CanadaBis Capital (TSXV:CANB) Change In Receivables : C$-0.68 Mil (TTM As of Jan. 2024)

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What is CanadaBis Capital Change In Receivables?

CanadaBis Capital's change in receivables for the quarter that ended in Jan. 2024 was C$0.04 Mil. It means CanadaBis Capital's Accounts Receivable declined by C$0.04 Mil from Oct. 2023 to Jan. 2024 .

CanadaBis Capital's change in receivables for the fiscal year that ended in Jul. 2023 was C$0.14 Mil. It means CanadaBis Capital's Accounts Receivable declined by C$0.14 Mil from Jul. 2022 to Jul. 2023 .

CanadaBis Capital's Accounts Receivable for the quarter that ended in Jan. 2024 was C$2.26 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. CanadaBis Capital's Days Sales Outstanding for the three months ended in Jan. 2024 was 47.94.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. CanadaBis Capital's liquidation value for the three months ended in Jan. 2024 was C$-7.66 Mil.

CanadaBis Capital Change In Receivables Historical Data

The historical data trend for CanadaBis Capital'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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CanadaBis Capital Change In Receivables Chart

CanadaBis Capital Annual Data

Trend

Nov16

Dec17

Dec18

Jul19

Jul20

Jul21

Jul22

Jul23

Change In Receivables

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-0.05

-1.23

0.63

-1.44

0.14

CanadaBis Capital Quarterly Data
	Mar19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Change In Receivables	Get a 7-Day Free Trial															-0.02	-1.56	1.35	-0.52	0.04

CanadaBis Capital 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.68 Mil.

CanadaBis Capital (TSXV:CANB) 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.

CanadaBis Capital's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.264	/	4.309	*	91
=	47.94

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

CanadaBis Capital's liquidation value for the quarter that ended in Jan. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2.396	-	15.214	+	0.75 * 2.264	+	0.5 * 6.923
=	-7.66

CanadaBis Capital Change In Receivables Related Terms

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CanadaBis Capital (TSXV:CANB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CanadaBis Capital Inc (TSXV:CANB) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

CNADF:USA

Address

PO Box 850, Rocky Mountain House, AB, CAN, T4T 1A6

Website

https://www.canadabis.com

CanadaBis Capital Inc is a vertically-integrated cannabis company. The firm engages in the production and sale of recreational cannabis. Its product line consists of Stigma Roots. It operates in three segments: wholesale, retail, and extraction and tolling. The wholesale segment cultivates and distributes cannabis and cannabis products to and through, provincial liquor and cannabis boards. Retail segment involves sale of cannabis and cannabis-related products to end consumers on-premise owned and operated by the Company. Extraction and tolling segment provides cannabinoid extraction services to other licensed producers. The company generates maximum of its revenue from Extraction and tolling.

Executives

Garfield Richards

Senior Officer