DAVIDsTEA (DAVIDsTEA) Accounts Receivable : $2.88 Mil (As of Oct. 2022)

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What is DAVIDsTEA Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. DAVIDsTEA's accounts receivables for the quarter that ended in Oct. 2022 was $2.88 Mil.

Accounts receivable can be measured by Days Sales Outstanding. DAVIDsTEA's Days Sales Outstanding for the quarter that ended in Oct. 2022 was 22.21.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. DAVIDsTEA's Net-Net Working Capital per share for the quarter that ended in Oct. 2022 was $0.09.

DAVIDsTEA Accounts Receivable Historical Data

The historical data trend for DAVIDsTEA'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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DAVIDsTEA Accounts Receivable Chart

DAVIDsTEA Annual Data

Trend

Jan13

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Accounts Receivable

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1.04

1.43

2.23

1.52

2.24

DAVIDsTEA Quarterly Data
	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22
Accounts Receivable	Get a 7-Day Free Trial															3.70	2.24	2.53	1.93	2.88

DAVIDsTEA Accounts Receivable Calculation

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

DAVIDsTEA 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.

DAVIDsTEA's Days Sales Outstanding for the quarter that ended in Oct. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.876	/	11.817	*	91
=	22.21

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

DAVIDsTEA's Net-Net Working Capital Per Share for the quarter that ended in Oct. 2022 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)
=	(11.784	+	0.75 * 2.876	+	0.5 * 21.904	-	22.461
-	0	-	0)	/	26.571
=	0.09

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.

DAVIDsTEA Accounts Receivable Related Terms

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DAVIDsTEA (DAVIDsTEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » DAVIDsTEA Inc (OTCPK:DTEAF) » Definitions » Accounts Receivable

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Traded in Other Exchanges

N/A

Address

5430 Ferrier Street, Mount-Royal, QC, CAN, H4P 1M2

Website

https://www.davidstea.com

DAVIDsTEA Inc is a company functional in Canada's packaged foods market. Operating as a branded retailer of different types of tea, the company serves through DAVIDsTEA stores and its website, davidstea.com. Its business involves the sale of three main products; Tea, Tea Accessories and Food and Beverages. Tea products such as loose-leaf teas, pre-packaged teas, and tea sachets account for the majority of the company's sales. The Company has two operating segments, Canada, and the U.S; that derive their revenues from various distribution channels including online, retail and wholesale. The Company derives revenue from Tea, Tea accessories and Food and beverages products. Majority revenue is derived from Tea products.