GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Lifeist Wellness Inc (OTCPK:LFSWF) » Definitions » Accounts Receivable

LFSWF (Lifeist Wellness) Accounts Receivable : $0.80 Mil (As of Aug. 2024)


View and export this data going back to 2011. Start your Free Trial

What is Lifeist Wellness Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Lifeist Wellness's accounts receivables for the quarter that ended in Aug. 2024 was $0.80 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Lifeist Wellness's Days Sales Outstanding for the quarter that ended in Aug. 2024 was 48.47.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Lifeist Wellness's Net-Net Working Capital per share for the quarter that ended in Aug. 2024 was $-0.01.


Lifeist Wellness Accounts Receivable Historical Data

The historical data trend for Lifeist Wellness'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.

* Premium members only.

Lifeist Wellness Accounts Receivable Chart

Lifeist Wellness Annual Data
Trend Mar14 Mar15 Aug16 Aug17 Aug18 Nov19 Nov20 Nov21 Nov22 Nov23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.69 2.69 2.70 2.48 1.54

Lifeist Wellness Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.52 1.54 1.71 0.77 0.80

Lifeist Wellness Accounts Receivable Calculation

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


Lifeist Wellness 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.

Lifeist Wellness's Days Sales Outstanding for the quarter that ended in Aug. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.8/1.506*91
=48.47

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

Lifeist Wellness's Net-Net Working Capital Per Share for the quarter that ended in Aug. 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)
=(0.748+0.75 * 0.8+0.5 * 1.032-2.047
-0-0)/35.9133
=-0.01

* 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.


Lifeist Wellness Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Lifeist Wellness's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


Lifeist Wellness Business Description

Traded in Other Exchanges
Address
18 Canso Road, Etobicoke, Toronto, ON, CAN, M9W 4L8
Lifeist Wellness Inc is a portfolio wellness company leveraging advancements in science and technology. Its portfolio of brands includes; CannMart Inc, a distributor of licensed and in-house branded adult-use cannabis and cannabis-derived products in Canada; CannMart Marketplace Inc operates CannMart.com, an online marketplace for hemp-derived CBD and accessories in the U.S.; CannMart Labs Inc, licensed facility for BHO (butane hash oil) extraction within Canada; Zest Brand, liquid Diamond vape formulations; Australian Vapes online supplier of hardware, including vaporizers, and related accessories and Mikra, a biosciences and consumer wellness company. The firm generates a majority of its revenue from the operations of CannMart.