Glow LifeTech (XCNQ:GLOW) Change In Receivables : C$0.06 Mil (TTM As of Sep. 2023)

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What is Glow LifeTech Change In Receivables?

Glow LifeTech's change in receivables for the quarter that ended in Sep. 2023 was C$0.04 Mil. It means Glow LifeTech's Accounts Receivable declined by C$0.04 Mil from Jun. 2023 to Sep. 2023 .

Glow LifeTech's change in receivables for the fiscal year that ended in Dec. 2022 was C$0.11 Mil. It means Glow LifeTech's Accounts Receivable declined by C$0.11 Mil from Dec. 2021 to Dec. 2022 .

Glow LifeTech's Accounts Receivable for the quarter that ended in Sep. 2023 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. Glow LifeTech's Days Sales Outstanding for the three months ended in Sep. 2023 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Glow LifeTech's liquidation value for the three months ended in Sep. 2023 was C$-1.89 Mil.

Glow LifeTech Change In Receivables Historical Data

The historical data trend for Glow LifeTech'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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Glow LifeTech Change In Receivables Chart

Glow LifeTech Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Change In Receivables

-0.26

0.11

Glow LifeTech Quarterly Data
	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														0.03	-0.03	0.09	-0.03	0.04

Glow LifeTech 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 C$0.06 Mil.

Glow LifeTech (XCNQ:GLOW) 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.

Glow LifeTech'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	/	0.019	*	91
=	0.00

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

Glow LifeTech'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)
=	0.047	-	1.983	+	0.75 * 0	+	0.5 * 0.102
=	-1.89

Glow LifeTech Change In Receivables Related Terms

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Glow LifeTech (XCNQ:GLOW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Glow LifeTech Corp (XCNQ:GLOW) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

GLWLF:USA 9DO:Germany

Address

65 International Boulevard, Suite 206, Etobicoke, ON, CAN, M9W 6L9

Website

https://www.glowlifetech.com

Glow LifeTech Corp is a biotechnology company focused on producing nutraceutical and cannabinoid-based products with dramatically enhanced bioavailability, absorption, and effectiveness. Its plant-based MyCell Technology delivery system transforms poorly absorbed natural compounds into enhanced water-compatible concentrates, unlocking the full healing potential of natural active compounds.

Executives

Daniel Proska

Director

Glow LifeTech (XCNQ:GLOW) Headlines

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