GreenFirst Forest Products (TSX:GFP) Change In Receivables : C$11.4 Mil (TTM As of Mar. 2024)

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What is GreenFirst Forest Products Change In Receivables?

GreenFirst Forest Products's change in receivables for the quarter that ended in Mar. 2024 was C$-7.0 Mil. It means GreenFirst Forest Products's Accounts Receivable increased by C$7.0 Mil from Dec. 2023 to Mar. 2024 .

GreenFirst Forest Products's change in receivables for the fiscal year that ended in Dec. 2023 was C$14.8 Mil. It means GreenFirst Forest Products's Accounts Receivable declined by C$14.8 Mil from Dec. 2022 to Dec. 2023 .

GreenFirst Forest Products's Accounts Receivable for the quarter that ended in Mar. 2024 was C$32.9 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. GreenFirst Forest Products's Days Sales Outstanding for the three months ended in Mar. 2024 was 32.21.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. GreenFirst Forest Products's liquidation value for the three months ended in Mar. 2024 was C$-57.7 Mil.

GreenFirst Forest Products Change In Receivables Historical Data

The historical data trend for GreenFirst Forest Products'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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GreenFirst Forest Products Change In Receivables Chart

GreenFirst Forest Products Annual Data

Trend

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Dec20

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Dec22

Dec23

Change In Receivables

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-24.68

-4.62

14.84

GreenFirst Forest Products 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															-3.56	7.85	4.22	6.33	-7.03

GreenFirst Forest Products 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 C$11.4 Mil.

GreenFirst Forest Products (TSX:GFP) 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.

GreenFirst Forest Products's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	32.854	/	93.068	*	91
=	32.21

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

GreenFirst Forest Products'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)
=	1.488	-	135.127	+	0.75 * 32.854	+	0.5 * 102.537
=	-57.7

GreenFirst Forest Products Change In Receivables Related Terms

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GreenFirst Forest Products (TSX:GFP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » GreenFirst Forest Products Inc (TSX:GFP) » Definitions » Change In Receivables

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Traded in Other Exchanges

ICLTF:USA IMT:Germany

Address

401 The West Mall, Suite 1000, Vancouver, BC, CAN, M9C 5J5

Website

https://www.greenfirst.ca

GreenFirst Forest Products Inc is a forest-first business, focused on sustainable forest management and lumber production. The Company operates through two business segments: forest products and paper products. Through its forest products segment, the Company produces and markets a wide range of forest products for use in residential and commercial construction, including SPF lumber, wood chips, and by-products. The Paper Products segment manufactures and sells paper-grade products used in printing newspapers, promotional materials, food service bags, and other related paper products.

Executives

Michael Clark Mitchell

Director

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