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EverGen Infrastructure (TSXV:EVGN) Accounts Receivable : C$1.57 Mil (As of Dec. 2023)


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What is EverGen Infrastructure Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. EverGen Infrastructure's accounts receivables for the quarter that ended in Dec. 2023 was C$1.57 Mil.

Accounts receivable can be measured by Days Sales Outstanding. EverGen Infrastructure's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 61.91.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. EverGen Infrastructure's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was C$-2.62.


EverGen Infrastructure Accounts Receivable Historical Data

The historical data trend for EverGen Infrastructure'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.

EverGen Infrastructure Accounts Receivable Chart

EverGen Infrastructure Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Accounts Receivable
1.07 2.05 1.33 1.57

EverGen Infrastructure Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.33 1.42 1.49 1.69 1.57

EverGen Infrastructure Accounts Receivable Calculation

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


EverGen Infrastructure 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1.57/2.314*91
=61.91

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

EverGen Infrastructure'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)
=(0.585+0.75 * 1.57+0.5 * 0-35.955
-0-2.257)/13.897
=-2.62

* 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.


EverGen Infrastructure Accounts Receivable Related Terms

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EverGen Infrastructure (TSXV:EVGN) Business Description

Traded in Other Exchanges
Address
1050 Homer Street, Suite 390, Vancouver, BC, CAN, V6B 2W9
EverGen Infrastructure Corp is focused on combating climate change and helping communities contribute to a carbon-free future to develop a Renewable Natural Gas Infrastructure Platform, starting on the West Coast of Canada in British Columbia. The company is established to acquire, develop, build, own and operate a portfolio of renewable natural gas, waste-to-energy, and related infrastructure projects.