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Beyond Oil (XCNQ:BOIL) Accounts Receivable : C$0.02 Mil (As of Mar. 2024)


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What is Beyond Oil Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Beyond Oil's accounts receivables for the quarter that ended in Mar. 2024 was C$0.02 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Beyond Oil's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 8.11.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Beyond Oil's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was C$-0.02.


Beyond Oil Accounts Receivable Historical Data

The historical data trend for Beyond Oil'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.

Beyond Oil Accounts Receivable Chart

Beyond Oil Annual Data
Trend Dec21 Dec22 Dec23
Accounts Receivable
- - -

Beyond Oil Quarterly Data
Jun20 Sep20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
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 - 0.01 0.01 - 0.02

Beyond Oil Accounts Receivable Calculation

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


Beyond Oil 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.

Beyond Oil's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.016/0.18*91
=8.11

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

Beyond Oil's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=(1.692+0.75 * 0.016+0.5 * 0.468-1.845
-0-1.245)/55.9815
=-0.02

* 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.


Beyond Oil Accounts Receivable Related Terms

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Beyond Oil (XCNQ:BOIL) Business Description

Traded in Other Exchanges
Address
1208 Rosewood Crescent, North Vancouver, Vancouver, BC, CAN, V7P1H4
Beyond Oil Ltd is a food-tech company that has developed a solution to reduce free fatty acid from oil while preserving the oil's quality and nutritional value. The company develops products that extend the usable life of frying oil improve food quality and reduce frying oil costs. It offers FryDay which is an active filter powder that eliminates harmful Free Fatty Acids (FFA) generated in the oil.
Executives
Robert Jalun Kiesman Director, Senior Officer
Jonathan Or Director, Senior Officer

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