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Lotus Ventures (XCNQ:J) Change In Receivables : C$-0.40 Mil (TTM As of Aug. 2023)


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What is Lotus Ventures Change In Receivables?

Lotus Ventures's change in receivables for the quarter that ended in Aug. 2023 was C$-0.24 Mil. It means Lotus Ventures's Accounts Receivable increased by C$0.24 Mil from May. 2023 to Aug. 2023 .

Lotus Ventures's change in receivables for the fiscal year that ended in Aug. 2022 was C$0.18 Mil. It means Lotus Ventures's Accounts Receivable declined by C$0.18 Mil from Aug. 2021 to Aug. 2022 .

Lotus Ventures's Accounts Receivable for the quarter that ended in Aug. 2023 was C$0.40 Mil.

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 Receivable are being managed. Lotus Ventures's Days Sales Outstanding for the three months ended in Aug. 2023 was 48.90.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Lotus Ventures's liquidation value for the three months ended in Aug. 2023 was C$-3.88 Mil.


Lotus Ventures Change In Receivables Historical Data

The historical data trend for Lotus Ventures's Change In Receivables 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.

* Premium members only.

Lotus Ventures Change In Receivables Chart

Lotus Ventures Annual Data
Trend Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.27 -0.02 -0.50 0.32 0.18

Lotus Ventures Quarterly Data
Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.12 -0.15 -0.25 0.25 -0.24

Lotus Ventures Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Aug. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.40 Mil.

* 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.


Lotus Ventures  (XCNQ:J) Change In Receivables 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 Receivable are being managed.

Lotus Ventures's Days Sales Outstanding for the quarter that ended in Aug. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.403/0.752*91
=48.90

2. In Ben Graham's calculation of liquidation value, Lotus Ventures's accounts receivable are only considered to be worth 75% of book value:

Lotus Ventures's liquidation value for the quarter that ended in Aug. 2023 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.045-4.778+0.75 * 0.403+0.5 * 1.099
=-3.88

* 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.


Lotus Ventures Change In Receivables Related Terms

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Lotus Ventures (XCNQ:J) Business Description

Traded in Other Exchanges
Address
1030 West Georgia Street, Suite 1010, Vancouver, BC, CAN, V6E 2Y3
Lotus Ventures Inc is a licensed cannabis producer that serves customers in Canada. The company created a purpose-built facility with proprietary standard operating procedures to reliably produce rare and high-quality strains of cannabis for consumers looking for a consistent experience.
Executives
Gary Kenneth Mathiesen Senior Officer