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Pineapple Financial (Pineapple Financial) Accounts Receivable : $0.69 Mil (As of Feb. 2024)


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What is Pineapple Financial Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Pineapple Financial's accounts receivables for the quarter that ended in Feb. 2024 was $0.69 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Pineapple Financial's Days Sales Outstanding for the quarter that ended in Feb. 2024 was 80.21.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Pineapple Financial's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was $-0.11.


Pineapple Financial Accounts Receivable Historical Data

The historical data trend for Pineapple Financial'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.

Pineapple Financial Accounts Receivable Chart

Pineapple Financial Annual Data
Trend Aug21 Aug22 Aug23
Accounts Receivable
- 0.03 0.76

Pineapple Financial Quarterly Data
Aug21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.74 0.67 0.76 0.87 0.69

Pineapple Financial Accounts Receivable Calculation

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


Pineapple Financial 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.

Pineapple Financial's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.69/0.785*91
=80.21

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

Pineapple Financial's Net-Net Working Capital Per Share for the quarter that ended in Feb. 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)
=(1.34+0.75 * 0.69+0.5 * 0-2.623
-0-0)/7.18198
=-0.11

* 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.


Pineapple Financial Accounts Receivable Related Terms

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Pineapple Financial (Pineapple Financial) Business Description

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Traded in Other Exchanges
N/A
Address
111 Gordon Baker Road, Unit 200, North York, Toronto, ON, CAN, M2H 3R1
Pineapple Financial Inc is a Canada-based mortgage technology and brokerage company that provides mortgage brokerage services and technology solutions to Canadian mortgage agents, brokers, sub-brokers, brokerages, and consumers. Through its data-driven systems together with cloud-based tools, it offers advantages in the Canadian mortgage industry relative to alternative mortgage broker arrangements and also provides back office services.