Invictus MD Strategies (Invictus MD Strategies) Change In Receivables : $-0.18 Mil (TTM As of Oct. 2019)

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What is Invictus MD Strategies Change In Receivables?

Invictus MD Strategies's change in receivables for the quarter that ended in Oct. 2019 was $-0.50 Mil. It means Invictus MD Strategies's Accounts Receivable increased by $0.50 Mil from Jul. 2019 to Oct. 2019 .

Invictus MD Strategies's change in receivables for the fiscal year that ended in Jan. 2019 was $-0.54 Mil. It means Invictus MD Strategies's Accounts Receivable increased by $0.54 Mil from Jan. 2018 to Jan. 2019 .

Invictus MD Strategies's Accounts Receivable for the quarter that ended in Oct. 2019 was $0.32 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. Invictus MD Strategies's Days Sales Outstanding for the three months ended in Oct. 2019 was 45.91.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Invictus MD Strategies's liquidation value for the three months ended in Oct. 2019 was $-21.43 Mil.

Invictus MD Strategies Change In Receivables Historical Data

The historical data trend for Invictus MD Strategies'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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Invictus MD Strategies Change In Receivables Chart

Invictus MD Strategies Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Change In Receivables

-0.27

0.62

-0.24

-0.54

Invictus MD Strategies Quarterly Data
	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19
Change In Receivables	Get a 7-Day Free Trial															-0.35	-0.22	0.41	0.13	-0.50

Invictus MD Strategies 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 Oct. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.18 Mil.

Invictus MD Strategies (OTCPK:IVITF) 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.

Invictus MD Strategies's Days Sales Outstanding for the quarter that ended in Oct. 2019 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.32	/	0.636	*	91
=	45.91

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

Invictus MD Strategies's liquidation value for the quarter that ended in Oct. 2019 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.795	-	23.608	+	0.75 * 0.32	+	0.5 * 2.284
=	-21.43

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Invictus MD Strategies (Invictus MD Strategies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Invictus MD Strategies Corp (OTCPK:IVITF) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

595 Burrard Street, 16th floor, Vancouver, BC, CAN, V7X 1J1

Website

http://www.invictus-md.com

Invictus MD Strategies Corp is a cannabis company with a focus on the Canadian cannabis space, offering a selection of products under a wide range of cannabinoid profiles that fit the demand of the company's medical clients and retail customers. Its wholly-owned subsidiary's Phase I and Phase II facilities are in full production. The company's 50% owned subsidiary has completed its Phase II expansion and received its amended license from Health Canada. Another of its wholly owned subsidiary, connects medical clients to physicians for medical cannabis.