Village Farms International (Village Farms International) Accounts Receivable : $38.8 Mil (As of Mar. 2024)

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What is Village Farms International Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Village Farms International's accounts receivables for the quarter that ended in Mar. 2024 was $38.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Village Farms International's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 45.38.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Village Farms International's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.63.

Village Farms International Accounts Receivable Historical Data

The historical data trend for Village Farms International'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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Village Farms International Accounts Receivable Chart

Village Farms International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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9.00

23.22

34.36

27.56

30.56

Village Farms International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															26.80	29.51	28.54	30.56	38.83

Village Farms International Accounts Receivable Calculation

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

Village Farms International 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.

Village Farms International's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	38.826	/	78.077	*	91
=	45.38

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

Village Farms International'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)
=	(26.685	+	0.75 * 38.826	+	0.5 * 74.029	-	146.023
-	0	-	16.201)	/	110.249
=	-0.63

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.

Village Farms International Accounts Receivable Related Terms

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Village Farms International (Village Farms International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Village Farms International Inc (NAS:VFF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

02V:Germany

Address

4700 - 80th Street, Delta, BC, CAN, V4K 3N3

Website

https://www.villagefarms.com

Village Farms International Inc owns and operates intensive agricultural greenhouse facilities in British Columbia and Texas, where it produces, markets and sells tomatoes, bell peppers and cucumbers. Its wholly owned subsidiary, Pure Sunfarms, is a vertically integrated licensed producer and supplier of cannabis products sold to other licensed providers and provincial governments across Canada and internationally. The Company's wholly owned subsidiary, Balanced Health, develops and sells, cannabidiol (CBD) based products including ingestible, edible and topical applications. Through its 70% ownership of Rose, the Company has a presence in the Province of Quebec as a cannabis supplier, producer and commercialization.

Executives

Kathleen M Mahoney	director	C/O SPARTANNASH, 850 76TH SW, GRAND RAPIDS MI 49518
Michael A Degiglio	director, 10 percent owner, officer: Chief Executive Officer	10 ALVIN CT, EAST BRUNSWICK NJ 08816
John Patrick Henry	director	C/O VILLAGE FARMS INTERNATIONAL, INC., 195 INTERNATIONAL PARKWAY, SUITE 100, HEATHROW FL 32746
Stephen C Ruffini	director, officer: Chief Financial Officer	C/O VILLAGE FARMS INTERNATIONAL, INC., 195 INTERNATIONAL PARKWAY, SUITE 100, HEATHROW FL 32746
Ann Lefever Gillin	officer: Executive Vice President	C/O VILLAGE FARMS INTERNATIONAL, INC., 4700 80TH STREET, DELTA A1 V4K 3N3
John R. Mclernon	director	200 GRANVILLE STREET, 19TH FLOOR, VANCOUVER A1 V6C 2R6
Christopher C. Woodward	director	C/O VILLAGE FARMS INTERNATIONAL, INC., 195 INTERNATIONAL PARKWAY, SUITE 100, HEATHROW FL 32746
David Holewinski	director	C/O VILLAGE FARMS INTERNATIONAL, INC., 195 INTERNATIONAL PARKWAY, SUITE 100, HEATHROW FL 32746
Roberta Cook	director	C/O VILLAGE FARMS INTERNATIONAL, 195 INTERNATIONAL PARKWAY, SUITE 100, HEATHROW FL 32746