Trulieve Cannabis (TCNNF) Work In Process (2020 - 2023)
Trulieve Cannabis (TCNNF) recorded quarterly Work In Process of $134.2 million in Q2 2023, down 19.11% quarter-over-quarter from $165.9 million in Q1 2023, and up 9.37% on a YoY basis from $122.7 million in Q2 2022.
Trulieve Cannabis (TCNNF) Work In Process (2020 - 2023) Analysis & Trends
Trulieve Cannabis' Work In Process history runs 4 years deep, the most recent figure standing at $134.2 million for Q2 2023.
- In Q2 2023, Work In Process rose 9.37% year-over-year to $134.2 million; the TTM figure through Jun 2023 stood at $134.2 million (up 9.37% YoY), while the FY2022 annual figure was $158.4 million, up 68.12% from the prior year.
- Work In Process was $134.2 million for Q2 2023 at Trulieve Cannabis, down from $165.9 million in the prior quarter.
- In the past five years, Work In Process ranged from a high of $165.9 million in Q1 2023 to a low of $51.5 million in Q1 2021.
- Historically, Work In Process has averaged $106.1 million across 4 years, with a median of $99.7 million in 2022.
- The sharpest annual moves came in 2022 and 2023: Work In Process soared 158.24% in 2022, then climbed 9.37% in 2023.
- A 4-year view of Work In Process shows it stood at $54.8 million in 2020, then soared by 72.05% to $94.2 million in 2021, then jumped by 68.12% to $158.4 million in 2022, then retreated by 15.32% to $134.2 million in 2023.
- The last three Work In Process figures came in at $134.2 million (Q2 2023), $165.9 million (Q1 2023), and $158.4 million (Q4 2022), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Teva Pharmaceutical Industries | 39.72 Bn | 35.98 Bn | 1.97 Bn |
| 2 | Zoetis | 34.61 Bn | 32.67 Bn | 1.62 Bn |
| 3 | United Therapeutics | 24.07 Bn | 21.91 Bn | 648.10 Mn |
| 4 | Aurora Cannabis | 16.98 Bn | 16.91 Bn | 33.43 Mn |
| 5 | Neurocrine Biosciences | 16.64 Bn | 15.32 Bn | 800.70 Mn |
| 6 | Elanco Animal Health | 12.19 Bn | 11.76 Bn | 785.00 Mn |
| 7 | Alkermes | 7.37 Bn | 6.86 Bn | -116.06 Mn |
| 8 | Hims & Hers Health | 6.62 Bn | 5.87 Bn | 396.79 Mn |
| 9 | Lantheus Holdings | 6.47 Bn | 5.97 Bn | 230.92 Mn |
| 10 | Trulieve Cannabis | - | - | 170.08 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2023 | 134.17 Mn |
| Mar 31, 2023 | 165.87 Mn |
| Dec 31, 2022 | 158.45 Mn |
| Sep 30, 2022 | 165.15 Mn |
| Jun 30, 2022 | 122.68 Mn |
| Mar 31, 2022 | 99.67 Mn |
| Dec 31, 2021 | 94.25 Mn |
| Sep 30, 2021 | 63.95 Mn |
| Jun 30, 2021 | 56.82 Mn |
| Mar 31, 2021 | 51.51 Mn |
| Dec 31, 2020 | 54.78 Mn |