Verde AgriTech (TSX:NPK) Accounts Receivable : C$12.94 Mil (As of Dec. 2023)

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What is Verde AgriTech Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Verde AgriTech's accounts receivables for the quarter that ended in Dec. 2023 was C$12.94 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Verde AgriTech's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 167.32.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Verde AgriTech's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was C$-0.62.

Verde AgriTech Accounts Receivable Historical Data

The historical data trend for Verde AgriTech'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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Verde AgriTech Accounts Receivable Chart

Verde AgriTech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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0.66

2.11

13.25

28.53

12.94

Verde AgriTech 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															28.53	30.00	17.56	16.12	12.94

Verde AgriTech Accounts Receivable Calculation

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

Verde AgriTech 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	12.942	/	7.058	*	91
=	167.32

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

Verde AgriTech'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)
=	(6.975	+	0.75 * 12.942	+	0.5 * 2.448	-	50.666
-	0	-	0)	/	52.6697
=	-0.62

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.

Verde AgriTech Accounts Receivable Related Terms

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Verde AgriTech (TSX:NPK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Verde AgriTech Ltd (TSX:NPK) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

VNPKF:USA T48:Germany

Address

105 Cecil Street, No. 15-02, The Octagon, Singapore, SGP, 069534

Website

https://investor.verde.ag

Verde AgriTech Ltd promotes sustainable and profitable agriculture through the development of its Cerrado Verde Project, from which the company produces solutions for crop nutrition, crop protection, soil improvement, and increased sustainability. The multi-nutrient potassium fertilizer marketed in Brazil under the brand K Forte and internationally as Super Greensand is one of Verde's sustainable products from which the nature-driven technology company helps to improve the soil microbiome.