Nova Leap Health (TSXV:NLH) Change In Receivables : C$0.17 Mil (TTM As of Mar. 2024)

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What is Nova Leap Health Change In Receivables?

Nova Leap Health's change in receivables for the quarter that ended in Mar. 2024 was C$0.11 Mil. It means Nova Leap Health's Accounts Receivable declined by C$0.11 Mil from Sep. 2023 to Mar. 2024 .

Nova Leap Health's change in receivables for the fiscal year that ended in Dec. 2022 was C$0.57 Mil. It means Nova Leap Health's Accounts Receivable declined by C$0.57 Mil from Dec. 2021 to Dec. 2022 .

Nova Leap Health's Accounts Receivable for the quarter that ended in Mar. 2024 was C$2.12 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. Nova Leap Health's Days Sales Outstanding for the three months ended in Mar. 2024 was 22.25.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Nova Leap Health's liquidation value for the three months ended in Mar. 2024 was C$-0.35 Mil.

Nova Leap Health Change In Receivables Historical Data

The historical data trend for Nova Leap 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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Nova Leap Health Change In Receivables Chart

Nova Leap Health Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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-1.63

-0.26

0.35

-0.98

0.57

Nova Leap Health Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Change In Receivables	Get a 7-Day Free Trial															0.38	0.17	-0.06	0.11	0.11

Nova Leap 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.17 Mil.

Nova Leap Health (TSXV:NLH) 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.

Nova Leap Health's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.122	/	8.704	*	91
=	22.25

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

Nova Leap Health'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)
=	1.512	-	3.449	+	0.75 * 2.122	+	0.5 * 0
=	-0.35

Nova Leap Health Change In Receivables Related Terms

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Nova Leap Health (TSXV:NLH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Nova Leap Health Corp (TSXV:NLH) » Definitions » Change In Receivables

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Traded in Other Exchanges

NVLPF:USA

Address

7071 Bayers Road, Suite 3006, Halifax, NS, CAN, B3L 2C2

Website

https://www.novaleaphealth.com

Nova Leap Health Corp operates in the healthcare industry. The company is a provider of personal home care and support services. The principal business activities of the company and its subsidiaries are to provide skilled and non-medical home care to clients. Its service offering includes meal preparation, housekeeping, transportation, personal care, and medication reminders. Its segments comprise Canadian and U.S operations. The company derives a majority of its revenue from the United States.

Executives

Christopher Donald Dobbin

Director, Senior Officer

Nova Leap Health (TSXV:NLH) Headlines

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