Little Green Pharma (ASX:LGP) Accounts Receivable : A$7.63 Mil (As of Sep. 2023)

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What is Little Green Pharma Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Little Green Pharma's accounts receivables for the quarter that ended in Sep. 2023 was A$7.63 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Little Green Pharma's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 110.08.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Little Green Pharma's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was A$0.02.

Little Green Pharma Accounts Receivable Historical Data

The historical data trend for Little Green Pharma'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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Little Green Pharma Accounts Receivable Chart

Little Green Pharma Annual Data

Trend

Jun19

Jun20

Jun21

Mar23

Accounts Receivable

0.39

0.63

0.77

1.55

Little Green Pharma Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial			1.14	0.77	4.00	1.55	7.63

Little Green Pharma Accounts Receivable Calculation

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

Little Green Pharma 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.

Little Green Pharma's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7.631	/	12.651	*	91
=	110.08

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

Little Green Pharma's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(6.193	+	0.75 * 7.631	+	0.5 * 10.922	-	12.214
-	0	-	0)	/	300.093
=	0.02

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.

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Little Green Pharma (ASX:LGP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Little Green Pharma Ltd (ASX:LGP) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

66 Kings Park Road, Level 2, Suite 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.littlegreenpharma.com

Little Green Pharma Ltd is engaged in the vertically integrated medicinal cannabis business. The business activities of the company include cultivation, production, research and development, manufacturing, and distribution of medicinal cannabis products. The company's two key types of products available at Little Green Pharma are oils (which are ingested) and flowers (which are usually inhaled through vaporizing). The company offers LGP-branded medicinal cannabis oil products in the Australian and European markets.

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