Avricore Health (Avricore Health) Change In Receivables : $-0.16 Mil (TTM As of Dec. 2023)

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What is Avricore Health Change In Receivables?

Avricore Health's change in receivables for the quarter that ended in Dec. 2023 was $0.02 Mil. It means Avricore Health's Accounts Receivable declined by $0.02 Mil from Sep. 2023 to Dec. 2023 .

Avricore Health's change in receivables for the fiscal year that ended in Dec. 2023 was $0.25 Mil. It means Avricore Health's Accounts Receivable declined by $0.25 Mil from Dec. 2022 to Dec. 2023 .

Avricore Health's Accounts Receivable for the quarter that ended in Dec. 2023 was $0.31 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. Avricore Health's Days Sales Outstanding for the three months ended in Dec. 2023 was 28.40.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Avricore Health's liquidation value for the three months ended in Dec. 2023 was $0.06 Mil.

Avricore Health Change In Receivables Historical Data

The historical data trend for Avricore Health'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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Avricore Health Change In Receivables Chart

Avricore Health Annual Data

Trend

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.06

-0.51

0.25

Avricore Health Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-0.13	-0.29	-	-0.18	0.02

Avricore Health 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.16 Mil.

Avricore Health (OTCPK:AVCRF) 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.

Avricore Health's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.314	/	1.009	*	91
=	28.40

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

Avricore Health's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.214	-	0.394	+	0.75 * 0.314	+	0.5 * 0.016
=	0.06

Avricore Health Change In Receivables Related Terms

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Avricore Health (Avricore Health) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Avricore Health Inc (OTCPK:AVCRF) » Definitions » Change In Receivables

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8VP1:Germany AVCR:Canada

Address

1120 - 789 West Pender Street, Vancouver, BC, CAN, V6C 1H2

Website

https://www.avricorehealth.com

Avricore Health Inc is a Canada based company. The company is involved in the business of health data and point-of-care technologies. The Company has only one segment, being the HealthTab - Point of Care Business in Canada. The Company's revenues are generated from operating leases of the POCT system and sale of testing panels.