Gold Flora (NEOE:GRAM) Accounts Receivable : C$3.9 Mil (As of Mar. 2024)

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What is Gold Flora Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Gold Flora's accounts receivables for the quarter that ended in Mar. 2024 was C$3.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Gold Flora's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 8.07.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Gold Flora's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was C$-1.01.

Gold Flora Accounts Receivable Historical Data

The historical data trend for Gold Flora'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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Gold Flora Accounts Receivable Chart

Gold Flora Annual Data

Trend

Dec22

Dec23

Accounts Receivable

2.97

2.38

Gold Flora Quarterly Data
	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial			2.97	-	3.81	2.38	3.85

Gold Flora Accounts Receivable Calculation

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

Gold Flora 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.

Gold Flora's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.851	/	43.522	*	91
=	8.07

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

Gold Flora's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(19.25	+	0.75 * 3.851	+	0.5 * 27.14	-	326.725
-	0	-	0.088)	/	287.528
=	-1.01

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.

Gold Flora Accounts Receivable Related Terms

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Gold Flora (NEOE:GRAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Gold Flora Corp (NEOE:GRAM) » Definitions » Accounts Receivable

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Traded in Other Exchanges

GRAM:USA

Address

3165 Red Hill Avenue, Costa Mesa, CA, USA, 92626

Website

https://www.goldflora.com

Gold Flora Corp is one of the few cannabis brands that is vertically integrated and woman-owned and operated. Gold Flora started with a mission to provide an easy and consistent way for consumers to enjoy cannabis. After years of hard work and a shared passion for the plant, Gold Flora has become a California powerhouse - with cultivation, manufacturing, extraction, distribution, retail and a portfolio of brands that create an array of superior products that make a difference in people's lives. Its products include disposable vape pens and gold flora flowers.

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