Greenlane Renewables (TSX:GRN) Change In Receivables : C$-5.79 Mil (TTM As of Mar. 2024)

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What is Greenlane Renewables Change In Receivables?

Greenlane Renewables's change in receivables for the quarter that ended in Mar. 2024 was C$-9.16 Mil. It means Greenlane Renewables's Accounts Receivable increased by C$9.16 Mil from Dec. 2023 to Mar. 2024 .

Greenlane Renewables's change in receivables for the fiscal year that ended in Dec. 2023 was C$3.86 Mil. It means Greenlane Renewables's Accounts Receivable declined by C$3.86 Mil from Dec. 2022 to Dec. 2023 .

Greenlane Renewables's Accounts Receivable for the quarter that ended in Mar. 2024 was C$23.59 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. Greenlane Renewables's Days Sales Outstanding for the three months ended in Mar. 2024 was 118.71.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Greenlane Renewables's liquidation value for the three months ended in Mar. 2024 was C$-9.59 Mil.

Greenlane Renewables Change In Receivables Historical Data

The historical data trend for Greenlane Renewables'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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Greenlane Renewables Change In Receivables Chart

Greenlane Renewables Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-20.81

3.14

3.86

Greenlane Renewables 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															0.49	-1.05	9.34	-4.93	-9.16

Greenlane Renewables 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$-5.79 Mil.

Greenlane Renewables (TSX:GRN) 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.

Greenlane Renewables's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	23.585	/	18.129	*	91
=	118.71

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

Greenlane Renewables'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)
=	7.218	-	35.357	+	0.75 * 23.585	+	0.5 * 1.728
=	-9.59

Greenlane Renewables Change In Receivables Related Terms

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Greenlane Renewables (TSX:GRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Greenlane Renewables Inc (TSX:GRN) » Definitions » Change In Receivables

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Traded in Other Exchanges

GRNWF:USA 52G:Germany

Address

3605 Gilmore Way, Suite 110, Burnaby, BC, CAN, V5G 4X5

Website

https://www.greenlanerenewables.com

Greenlane Renewables Inc is a provider of biogas upgrading systems. Its systems produce clean, renewable natural gas from organic waste sources, including landfills, wastewater treatment plants, dairy farms, and food waste, suitable for either injection into the natural gas grid or for direct use as vehicle fuel. The company generates revenue in the form of System sales and Aftercare services. The company has its geographic presence in Canada, Europe and United States and Others.

Executives

Candice Alderson

Director