Modern Plant Based Foods (XCNQ:MEAT) Change In Receivables : C$-0.05 Mil (TTM As of Feb. 2024)

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What is Modern Plant Based Foods Change In Receivables?

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

Modern Plant Based Foods's change in receivables for the fiscal year that ended in Aug. 2023 was C$-0.07 Mil. It means Modern Plant Based Foods's Accounts Receivable increased by C$0.07 Mil from Aug. 2022 to Aug. 2023 .

Modern Plant Based Foods's Accounts Receivable for the quarter that ended in Feb. 2024 was C$0.12 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. Modern Plant Based Foods's Days Sales Outstanding for the three months ended in Feb. 2024 was 54.48.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Modern Plant Based Foods's liquidation value for the three months ended in Feb. 2024 was C$-1.73 Mil.

Modern Plant Based Foods Change In Receivables Historical Data

The historical data trend for Modern Plant Based Foods'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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Modern Plant Based Foods Change In Receivables Chart

Modern Plant Based Foods Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Aug20

Aug21

Aug22

Aug23

Change In Receivables

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0.03

-0.08

-0.07

0.03

-0.07

Modern Plant Based Foods Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Receivables	Get a 7-Day Free Trial															-0.02	0.03	-0.03	-0.01	-0.04

Modern Plant Based Foods 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$-0.05 Mil.

Modern Plant Based Foods (XCNQ:MEAT) 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.

Modern Plant Based Foods's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.123	/	0.206	*	91
=	54.48

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

Modern Plant Based Foods'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)
=	0.174	-	2.004	+	0.75 * 0.123	+	0.5 * 0.023
=	-1.73

Modern Plant Based Foods Change In Receivables Related Terms

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Modern Plant Based Foods (XCNQ:MEAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Modern Plant Based Foods Inc (XCNQ:MEAT) » Definitions » Change In Receivables

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MDRNF:USA L3OP:Germany

Address

700 West Georgia Street, Suite 2500, Vancouver, BC, CAN, V7Y 1B3

Website

https://www.themodernmeat.com

Modern Plant Based Foods Inc is a Canadian food company based in Vancouver, British Columbia that offers a portfolio of plant-based products including meat alternatives, dairy-free cheeses, homemade style soups and vegan snacks. The company understands the importance of providing nutritious and sustainable alternatives without sacrificing taste. All products are made free of soy, gluten, nuts and GMOs. Modern Plant-Based Foods' objective is to change the way food is produced and consumed for the benefit of people, animals and the environment by using natural plant-based ingredients. The products are available for purchase at various retail locations and on e-commerce platforms.

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