California Nanotechnologies (California Nanotechnologies) Change In Receivables : $-0.51 Mil (TTM As of Nov. 2023)

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What is California Nanotechnologies Change In Receivables?

California Nanotechnologies's change in receivables for the quarter that ended in Nov. 2023 was $-0.15 Mil. It means California Nanotechnologies's Accounts Receivable increased by $0.15 Mil from Aug. 2023 to Nov. 2023 .

California Nanotechnologies's change in receivables for the fiscal year that ended in Feb. 2023 was $0.18 Mil. It means California Nanotechnologies's Accounts Receivable declined by $0.18 Mil from Feb. 2022 to Feb. 2023 .

California Nanotechnologies's Accounts Receivable for the quarter that ended in Nov. 2023 was $0.71 Mil.

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 Receivable are being managed. California Nanotechnologies's Days Sales Outstanding for the three months ended in Nov. 2023 was 56.14.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. California Nanotechnologies's liquidation value for the three months ended in Nov. 2023 was $-0.59 Mil.

California Nanotechnologies Change In Receivables Historical Data

The historical data trend for California Nanotechnologies's Change In Receivables 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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California Nanotechnologies Change In Receivables Chart

California Nanotechnologies Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Change In Receivables

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-0.01

0.02

-0.31

0.18

California Nanotechnologies Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Change In Receivables	Get a 7-Day Free Trial															-0.06	0.03	-0.16	-0.23	-0.15

California Nanotechnologies Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.51 Mil.

California Nanotechnologies (OTCPK:CANOF) Change In Receivables 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 Receivable are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.713	/	1.159	*	91
=	56.14

2. In Ben Graham's calculation of liquidation value, California Nanotechnologies's accounts receivable are only considered to be worth 75% of book value:

California Nanotechnologies's liquidation value for the quarter that ended in Nov. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.128	-	2.255	+	0.75 * 0.713	+	0.5 * 0
=	-0.59

California Nanotechnologies Change In Receivables Related Terms

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California Nanotechnologies (California Nanotechnologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » California Nanotechnologies Corp (OTCPK:CANOF) » Definitions » Change In Receivables

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CNO:Canada

Address

900, 517 - 10th Avenue S.W., Calgary, AB, CAN, T2R 0A8

Website

https://www.calnanocorp.com

California Nanotechnologies Corp engages in the production, and research and development of nanostructured components and materials. Its products include precision forged components, thermal spray powders, nano light alloy powders, nanoalloy billets, nano superalloy powders, cemented carbides, and tooling. The company products are used in Aerospace, Defense, Automotive, Medical, and Sport and Recreation industries.