Aurora Cannabis (Aurora Cannabis) Accounts Receivable : $32.3 Mil (As of Dec. 2023)

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What is Aurora Cannabis Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Aurora Cannabis's accounts receivables for the quarter that ended in Dec. 2023 was $32.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Aurora Cannabis's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 61.36.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Aurora Cannabis's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.75.

Aurora Cannabis Accounts Receivable Historical Data

The historical data trend for Aurora Cannabis's Accounts Receivable 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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Aurora Cannabis Accounts Receivable Chart

Aurora Cannabis Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Accounts Receivable

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1.01

6.58

63.12

33.35

34.39

Aurora Cannabis Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															27.89	25.59	24.47	29.36	32.29

Aurora Cannabis Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Aurora Cannabis Accounts Receivable 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 receivables are being managed.

Aurora Cannabis's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	32.288	/	48.017	*	91
=	61.36

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Aurora Cannabis's accounts receivable are only considered to be worth 75% of book value:

Aurora Cannabis's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(110.727	+	0.75 * 32.288	+	0.5 * 107.302	-	193.036
-	0	-	31.112)	/	47.5904
=	-0.75

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Aurora Cannabis Accounts Receivable Related Terms

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Aurora Cannabis (Aurora Cannabis) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Aurora Cannabis Inc (NAS:ACB) » Definitions » Accounts Receivable

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21P1:Germany ACB:Canada

Address

3498 63 Avenue, Leduc, AB, CAN, T9E 0G8

Website

https://www.auroramj.com

Aurora Cannabis, headquartered in Edmonton, Canada, cultivates and sells medicinal and recreational cannabis through a portfolio of brands that includes Drift, San Rafael '71, Daily Special, Whistler, Being, and Greybeard. Although the company primarily operates in Canada, it has expanded internationally through medical cannabis exporting agreements.