Tofutti Brands (Tofutti Brands) Accounts Receivable : $0.89 Mil (As of Mar. 2024)

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What is Tofutti Brands Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tofutti Brands's accounts receivables for the quarter that ended in Mar. 2024 was $0.89 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tofutti Brands's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 36.67.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tofutti Brands's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $0.31.

Tofutti Brands Accounts Receivable Historical Data

The historical data trend for Tofutti Brands'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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Tofutti Brands Accounts Receivable Chart

Tofutti Brands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1.82

2.08

1.34

1.31

0.83

Tofutti Brands Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															0.94	0.85	0.99	0.83	0.89

Tofutti Brands Accounts Receivable Calculation

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

Tofutti Brands 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.889	/	2.212	*	91
=	36.67

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

Tofutti Brands'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)
=	(0.351	+	0.75 * 0.889	+	0.5 * 2.453	-	0.65
-	0	-	0)	/	5.15371
=	0.31

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.

Tofutti Brands Accounts Receivable Related Terms

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Tofutti Brands (Tofutti Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tofutti Brands Inc (OTCPK:TOFB) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Jackson Drive, Cranford, NJ, USA, 07016

Website

https://www.tofutti.com

Tofutti Brands Inc is engaged in the development, production, and marketing of TOFUTTI brand non-dairy frozen desserts and other food products. It offers soy-based products, plant-based, dairy vegan, frozen desserts, soy-based cheeses and spreads, and other frozen food products. The company sells its dairy-free frozen dessert products, frozen entrees, and soy-cheese products in majorly markets in the United States, including Atlanta, Baltimore, Boston, Charlotte, Chicago, Cincinnati, and Cleveland. It distributes all of its products by common carrier or by allowing customers to pick up products from outside storage facilities.

Executives

Efraim Mintz	director	TOFUTTI BRANDS INC., 50 JACKSON DRIVE, CRANFORD NJ 07106
Joseph N Himy	director	13-01 POLLITT DRIVE, FAIR LAWN NJ 07410
Scott Korman	director	C/O NASHONE, INC., 175 ELM ROAD, ENGLEWOOD NJ 07361
Neal S Axelrod	director	C/O TOFUTTI BRANDS INC., 50 JACKSON DRIVE, CRANFORD NJ 07016
Steven Kass	officer: Chief Financial Officer	50 JACKSON DRIVE, CRANFORD NJ 07016
Philip Gotthelf	director	C/O TOFUTTI BRANDS INC., 50 JACKSON DRIVE, CRANFORD NJ 07016
Aron Forem	director	C/O WUHL SHAFMAN LIEBERMAN CO., 52-62 CORNELIA STREET, NEWARK NJ 07105
Joseph K Fischer	director	50 JACKSON DRIVE, CRANFORD NJ 7016
Franklyn H Snitow	director	575 LEXINGTON AVE, NEW YORK NY 10017
Jeremy Wiesen	director
Reuben Rapoport	director, officer: Director-Product Development
David Mintz	director, 10 percent owner, officer: President & Chairman	50 JACKSON DRIVE, CRANFORD NJ 07016