Edible Garden AG (Edible Garden AG) Accounts Receivable : $1.14 Mil (As of Mar. 2024)

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What is Edible Garden AG Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Edible Garden AG's accounts receivables for the quarter that ended in Mar. 2024 was $1.14 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Edible Garden AG's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 33.18.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Edible Garden AG's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-28.54.

Edible Garden AG Accounts Receivable Historical Data

The historical data trend for Edible Garden AG'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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Edible Garden AG Accounts Receivable Chart

Edible Garden AG Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

0.63

0.77

1.11

1.25

Edible Garden AG Quarterly Data
	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial										0.89	1.44	1.32	1.25	1.14

Edible Garden AG Accounts Receivable Calculation

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

Edible Garden AG 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.

Edible Garden AG's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.139	/	3.132	*	91
=	33.18

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

Edible Garden AG'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)
=	(0.388	+	0.75 * 1.139	+	0.5 * 0.814	-	10.435
-	0	-	0)	/	0.30782
=	-28.54

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.

Edible Garden AG Accounts Receivable Related Terms

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Edible Garden AG (Edible Garden AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Edible Garden AG Inc (NAS:EDBL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

283 County Road 519, Belvidere, NJ, USA, 07823

Website

https://www.ediblegarden.com

Edible Garden AG Inc is a next generation controlled environment agriculture farming company. It uses traditional agricultural growing techniques together with technology to grow fresh, organic food, sustainably and safely while improving traceability. The company uses the controlled environment of traditional greenhouse structures, such as glass greenhouses, together with hydroponic and vertical greenhouses to sustainably grow organic herbs and lettuces.

Executives

Pamela Donaroma	director	C/O EDIBLE GARDEN AG INCORPORATED, 283 COUNTY ROAD 519, BELVIDERE NJ 07823
James E. Kras	director, 10 percent owner, officer: President and CEO	C/O EDIBLE GARDEN AG INCORPORATED, 283 COUNTY ROAD 519, BELVIDERE NJ 07823
Deborah Pawlowski	director	C/O EDIBLE GARDEN AG INCORPORATED, 283 COUNTY ROAD 519, BELVIDERE NJ 07823
Michael C James	director, 10 percent owner, officer: Chief Financial Officer	2040 MAIN STREET, SUITE 225, IRVINE CA 92614
Tracy A. Nazzaro	director	C/O EDIBLE GARDEN AG INCORPORATED, 283 COUNTY ROAD 519, BELVIDERE NJ 07823
Ryan L. Rogers	director	C/O EDIBLE GARDEN AG INCORPORATED, 283 COUNTY ROAD 519, BELVIDERE NJ 07823
Mathew J. Mcconnell	director	C/O EDIBLE GARDEN AG INCORPORATED, 283 COUNTY ROAD 519, BELVIDERE NJ 07823