OILFF (Nextleaf Solutions) Accounts Receivable : $1.30 Mil (As of Dec. 2024)

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What is Nextleaf Solutions Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Nextleaf Solutions's accounts receivables for the quarter that ended in Dec. 2024 was $1.30 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Nextleaf Solutions's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 58.33.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Nextleaf Solutions's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $-0.00.

Nextleaf Solutions Accounts Receivable Historical Data

The historical data trend for Nextleaf Solutions'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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Nextleaf Solutions Accounts Receivable Chart

Nextleaf Solutions Annual Data

Trend

Mar17

Mar18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Accounts Receivable

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0.21

0.70

0.61

1.14

1.20

Nextleaf Solutions Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Accounts Receivable	Get a 7-Day Free Trial															1.73	1.92	1.49	1.20	1.30

Nextleaf Solutions Accounts Receivable Calculation

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

Nextleaf Solutions 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.

Nextleaf Solutions's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.295	/	2.026	*	91
=	58.33

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

Nextleaf Solutions's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(0.253	+	0.75 * 1.295	+	0.5 * 2.082	-	2.428
-	0	-	0)	/	166.334
=	-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.

Nextleaf Solutions Accounts Receivable Related Terms

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Nextleaf Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Nextleaf Solutions Ltd (OTCPK:OILFF) » Definitions » Accounts Receivable

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OILS:Canada

Address

68 Schooner Street, Suite 3, Coquitlam, BC, CAN, V3B 7B1

Website

https://www.nextleafsolutions.com

Nextleaf Solutions Ltd is is a Canadian cannabis extractor and processor, with a focus on developing intellectual property for the extraction, distillation formulation, and delivery of cannabinoids. The Company has a single reportable segment being the provision of goods and services to the cannabis industry in Canada. All the Company's revenues are generated in Canada. Revenue from sale of goods and services includes sales of bulk distillate, branded (Glacial Gold) vape pens, oils, and softgels (branded extract products), and private label which includes toll processing and other services. Majority being from Branded extract products.