Greenfern Industries (NZSE:GFI) Accounts Receivable : NZ$0.31 Mil (As of Mar. 2023)

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What is Greenfern Industries Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Greenfern Industries's accounts receivables for the quarter that ended in Mar. 2023 was NZ$0.31 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Greenfern Industries's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 102.35.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Greenfern Industries's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was NZ$0.00.

Greenfern Industries Accounts Receivable Historical Data

The historical data trend for Greenfern Industries'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.

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Greenfern Industries Accounts Receivable Chart

Greenfern Industries Annual Data

Trend

Mar22

Mar23

Accounts Receivable

0.04

0.31

Greenfern Industries Semi-Annual Data
	Mar22	Mar23
Accounts Receivable	0.04	0.31

Greenfern Industries Accounts Receivable Calculation

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

Greenfern Industries 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.

Greenfern Industries's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.309	/	0.551	*	91
=	102.35

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

Greenfern Industries's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2023 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)
=	(0.923	+	0.75 * 0.309	+	0.5 * 0.024	-	1.082
-	0	-	0)	/	109.857
=	0.00

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.

Greenfern Industries Accounts Receivable Related Terms

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Greenfern Industries (NZSE:GFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Greenfern Industries Ltd (NZSE:GFI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

115 Queen Street, Level 8, General Capital House, Auckland, NTL, NZL, 1040

Website

https://www.gfi.nz

Greenfern Industries Ltd is committed to the environmentally friendly production of medicinal cannabis and hemp-based products. It operates in two segments, Cannabis and therapeutics products the operations of this segment reflect the activities of manufacture and distribution of cannabis products, Electricity generation this segment includes the generation and distribution of electricity. The hemp seed and its by-products are used for a range of different products from a high protein ingredient in a plant-based meat substitute, a hemp-based skincare range, and hemp-based beverages amongst other things.