Grey Wolf Animal Health (TSXV:WOLF) Accounts Receivable : C$2.20 Mil (As of Mar. 2024)

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What is Grey Wolf Animal Health Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Grey Wolf Animal Health's accounts receivables for the quarter that ended in Mar. 2024 was C$2.20 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Grey Wolf Animal Health's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 33.24.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Grey Wolf Animal Health's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was C$-0.10.

Grey Wolf Animal Health Accounts Receivable Historical Data

The historical data trend for Grey Wolf Animal Health'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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Grey Wolf Animal Health Accounts Receivable Chart

Grey Wolf Animal Health Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

1.13

1.95

1.69

Grey Wolf Animal Health Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial					2.24	1.94	2.06	1.69	2.20

Grey Wolf Animal Health Accounts Receivable Calculation

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

Grey Wolf Animal Health 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.

Grey Wolf Animal Health's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.203	/	6.047	*	91
=	33.24

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

Grey Wolf Animal Health'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)
=	(5.642	+	0.75 * 2.203	+	0.5 * 4.815	-	12.947
-	0	-	0)	/	31.0322
=	-0.10

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.

Grey Wolf Animal Health Accounts Receivable Related Terms

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