Loop Industries (FRA:3L9) Change In Receivables : €0.68 Mil (TTM As of Feb. 2024)

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What is Loop Industries Change In Receivables?

Loop Industries's change in receivables for the quarter that ended in Feb. 2024 was €0.06 Mil. It means Loop Industries's Accounts Receivable declined by €0.06 Mil from Nov. 2023 to Feb. 2024 .

Loop Industries's change in receivables for the fiscal year that ended in Feb. 2024 was €0.68 Mil. It means Loop Industries's Accounts Receivable declined by €0.68 Mil from Feb. 2023 to Feb. 2024 .

Loop Industries's Accounts Receivable for the quarter that ended in Feb. 2024 was €0.00 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. Loop Industries's Days Sales Outstanding for the three months ended in Feb. 2024 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Loop Industries's liquidation value for the three months ended in Feb. 2024 was €0.55 Mil.

Loop Industries Change In Receivables Historical Data

The historical data trend for Loop Industries'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.

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Loop Industries Change In Receivables Chart

Loop Industries Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Change In Receivables

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-0.07

-0.86

0.04

0.51

0.68

Loop Industries Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Receivables	Get a 7-Day Free Trial															0.49	-0.08	-0.03	0.72	0.06

Loop Industries 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.68 Mil.

Loop Industries (FRA:3L9) 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.

Loop Industries's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	0.042	*	91
=	0.00

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

Loop Industries's liquidation value for the quarter that ended in Feb. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	6.45	-	5.943	+	0.75 * 0	+	0.5 * 0.095
=	0.55

Loop Industries Change In Receivables Related Terms

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Loop Industries (FRA:3L9) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Loop Industries Inc (FRA:3L9) » Definitions » Change In Receivables

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Traded in Other Exchanges

LOOP:USA

Address

480 Fernand-Poitras, Terrebonne, QC, CAN, J6Y 1Y4

Website

http://www.loopindustries.com

Loop Industries Inc is a technology and licensing company whose mission is to accelerate the world's shift toward sustainable plastic and away from dependence on fossil fuels. The company owns patented and proprietary technology that depolymerizes no and low value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpet and polyester textile of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). Its monomers are filtered, purified and repolymerized to create virgin-quality Loop branded PET plastic resin and polyester fiber suitable for use in food-grade packaging to be sold to consumer goods companies to help them meet their sustainability objectives.

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