iFabric (TSX:IFA) Accounts Receivable : C$4.64 Mil (As of Jun. 2023)

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What is iFabric Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. iFabric's accounts receivables for the quarter that ended in Jun. 2023 was C$4.64 Mil.

Accounts receivable can be measured by Days Sales Outstanding. iFabric's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 80.22.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. iFabric's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was C$0.27.

iFabric Accounts Receivable Historical Data

The historical data trend for iFabric's Accounts Receivable 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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iFabric Accounts Receivable Chart

iFabric Annual Data

Trend

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Accounts Receivable

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5.68

2.20

2.33

4.35

6.40

iFabric Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Accounts Receivable	Get a 7-Day Free Trial															5.93	6.92	5.26	6.12	4.64

iFabric Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

iFabric Accounts Receivable 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 receivables are being managed.

iFabric's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.64	/	5.278	*	91
=	80.22

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), iFabric's accounts receivable are only considered to be worth 75% of book value:

iFabric's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(3.646	+	0.75 * 4.64	+	0.5 * 8.301	-	3.176
-	0	-	0.011)	/	30.2995
=	0.27

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

iFabric Accounts Receivable Related Terms

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iFabric (TSX:IFA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » iFabric Corp (TSX:IFA) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

IFABF:USA

Address

525 Denison Street, Unit 1, Markham, ON, CAN, L3R 1B8

Website

https://www.ifabriccorp.com

iFabric Corp is engaged in the business of women's intimate apparel. It has three business segments. The Intimate apparel segment is involved in the design and distribution of women's intimate apparel, and accessories. Its Intelligent fabric segment develops and distributes innovative products and treatments that are suitable for application to textiles, plastics, liquids, and hard surfaces as well as finished performance apparel. The other segment engages in the leasing of property to group companies, related parties, and third parties. Its geographical segments include Canada, United States, United Kingdom, and Southeast Asia & others. The company derives the majority of its revenue from the Intimate apparel segment and its geographical location of Canada.

Executives

Mark Cochran

Director

iFabric (TSX:IFA) Headlines

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