Caesarstone Ltd	70.81	$ 690.806 Millions	$ 9.756 Millions
Energy Fuels Inc	65.87	$ 12.515 Millions	$ 0.190 Millions
Mp Materials Corp	64.22	$ 527.510 Millions	$ 8.214 Millions
Barrick Mining Corp	58.58	$ 11,013.000 Millions	$ 188.000 Millions
Westlake Chemical Partners Lp	56.61	$ 1,593.147 Millions	$ 28.140 Millions
Loma Negra Compa a Industrialargentina Sociedad An nima	48.16	$ 7,737.436 Millions	$ 160.647 Millions
South 8 Energy Llc	43.96	$ 200.806 Millions	$ 4.568 Millions
New Gold Inc	42.87	$ 604.400 Millions	$ 14.100 Millions
Ero Copper Corp	41.44	$ 426.392 Millions	$ 10.289 Millions
Dynaresource Inc	35.68	$ 39.767 Millions	$ 1.115 Millions
Hycroft Mining Holding Corporation	35.45	$ 33.229 Millions	$ 0.937 Millions
Newmont Corporation	33.28	$ 11,915.000 Millions	$ 358.000 Millions
Tantech Holdings Ltd	31.45	$ 52.970 Millions	$ 1.684 Millions
Taseko Mines Limited	30.82	$ 301.189 Millions	$ 9.772 Millions
It Tech Packaging Inc	30.78	$ 100.352 Millions	$ 3.260 Millions
Braskem Sa	30.65	$ 18,739.457 Millions	$ 611.414 Millions
Rex American Resources Corporation	30.58	$ 855.000 Millions	$ 27.959 Millions
Sinopec Shanghai Petrochemical Company Limited	30.07	$ 12,276.870 Millions	$ 408.259 Millions
Crh Public Limited Company	28.65	$ 32,723.000 Millions	$ 1,142.250 Millions
Cardinal Ethanol Llc	28.57	$ 531.383 Millions	$ 18.597 Millions
Century Aluminum Company	28.57	$ 2,777.300 Millions	$ 97.200 Millions
Green Plains Inc	27.78	$ 3,662.849 Millions	$ 131.844 Millions
West Fraser Timber Co Ltd	27.72	$ 9,701.000 Millions	$ 350.000 Millions
Atlas Lithium Corporation	27.64	$ 0.007 Millions	$ 0.000 Millions
Hecla Mining Company	26.44	$ 718.905 Millions	$ 27.194 Millions
Eldorado Gold Corp	25.84	$ 871.984 Millions	$ 33.746 Millions
Coeur Mining Inc	23.64	$ 785.636 Millions	$ 33.239 Millions
Livent Corporation	22.97	$ 813.200 Millions	$ 35.400 Millions

Date modified: 2026-09-26T07:25:08+00:00

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