Planet Based Foods Global (XCNQ:PBF) Accounts Receivable : C$0.04 Mil (As of Sep. 2023)

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What is Planet Based Foods Global Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Planet Based Foods Global's accounts receivables for the quarter that ended in Sep. 2023 was C$0.04 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Planet Based Foods Global's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 45.63.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Planet Based Foods Global's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was C$-0.11.

Planet Based Foods Global Accounts Receivable Historical Data

The historical data trend for Planet Based Foods Global'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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Planet Based Foods Global Accounts Receivable Chart

Planet Based Foods Global Annual Data

Trend

Dec21

Dec22

Accounts Receivable

0.01

0.34

Planet Based Foods Global Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Receivable	Get a 7-Day Free Trial			0.02	0.34	0.08	0.04	0.04

Planet Based Foods Global Accounts Receivable Calculation

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

Planet Based Foods Global 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.

Planet Based Foods Global's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.038	/	0.076	*	91
=	45.63

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

Planet Based Foods Global's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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	+	0.75 * 0.038	+	0.5 * 0.387	-	1.426
-	0	-	0)	/	11.1471
=	-0.11

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.

Planet Based Foods Global Accounts Receivable Related Terms

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Planet Based Foods Global (XCNQ:PBF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Planet Based Foods Global Inc (XCNQ:PBF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

PBFFF:USA AZ00:Germany

Address

1055 West Hastings Street, Suite 2250, Vancouver, BC, CAN, V6E 2E9

Website

https://www.planetbasedfoods.com

Planet Based Foods Global Inc is focused on producing natural, low processed, and nutritional choices that are better for people and the planet. The Company currently offers vegan meat alternatives derived from hemp proteins including burgers, breakfast sausages, burger crumbles, and sausage crumbles.