SMFL (Smart for Life) Accounts Receivable : $0.07 Mil (As of Dec. 2023)

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What is Smart for Life Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Smart for Life's accounts receivables for the quarter that ended in Dec. 2023 was $0.07 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Smart for Life's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 8.12.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Smart for Life's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-221.28.

Smart for Life Accounts Receivable Historical Data

The historical data trend for Smart for Life'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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Smart for Life Accounts Receivable Chart

Smart for Life Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

0.03

0.07

0.39

0.54

0.07

Smart for Life Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial										0.54	0.28	0.52	0.41	0.07

Smart for Life Accounts Receivable Calculation

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

Smart for Life 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.

Smart for Life's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.07	/	0.787	*	91
=	8.12

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

Smart for Life's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(0.189	+	0.75 * 0.07	+	0.5 * 1.243	-	26.047
-	0	-	0)	/	0.11381
=	-221.28

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.

Smart for Life Accounts Receivable Related Terms

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Smart for Life Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Smart for Life Inc (OTCPK:SMFL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

990 Biscayne Boulevard, Suite 505, Miami, FL, USA, 33132

Website

https://www.smartforlifecorp.com

Smart for Life Inc is engaged in the development, marketing, manufacturing, acquisition, operation and sale of a broad spectrum of nutritional and related products with an emphasis on health and wellness. It generates revenues by manufacturing and packaging nutraceutical products as a contract manufacturer for customers.

Executives

Trilogy Capital Group, Llc	10 percent owner	10575 NW 37 TERRACE, MIAMI FL 33178
Cervantes Alfonso J. Jr	director, 10 percent owner, officer: Executive Chairman	C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132
Arthur S Reynolds	director
Ronald S. Altbach	director	C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132
Richard M Cohen	director	C/O CARNEGIE INTERNATIONAL CORP, 11350 MCCORMICK ROAD EXECUTIVE PLAZA #3, HUNT VALLEY MD 21031
Darren C. Minton	director, 10 percent owner, officer: President	C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132
Ryan F. Zackon	director, officer: Chief Executive Officer	C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132
Alan B. Bergman	officer: Chief Financial Officer	C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132
Robert S. Rein	director	C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132
Wood Roger Conley	director	C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132