Canlan Ice Sports (TSX:ICE) Accounts Receivable : C$2.99 Mil (As of Dec. 2023)

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What is Canlan Ice Sports Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Canlan Ice Sports's accounts receivables for the quarter that ended in Dec. 2023 was C$2.99 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Canlan Ice Sports's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 11.09.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Canlan Ice Sports's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was C$-4.22.

Canlan Ice Sports Accounts Receivable Historical Data

The historical data trend for Canlan Ice Sports'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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Canlan Ice Sports Accounts Receivable Chart

Canlan Ice Sports Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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2.93

2.43

2.30

2.18

2.99

Canlan Ice Sports 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															2.18	2.13	1.68	2.74	2.99

Canlan Ice Sports Accounts Receivable Calculation

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

Canlan Ice Sports 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.

Canlan Ice Sports's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.991	/	24.617	*	91
=	11.09

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

Canlan Ice Sports'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)
=	(18.529	+	0.75 * 2.991	+	0.5 * 0.624	-	77.343
-	0	-	0)	/	13.3375
=	-4.22

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.

Canlan Ice Sports Accounts Receivable Related Terms

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Canlan Ice Sports (TSX:ICE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Canlan Ice Sports Corp (TSX:ICE) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

6501 Sprott Street, Burnaby, BC, CAN, V6B 3B8

Website

https://www.canlansports.com

Canlan Ice Sports Corp is focused on the development, lease, acquisition, and operation of multi-purpose recreation and entertainment facilities in North America. The company has a single operating segment which is an Ice rink and recreational facilities which derive revenue from food and beverage, sports stores, sponsorship, space rental, and others. Geographically it generates the majority of its revenue from Canada.