Christina Lake Cannabis (Christina Lake Cannabis) Change In Receivables : $0.04 Mil (TTM As of Nov. 2023)

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What is Christina Lake Cannabis Change In Receivables?

Christina Lake Cannabis's change in receivables for the quarter that ended in Nov. 2023 was $0.40 Mil. It means Christina Lake Cannabis's Accounts Receivable declined by $0.40 Mil from Aug. 2023 to Nov. 2023 .

Christina Lake Cannabis's change in receivables for the fiscal year that ended in Nov. 2023 was $0.04 Mil. It means Christina Lake Cannabis's Accounts Receivable declined by $0.04 Mil from Nov. 2022 to Nov. 2023 .

Christina Lake Cannabis's Accounts Receivable for the quarter that ended in Nov. 2023 was $1.35 Mil.

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 Receivable are being managed. Christina Lake Cannabis's Days Sales Outstanding for the three months ended in Nov. 2023 was 59.32.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Christina Lake Cannabis's liquidation value for the three months ended in Nov. 2023 was $-2.06 Mil.

Christina Lake Cannabis Change In Receivables Historical Data

The historical data trend for Christina Lake Cannabis's Change In Receivables 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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Christina Lake Cannabis Change In Receivables Chart

Christina Lake Cannabis Annual Data

Trend

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Change In Receivables

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-0.13

0.08

-0.80

-0.62

0.04

Christina Lake Cannabis Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Change In Receivables	Get a 7-Day Free Trial															-0.14	0.51	-0.77	-0.10	0.40

Christina Lake Cannabis Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.04 Mil.

Christina Lake Cannabis (OTCPK:CLCFF) Change In Receivables 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 Receivable are being managed.

Christina Lake Cannabis's Days Sales Outstanding for the quarter that ended in Nov. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.347	/	2.072	*	91
=	59.32

2. In Ben Graham's calculation of liquidation value, Christina Lake Cannabis's accounts receivable are only considered to be worth 75% of book value:

Christina Lake Cannabis's liquidation value for the quarter that ended in Nov. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.071	-	6.202	+	0.75 * 1.347	+	0.5 * 4.126
=	-2.06

Christina Lake Cannabis Change In Receivables Related Terms

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Christina Lake Cannabis (Christina Lake Cannabis) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Christina Lake Cannabis Corp (OTCPK:CLCFF) » Definitions » Change In Receivables

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CLB:Germany CLC:Canada

Address

789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2

Website

https://www.christinalakecannabis.com

Christina Lake Cannabis Corp is a licensed producer of cannabis. The company cultivates cannabis using strains specifically developed for outdoor cultivation. It is a producer of high-quality, low-cost, sun-grown cannabis flower, oil cannabinoids and hemp-based extracts and derivatives, serving domestic and international markets.