VGFCQ (The Very Good Food Co) Accounts Receivable: $0.78 Mil (As of Sep. 2022)

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VGFCQ The Very Good Food Co Inc VGFCQ
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What is The Very Good Food Co Accounts Receivable?

The Very Good Food Co VGFCQ -99.98% 12 Accounts Receivable is $0.78 Mil as of Sep. 2022. GuruFocus rates VGFCQ with a GF Score™ of 12/100.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. The Very Good Food Co's accounts receivables for the quarter that ended in Sep. 2022 was $0.78 Mil.

Accounts receivable can be measured by Days Sales Outstanding. The Very Good Food Co's Days Sales Outstanding for the quarter that ended in Sep. 2022 was 53.77.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. The Very Good Food Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2022 was $-0.14.

The Very Good Food Co 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 Very Good Food Co's Days Sales Outstanding for the quarter that ended in Sep. 2022 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.776/1.317*91
=53.77

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

The Very Good Food Co's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2022 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)
=(0.531+0.75 * 0.776+0.5 * 6.805-23.476
-0-0)/132.313
=-0.14

* 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 Very Good Food Co Accounts Receivable Related Terms

The Very Good Food Co Accounts Receivable Historical Data

* Premium members only.

The historical data trend for The Very Good Food Co'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.

The Very Good Food Co Accounts Receivable Chart

The Very Good Food Co Annual Data
Trend Dec19 Dec20 Dec21
Accounts Receivable
0.03 0.07 0.26

The Very Good Food Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 0.29 0.26 0.50 0.53 0.78
VGFCQ
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The Very Good Food Co Inc VGFCQ
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
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The Very Good Food Co Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of $0.78 Mil mean?
The Very Good Food Co (VGFCQ) has a Accounts Receivable of $0.78 Mil as of Sep. 2022. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on The Very Good Food Co and its competitors.
Is The Very Good Food Co's Accounts Receivable too high?
The Very Good Food Co's current Accounts Receivable is $0.78 Mil. Overall, The Very Good Food Co has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does The Very Good Food Co's Accounts Receivable compare to KHC and GIS?
The Very Good Food Co's Accounts Receivable of $0.78 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Consumer Packaged Goods company?
A good Accounts Receivable depends on the Consumer Packaged Goods industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on The Very Good Food Co and its competitors. The Very Good Food Co's current Accounts Receivable is $0.78 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Very Good Food Co stock overvalued right now?
The Very Good Food Co (VGFCQ) has a current Accounts Receivable of $0.78 Mil. The current Accounts Receivable is $0.78 Mil. The Very Good Food Co's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For The Very Good Food Co (VGFCQ), the current Accounts Receivable is $0.78 Mil as of Sep. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

The Very Good Food Co Business Description

Address 2748 Rupert Street, Vancouver, BC, CAN, M4W 3P4
The Very Good Food Co Inc operates in the food industry. The company is a food technology company that designs, develops, produces, distributes, and sells a variety of plant-based meat and other food alternatives.
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Accounts Receivable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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