Affinor Growers (XCNQ:AFI) Change In Receivables : C$-0.18 Mil (TTM As of Feb. 2024)

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What is Affinor Growers Change In Receivables?

Affinor Growers's change in receivables for the quarter that ended in Feb. 2024 was C$-0.04 Mil. It means Affinor Growers's Accounts Receivable increased by C$0.04 Mil from Nov. 2023 to Feb. 2024 .

Affinor Growers's change in receivables for the fiscal year that ended in May. 2023 was C$-0.07 Mil. It means Affinor Growers's Accounts Receivable increased by C$0.07 Mil from May. 2022 to May. 2023 .

Affinor Growers's Accounts Receivable for the quarter that ended in Feb. 2024 was C$0.00 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.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Affinor Growers's liquidation value for the three months ended in Feb. 2024 was C$-1.72 Mil.

Affinor Growers Change In Receivables Historical Data

The historical data trend for Affinor Growers'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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Affinor Growers Change In Receivables Chart

Affinor Growers Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Change In Receivables

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0.15

-0.01

0.10

-0.07

Affinor Growers Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Receivables	Get a 7-Day Free Trial															-0.01	-0.13	-	-0.01	-0.04

Affinor Growers 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.18 Mil.

Affinor Growers (XCNQ:AFI) 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.

Affinor Growers's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	0	*	91
=

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

Affinor Growers's liquidation value for the quarter that ended in Feb. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.014	-	1.732	+	0.75 * 0	+	0.5 * 0
=	-1.72

Affinor Growers Change In Receivables Related Terms

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Affinor Growers (XCNQ:AFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Affinor Growers Inc (XCNQ:AFI) » Definitions » Change In Receivables

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RSSFF:USA 1AF0:Germany

Address

250-750 West Pender Street, Vancouver, BC, CAN, V6C 2T7

Website

https://www.affinorgrowers.com

Affinor Growers Inc is a farming technology company engaged in acquiring, patenting, and commercializing various agriculture technologies and vertical farming technology for the indoor controlled environment and outdoor greenhouse agriculture industry in North America. It produces strawberries and other crops, such as romaine lettuce and herbs using vertical farming technology. The company principally operates in North America. The Company's revenue model includes entering into licensing agreements that provide licensing revenue as well as earnings on sales of its equipment and sale of produce from its production facilities.

Executives

Karim Mohamedani

10% Security Holder

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