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
Royal Gold Inc	79.81	$ 603.206 Millions	$ 7.558 Millions
Caesarstone Ltd	70.81	$ 690.806 Millions	$ 9.756 Millions
Alto Ingredients Inc	65.92	$ 1,335.621 Millions	$ 20.260 Millions
Lake Area Corn Processors Llc	64.35	$ 282.565 Millions	$ 4.391 Millions
Uranium Energy Corp	50.24	$ 115.193 Millions	$ 2.293 Millions
South 8 Energy Llc	42.72	$ 200.806 Millions	$ 4.700 Millions
Amyris Inc	41.02	$ 269.847 Millions	$ 6.579 Millions
Newmont Corporation	33.28	$ 11,915.000 Millions	$ 358.000 Millions
Green Plains Inc	27.57	$ 3,662.849 Millions	$ 132.862 Millions
Cardinal Ethanol Llc	27.45	$ 531.383 Millions	$ 19.356 Millions
Or Royalties Inc	25.84	$ 167.518 Millions	$ 6.484 Millions
Rex American Resources Corporation	25.64	$ 855.000 Millions	$ 33.351 Millions
Century Aluminum Company	25.02	$ 2,777.300 Millions	$ 111.000 Millions
Coeur Mining Inc	23.64	$ 785.636 Millions	$ 33.239 Millions
Livent Corporation	22.97	$ 813.200 Millions	$ 35.400 Millions
Southwest Iowa Renewable Energy Llc	22.30	$ 380.693 Millions	$ 17.069 Millions
View Inc	21.48	$ 101.328 Millions	$ 4.716 Millions
Gold Resource Corp	20.74	$ 138.724 Millions	$ 6.688 Millions
Hecla Mining Company	19.35	$ 718.905 Millions	$ 37.150 Millions
Xpel Inc	19.19	$ 323.993 Millions	$ 16.879 Millions
Louisiana pacific Corporation	18.42	$ 3,854.000 Millions	$ 209.250 Millions
Suncoke Energy Inc	18.30	$ 1,972.500 Millions	$ 107.775 Millions
Energy Fuels Inc	18.14	$ 12.515 Millions	$ 0.690 Millions
Liquidmetal Technologies Inc	17.81	$ 0.383 Millions	$ 0.022 Millions
Hycroft Mining Holding Corporation	17.58	$ 33.229 Millions	$ 1.890 Millions
It Tech Packaging Inc	17.24	$ 100.352 Millions	$ 5.820 Millions
Mp Materials Corp	16.35	$ 527.510 Millions	$ 32.265 Millions
Boise Cascade Company	15.82	$ 8,390.866 Millions	$ 530.497 Millions
Golden Minerals Co	14.60	$ 23.285 Millions	$ 1.595 Millions

Date modified: 2026-09-08T15:10:51+00:00

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