Smart For Life Inc's ability to collect accounts receivable sequentially worsen to 5.85, pointing to a challenging and on top of that deteriorating business climate for the Legal Cannabis industry. Smart For Life Inc's Accounts Receivable average collection period in the Sep 30 2024 quarter, has increased to 62 days, from 40 days, in the Jun 30 2024 quarter.

If we take a look into Consumer Non Cyclical sector 112 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Sep 30 2024 from 1054 to 1087.

What is Receivable Turnover Ratio?
What is Smart For Life Inc Selling?

What is Receivable Turnover Ratio?

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SMFL Receivables Turnover Ratio	(Sep 30 2024) III. Quarter	(Jun 30 2024) II. Quarter	(Mar 31 2024) I. Quarter	(Dec 31 2023) IV. Quarter	(Sep 30 2023) III. Quarter
Y / Y Receivable Change	96.26 %	58.6 %	103.84 %	-77.17 %	-80.54 %
Y / Y Revenue Change	-43.47 %	-34.25 %	-70.18 %	-78.54 %	-58.08 %
Receivable Turnover Ratio (TTM)	5.85	9.07	11.89	17.81	19.96
SMFL's Total Ranking	# 1087	# 1054	# 670	# 2362	#
Accounts Receivable average collection period days	62	40	31	20	18
Seq. Receivable Change	-2.16 %	45.64 %	342.87 %	-68.9 %	-20.94 %
Seq. Revenue Change	44.61 %	83.29 %	-39.16 %	-64.94 %	68.21 %

Receivable Turnover Company Ranking
Within:	No.
Legal Cannabis Industry	# 16
Consumer Non Cyclical Sector	# 113
Overall Market	# 1087

Receivable Turnover Ratio Statistics
High	Average	Low
25.03	14.61	8.21
(Sep 30 2023)		(Sep 30 2024)

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

Financial Statements
Smart For Life Inc's Accounts Receivable	$ 1 Millions	Visit SMFL's Balance sheet
Smart For Life Inc's Sales TTM	$ 3 Millions	Visit SMFL's Income Statement
Sources of SMFL's Revenues		Visit SMFL'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
SMFL'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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SMFL's Profitability Ratios	SMFL's Roi	SMFL's Asset Turnover Ratio	SMFL's Dividend Growth
SMFL's Valuation Ratios	SMFL's Roe	SMFL's Financial Strength Ratios	SMFL's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2024, within Consumer Non Cyclical Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Sep 30 2024	Receivable at quarter ending Sep 30 2024
Naturalshrimp Incorporated	11.42	$ 0.289 Millions	$ 0.025 Millions
Chs Inc	11.34	$ 39,261.229 Millions	$ 3,460.686 Millions
General Mills Inc	11.32	$ 19,800.600 Millions	$ 1,748.575 Millions
Coca Cola Co	11.29	$ 46,366.000 Millions	$ 4,108.000 Millions
The Clorox Company	11.27	$ 7,469.000 Millions	$ 662.750 Millions
National Beverage Corp	11.22	$ 1,188.055 Millions	$ 105.847 Millions
Srx Health Solutions Inc	11.08	$ 61.778 Millions	$ 5.574 Millions
Mccormick and Company Incorporated	11.06	$ 6,678.500 Millions	$ 603.600 Millions
Ennis Inc	11.04	$ 404.144 Millions	$ 36.600 Millions
Keurig Dr Pepper Inc	10.98	$ 15,148.000 Millions	$ 1,379.250 Millions
Church and Dwight Co Inc	10.93	$ 6,052.400 Millions	$ 553.875 Millions
Sunopta Inc	10.92	$ 708.116 Millions	$ 64.834 Millions
Hershey Co	10.92	$ 10,970.391 Millions	$ 1,004.574 Millions
Pyxus International Inc	10.81	$ 2,132.845 Millions	$ 197.386 Millions
Hydrofarm Holdings Group Inc	10.80	$ 198.947 Millions	$ 18.420 Millions
Utz Brands Inc	10.49	$ 1,419.678 Millions	$ 135.308 Millions
Limoneira Company	10.48	$ 191.503 Millions	$ 18.277 Millions
Pepsico Inc	10.46	$ 91,920.000 Millions	$ 8,785.750 Millions
E l f Beauty Inc	10.42	$ 1,286.536 Millions	$ 123.496 Millions
Crimson Wine Group Ltd	10.18	$ 70.028 Millions	$ 6.876 Millions
Farmer Brothers Co	10.14	$ 343.423 Millions	$ 33.864 Millions
Tofutti Brands Inc	9.97	$ 8.360 Millions	$ 0.839 Millions
Darling Ingredients Inc	9.95	$ 5,911.565 Millions	$ 594.059 Millions
Reed s Inc	9.92	$ 36.931 Millions	$ 3.722 Millions
Mondel z International Inc	9.91	$ 36,151.000 Millions	$ 3,649.250 Millions
Coffee Holding Co Inc	9.70	$ 78.042 Millions	$ 8.048 Millions
Borealis Foods Inc	9.47	$ 28.416 Millions	$ 3.000 Millions
The Hain Celestial Group Inc	9.47	$ 1,703.295 Millions	$ 179.880 Millions
Beyond Meat Inc	9.46	$ 322.834 Millions	$ 34.129 Millions
Bellring Brands Inc	9.41	$ 1,996.200 Millions	$ 212.175 Millions

Date modified: 2026-10-07T00:41:54+00:00

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