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The Western Investment Co of Canada (TSXV:WI) Accounts Receivable : C$0.01 Mil (As of Sep. 2024)


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What is The Western Investment Co of Canada Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. The Western Investment Co of Canada's accounts receivables for the quarter that ended in Sep. 2024 was C$0.01 Mil.

Accounts receivable can be measured by Days Sales Outstanding. The Western Investment Co of Canada's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 21.61.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. The Western Investment Co of Canada's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was C$-0.24.


The Western Investment Co of Canada Accounts Receivable Historical Data

The historical data trend for The Western Investment Co of Canada'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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The Western Investment Co of Canada Accounts Receivable Chart

The Western Investment Co of Canada Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only - - - - 0.01

The Western Investment Co of Canada Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.01 0.01 0.01 0.01

The Western Investment Co of Canada Accounts Receivable Calculation

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


The Western Investment Co of Canada 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.

The Western Investment Co of Canada's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.009/0.038*91
=21.61

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

The Western Investment Co of Canada's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(0.006+0.75 * 0.009+0.5 * 0-8.221
-0-0)/34.148
=-0.24

* 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.


The Western Investment Co of Canada Accounts Receivable Related Terms

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The Western Investment Co of Canada Business Description

Traded in Other Exchanges
Address
6 West Coach Place SW, Calgary, AB, CAN, T1V 2A7
The Western Investment Co of Canada Ltd is a Canada-based investment company. Its purpose is to create long-term wealth for shareholders by building and maintaining a portfolio of stable and profitable Western-based companies and helping them to grow and prosper. The company's plan of action is to acquire a diversified portfolio of established Western Canadian private businesses and create value through the identification, acquisition, and long-term ownership of private businesses with sustained cash flows and potential for organic growth.
Executives
Scott Tannas Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Stacey Cross Senior Officer
Shafeen Ashraf Mawani Senior Officer
Jennie Polyxeni Moushos Director
James Francis Dinning Director

The Western Investment Co of Canada Headlines

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