The Fresh Factory B.C. (TSXV:FRSH) Accounts Receivable : C$2.37 Mil (As of Mar. 2024)

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What is The Fresh Factory B.C. Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. The Fresh Factory B.C.'s accounts receivables for the quarter that ended in Mar. 2024 was C$2.37 Mil.

Accounts receivable can be measured by Days Sales Outstanding. The Fresh Factory B.C.'s Days Sales Outstanding for the quarter that ended in Mar. 2024 was 19.22.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. The Fresh Factory B.C.'s Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was C$-0.06.

The Fresh Factory B.C. Accounts Receivable Historical Data

The historical data trend for The Fresh Factory B.C.'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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The Fresh Factory B.C. Accounts Receivable Chart

The Fresh Factory B.C. Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

1.29

3.01

2.66

The Fresh Factory B.C. Quarterly Data
	Sep20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial								2.71	3.18	2.35	2.66	2.37

The Fresh Factory B.C. Accounts Receivable Calculation

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

The Fresh Factory B.C. 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.

The Fresh Factory B.C.'s Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.365	/	11.228	*	91
=	19.22

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

The Fresh Factory B.C.'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)
=	(2.297	+	0.75 * 2.365	+	0.5 * 2.143	-	8.176
-	0	-	0)	/	52.0686
=	-0.06

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.

The Fresh Factory B.C. Accounts Receivable Related Terms

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The Fresh Factory B.C. (TSXV:FRSH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Fresh Factory B.C. Ltd (TSXV:FRSH) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

238 Tubeway Drive, Carol Stream, IL, USA, 60188

Website

https://www.thefreshfactory.co

The Fresh Factory B.C. Ltd is a vertically integrated company focused on accelerating the growth of plant-based and clean-label food and beverage brands. It owns or partners with emerging brands in the plant-based food and beverage space to develop, formulate, manufacture, distribute and sell products made from fresh produce and recognizable ingredients.