Innovative Food Holdings (Innovative Food Holdings) Change In Receivables : $0.52 Mil (TTM As of Mar. 2024)

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What is Innovative Food Holdings Change In Receivables?

Innovative Food Holdings's change in receivables for the quarter that ended in Mar. 2024 was $0.18 Mil. It means Innovative Food Holdings's Accounts Receivable declined by $0.18 Mil from Dec. 2023 to Mar. 2024 .

Innovative Food Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was $0.48 Mil. It means Innovative Food Holdings's Accounts Receivable declined by $0.48 Mil from Dec. 2022 to Dec. 2023 .

Innovative Food Holdings's Accounts Receivable for the quarter that ended in Mar. 2024 was $4.11 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. Innovative Food Holdings's Days Sales Outstanding for the three months ended in Mar. 2024 was 23.84.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Innovative Food Holdings's liquidation value for the three months ended in Mar. 2024 was $-6.07 Mil.

Innovative Food Holdings Change In Receivables Historical Data

The historical data trend for Innovative Food Holdings'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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Innovative Food Holdings Change In Receivables Chart

Innovative Food Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.37

0.68

-0.93

-1.71

0.48

Innovative Food Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															0.14	0.18	-0.42	0.59	0.18

Innovative Food Holdings 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.52 Mil.

Innovative Food Holdings (OTCPK:IVFH) 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.

Innovative Food Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.109	/	15.73	*	91
=	23.84

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

Innovative Food Holdings's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	4.272	-	14.847	+	0.75 * 4.109	+	0.5 * 2.841
=	-6.07

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Innovative Food Holdings (Innovative Food Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Innovative Food Holdings Inc (OTCPK:IVFH) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

28411 Race Track Road, Bonita Springs, FL, USA, 34135

Website

https://www.ivfh.com

Innovative Food Holdings Inc through its subsidiaries is engaged in the distribution of perishables and specialty food products. Its customers include restaurants, hotels, country clubs, national chain accounts, casinos, hospitals, and catering houses. The company distributes perishable and specialty food and food-related products, including origin-specific seafood, domestic and imported meats, exotic game and poultry, artisanal cheeses, freshly prepared meals, caviar, wild and cultivated mushrooms, micro-greens, organic farmed and manufactured food products, estate-bottled olive oils and aged vinegar.

Executives

Samuel Klepfish	director, officer: CEO	231 NORMAN AVENUE, BROOKLYN NY 11222
Robert William Bennett	director, officer: Chief Executive Officer	28411 RACETRACK RD, BONITA SPRINGS FL 34135
Richard Tang	officer: Chief Financial Officer	C/O INNOVATIVE FOOD HOLDINGS, INC., 28411 RACETRACK RD, BONITA SPRINGS FL 34135
Denver Johnson Smith	director	350 S RACE STREET, DENVER CO 80209
Brady Smallwood	director, officer: Chief Operating Officer	4505 NE BIRCHGROVE PL, BENTONVILLE AR 72712
James C Pappas	10 percent owner	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Jefferson Gramm	director	C/O BANDERA PARTNERS LLC, 50 BROAD STREET, SUITE 1820, NEW YORK NY 10004
Hank Cohn	director	14 CHARLOTTE DRIVE, WESLEY HILLS NY 10977
David Polinsky	director	90 BOOTH AVENUE, ENGLEWOOD NJ 07631
Jcp Investment Management, Llc	10 percent owner	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Mark Schmulen	10 percent owner, other: See Explanation of Responses	11 GREENWAY PLAZA, SUITE 2400, HOUSTON TX 77046
Loukas D. Kozonis	10 percent owner, other: See Explanation of Responses	4849 N. MILWAUKEE AVENUE, SUITE 300, CHICAGO IL 60630
Jcp Investment Holdings, Llc	10 percent owner	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Jcp Investment Partners, Lp	10 percent owner	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Jcp Investment Partnership, Lp	10 percent owner	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027