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Earthworks Industries (Earthworks Industries) Accounts Receivable : $0.01 Mil (As of Nov. 2023)


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What is Earthworks Industries Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Earthworks Industries's accounts receivables for the quarter that ended in Nov. 2023 was $0.01 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Earthworks Industries's Net-Net Working Capital per share for the quarter that ended in Nov. 2023 was $-0.03.


Earthworks Industries Accounts Receivable Historical Data

The historical data trend for Earthworks Industries'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.

* Premium members only.

Earthworks Industries Accounts Receivable Chart

Earthworks Industries Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.02 0.01 - 0.01

Earthworks Industries Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - 0.01

Earthworks Industries Accounts Receivable Calculation

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


Earthworks Industries 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.

Earthworks Industries's Days Sales Outstanding for the quarter that ended in Nov. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.009/0*91
=

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

Earthworks Industries's Net-Net Working Capital Per Share for the quarter that ended in Nov. 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)
=(0.663+0.75 * 0.009+0.5 * 0-3.998
-0-0)/110.096
=-0.03

* 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.


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.


Earthworks Industries Accounts Receivable Related Terms

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Earthworks Industries (Earthworks Industries) Business Description

Traded in Other Exchanges
Address
800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6
Earthworks Industries Inc is engaged in waste disposal. The company project includes Cortina Integrated Waste Management Project. Its geographical segments include Canada and the United States.

Earthworks Industries (Earthworks Industries) Headlines

From GuruFocus

Earthworks Industries Inc. - CORTINA UPDATE

By PRNewswire 08-16-2023