Forbidden Spirits Distilling (TSXV:VDKA.H) Change In Receivables : C$0.00 Mil (TTM As of Sep. 2022)

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What is Forbidden Spirits Distilling Change In Receivables?

Forbidden Spirits Distilling's change in receivables for the quarter that ended in Sep. 2022 was C$-0.01 Mil. It means Forbidden Spirits Distilling's Accounts Receivable increased by C$0.01 Mil from Jun. 2022 to Sep. 2022 .

Forbidden Spirits Distilling's change in receivables for the fiscal year that ended in Dec. 2021 was C$-0.06 Mil. It means Forbidden Spirits Distilling's Accounts Receivable increased by C$0.06 Mil from Dec. 2020 to Dec. 2021 .

Forbidden Spirits Distilling's Accounts Receivable for the quarter that ended in Sep. 2022 was C$0.08 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. Forbidden Spirits Distilling's Days Sales Outstanding for the three months ended in Sep. 2022 was 21.69.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Forbidden Spirits Distilling's liquidation value for the three months ended in Sep. 2022 was C$-1.55 Mil.

Forbidden Spirits Distilling Change In Receivables Historical Data

The historical data trend for Forbidden Spirits Distilling'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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Forbidden Spirits Distilling Change In Receivables Chart

Forbidden Spirits Distilling Annual Data

Trend

Dec19

Dec20

Dec21

Change In Receivables

0.01

-0.01

-0.06

Forbidden Spirits Distilling Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Change In Receivables	Get a 7-Day Free Trial					0.01	-0.02	-0.04	0.07	-0.01

Forbidden Spirits Distilling 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 Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.00 Mil.

Forbidden Spirits Distilling (TSXV:VDKA.H) 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.

Forbidden Spirits Distilling's Days Sales Outstanding for the quarter that ended in Sep. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.077	/	0.324	*	91
=	21.69

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

Forbidden Spirits Distilling's liquidation value for the quarter that ended in Sep. 2022 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.21	-	2.168	+	0.75 * 0.077	+	0.5 * 0.694
=	-1.55

Forbidden Spirits Distilling Change In Receivables Related Terms

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Forbidden Spirits Distilling (TSXV:VDKA.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Forbidden Spirits Distilling Corp (TSXV:VDKA.H) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

4400 Wallace Hill Road, Kelowna, BC, CAN, V1W1C3

Website

https://www.forbiddenspirits.ca

Forbidden Spirits Distilling Corp is engaged in manufacturing, marketing, and selling spirits direct to consumers from its online store, as well as direct to off-premises retail liquor stores and direct to on-premises restaurants, hotels, pubs, bars, golf courses, and yacht clubs. Its brands include REBEL Vodka, Eve's Original Gin, Adam's Apple Brandy, Forbidden Fire, Forbidden Spirits Vodka, and Wallace Hill Whisky.

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