Veritas Farms (Veritas Farms) Change In Receivables : $0.13 Mil (TTM As of Sep. 2023)

View and export this data going back to 2016. Start your Free Trial

What is Veritas Farms Change In Receivables?

Veritas Farms's change in receivables for the quarter that ended in Sep. 2023 was $-0.01 Mil. It means Veritas Farms's Accounts Receivable increased by $0.01 Mil from Jun. 2023 to Sep. 2023 .

Veritas Farms's change in receivables for the fiscal year that ended in Dec. 2022 was $0.07 Mil. It means Veritas Farms's Accounts Receivable declined by $0.07 Mil from Dec. 2021 to Dec. 2022 .

Veritas Farms's Accounts Receivable for the quarter that ended in Sep. 2023 was $0.03 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. Veritas Farms's Days Sales Outstanding for the three months ended in Sep. 2023 was 10.83.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Veritas Farms's liquidation value for the three months ended in Sep. 2023 was $-6.89 Mil.

Veritas Farms Change In Receivables Historical Data

The historical data trend for Veritas Farms'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.

* Premium members only.

Veritas Farms Change In Receivables Chart

Veritas Farms Annual Data

Trend

Jan16

Jan17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

Get a 7-Day Free Trial

-0.16

-0.28

0.15

0.28

0.07

Veritas Farms Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Receivables	Get a 7-Day Free Trial															0.18	0.13	-	0.01	-0.01

Veritas Farms 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.13 Mil.

Veritas Farms (OTCPK:VFRM) 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.

Veritas Farms's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.028	/	0.236	*	91
=	10.83

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

Veritas Farms's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.059	-	8.112	+	0.75 * 0.028	+	0.5 * 2.291
=	-6.89

Veritas Farms Change In Receivables Related Terms

Thank you for viewing the detailed overview of Veritas Farms's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

Veritas Farms (Veritas Farms) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Veritas Farms Inc (OTCPK:VFRM) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 E. Las Olas Boulevard, Suite 1400, Fort Lauderdale, FL, USA, 33001

Website

https://www.theveritasfarms.com

Veritas Farms Inc is engaged in producing natural rich-hemp products, using strict natural protocols and materials yielding broad spectrum phytocannabinoid rich hemp oils, distillates and isolates. Its products include Full Spectrum CBD Tincture, Full Spectrum CBD Salve, Full Spectrum CBD Capsules, Full Spectrum CBD Lotion and Others.