Limoneira Co (Limoneira Co) Accounts Receivable : $16.7 Mil (As of Jan. 2024)

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What is Limoneira Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Limoneira Co's accounts receivables for the quarter that ended in Jan. 2024 was $16.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Limoneira Co's Days Sales Outstanding for the quarter that ended in Jan. 2024 was 38.27.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Limoneira Co's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $-6.30.

Limoneira Co Accounts Receivable Historical Data

The historical data trend for Limoneira Co's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Limoneira Co Accounts Receivable Chart

Limoneira Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Accounts Receivable

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15.11

16.26

17.48

15.65

14.46

Limoneira Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Accounts Receivable	Get a 7-Day Free Trial															17.70	17.77	18.07	14.46	16.66

Limoneira Co Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Limoneira Co Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Limoneira Co's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	16.663	/	39.731	*	91
=	38.27

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Limoneira Co's accounts receivable are only considered to be worth 75% of book value:

Limoneira Co's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.527	+	0.75 * 16.663	+	0.5 * 0	-	104.578
-	10.81	-	11.057)	/	18.0049
=	-6.30

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Limoneira Co Accounts Receivable Related Terms

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Limoneira Co (Limoneira Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Limoneira Co (NAS:LMNR) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

2L2:Germany

Address

1141 Cummings Road, Santa Paula, CA, USA, 93060

Website

https://www.limoneira.com

Limoneira Co is an agribusiness company. The company's operating segments include Fresh Lemons; Lemon Packing; Avocados and Other Agribusiness. It generates maximum revenue from the Fresh Lemons segment.

Executives

Harold S Edwards	director, officer: President and CEO	SIXTY ONE WILTON ROAD, SECOND FLOOR, WESTPORT CT 06880
Mark Palamountain	officer: CFO, Treasurer & Secretary	C/O LIMONEIRA COMPANY, 1141 CUMMINGS ROAD, SANTA PAULA CA 93060
Scott S Slater	director	550 SOUTH HOPE STREET, SUITE 2850, LOS ANGELES CA 90071
Barbara Carbone	director	120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Loza Jose De Jesus	director	C/O LIMONEIRA COMPANY, 1141 CUMMINGS ROAD, SANTA PAULA CA 93060
Alex M Teague	officer: Senior Vice President	1141 CUMMINGS ROAD, SANTA PAULA CA 93060
Donald R Rudkin	director	C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501
Elizabeth Mora	director	C/O MKS INSTRUMENTS, INC., 2 TECH DRIVE, SUITE 201, ANDOVER MA 01810
Merriman John W.h.	director	1141 CUMMINGS ROAD, SANTA PAULA CA 93060
Elizabeth Blanchard Chess	director	C/O LIMONEIRA COMPANY, 1141 CUMMINGS ROAD, SANTA PAULA CA 93060
Robert M Sawyer	director	1141 CUMMINGS ROAD, SANTA PAULA CA 93060
Amy Fukutomi	director, officer: See Remarks	C/O LIMONEIRA COMPANY, 1141 CUMMINGS ROAD, SANTA PAULA CA 93060
Edgar A. Terry	director	C/O LIMONEIRA COMPANY, 1141 CUMMINGS ROAD, SANTA PAULA CA 93060
Gordon E Kimball	director, officer: Chairman	1141 CUMMINGS ROAD, SANTA PAULA CA 93060
Ronald L Michaelis	director	1141 CUMMINGS ROAD, SANTA PAULA CA 93060