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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Advanced Flower Capital's accounts receivables for the quarter that ended in Sep. 2024 was $1.47 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Advanced Flower Capital's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 31.57.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Advanced Flower Capital's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-1.70.
The historical data trend for Advanced Flower Capital'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.
Advanced Flower Capital Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Accounts Receivable | 0.93 | 4.41 | 5.26 | 5.55 |
Advanced Flower Capital Quarterly Data | |||||||||||||||||
Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Accounts Receivable | Get a 7-Day Free Trial | 4.58 | 5.55 | 10.05 | 1.73 | 1.47 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
Advanced Flower Capital's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 1.474 | / | 4.261 | * | 91 |
= | 31.57 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Advanced Flower Capital's accounts receivable are only considered to be worth 75% of book value:
Advanced Flower Capital's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 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) | ||
= | (122.164 | + | 0.75 * 1.474 | + | 0.5 * 0 | - | 160.557 |
- | 0 | - | 0) | / | 21.882 | ||
= | -1.70 |
* 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.
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.
Thank you for viewing the detailed overview of Advanced Flower Capital's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Leonard M Tannenbaum | director, 10 percent owner, officer: Chief Executive Officer | 525 OKEECHOBEE BLVD., SUITE 1770, WEST PALM BEACH FL 33401 |
James C. Fagan | director | 123 HARBOR DRIVE, UNIT 211, STAMFORD CT 06902 |
Robyn Tannenbaum | officer: Managing Director | 525 OKEECHOBEE BLVD., SUITE 1770, WEST PALM BEACH FL 33401 |
Brandon Hetzel | officer: CFO and Treasurer | 525 OKEECHOBEE BLVD., SUITE 1770, WEST PALM BEACH FL 33401 |
Jonathan Gilbert Kalikow | director, 10 percent owner, officer: Head of Real Estate | 101 PARK AVENUE, 11TH FLOOR, NEW YORK NY 10178 |
Brett Kaufman | officer: CFO and Treasurer | 4400 BISCAYNE BLVD., 12TH FLOOR, MIAMI FL 33137 |
Marnie Migatz Sudnow | director | 525 OKEECHOBEE BLVD., SUITE 1770, WEST PALM BEACH FL 33401 |
Thomas L Harrison | director | |
Jodi Hanson Bond | director | 777 WEST PUTNAM AVENUE, 3RD FLOOR, GREENWICH CT 06830 |
Alexander C Frank | director | 525 OKEECHOBEE BLVD., SUITE 1770, WEST PALM BEACH FL 33401 |
Robert L Levy | director | 525 OKEECHOBEE BLVD., SUITE 1770, WEST PALM BEACH FL 33401 |
Tomer Tzur | director | 7545 SW 54TH AVENUE, MIAMI FL 33143 |
Thomas Geoffroy | officer: CFO and Treasurer | 525 OKEECHOBEE BLVD., SUITE 1770, WEST PALM BEACH FL 33401 |
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