Pangea Natural Foods (XCNQ:PNGA) Change In Receivables : C$0.07 Mil (TTM As of Jan. 2024)

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What is Pangea Natural Foods Change In Receivables?

Pangea Natural Foods's change in receivables for the quarter that ended in Jan. 2024 was C$0.00 Mil. It means Pangea Natural Foods's Accounts Receivable declined by C$0.00 Mil from Oct. 2023 to Jan. 2024 .

Pangea Natural Foods's change in receivables for the fiscal year that ended in Oct. 2023 was C$0.05 Mil. It means Pangea Natural Foods's Accounts Receivable declined by C$0.05 Mil from Oct. 2022 to Oct. 2023 .

Pangea Natural Foods's Accounts Receivable for the quarter that ended in Jan. 2024 was C$0.04 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. Pangea Natural Foods's Days Sales Outstanding for the three months ended in Jan. 2024 was 456.25.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Pangea Natural Foods's liquidation value for the three months ended in Jan. 2024 was C$-0.18 Mil.

Pangea Natural Foods Change In Receivables Historical Data

The historical data trend for Pangea Natural 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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Pangea Natural Foods Change In Receivables Chart

Pangea Natural Foods Annual Data

Trend

Oct21

Oct22

Oct23

Change In Receivables

-0.05

0.05

Pangea Natural Foods Quarterly Data
	Oct21	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Change In Receivables	Get a 7-Day Free Trial				-0.02	-0.10	0.12	0.04	-

Pangea Natural 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.07 Mil.

Pangea Natural Foods (XCNQ:PNGA) 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.

Pangea Natural Foods's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.04	/	0.008	*	91
=	456.25

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

Pangea Natural Foods's liquidation value for the quarter that ended in Jan. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.07	-	0.307	+	0.75 * 0.04	+	0.5 * 0.06
=	-0.18

Pangea Natural Foods Change In Receivables Related Terms

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Pangea Natural Foods (XCNQ:PNGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Pangea Natural Foods Inc (XCNQ:PNGA) » Definitions » Change In Receivables

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Traded in Other Exchanges

PNGAF:USA

Address

8035 - 130th Street, Surrey, BC, CAN, V3W 0H7

Website

https://www.pangeafood.com

Pangea Natural Foods Inc engages in the production and sale of plant-based patties. Pangea manufactures the plant-based patties at the Facility in the Vancouver lower mainland and sells the patties through multiple distribution channels including online sales platforms and retailers. The Company currently has one reportable operating segment, the manufacturing and distribution of food products in Canada.

Pangea Natural Foods (XCNQ:PNGA) Headlines

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