Nova Cannabis (FRA:2LK) Change In Receivables : €-3.5 Mil (TTM As of Mar. 2024)

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What is Nova Cannabis Change In Receivables?

Nova Cannabis's change in receivables for the quarter that ended in Mar. 2024 was €-0.3 Mil. It means Nova Cannabis's Accounts Receivable increased by €0.3 Mil from Dec. 2023 to Mar. 2024 .

Nova Cannabis's change in receivables for the fiscal year that ended in Dec. 2023 was €-3.0 Mil. It means Nova Cannabis's Accounts Receivable increased by €3.0 Mil from Dec. 2022 to Dec. 2023 .

Nova Cannabis's Accounts Receivable for the quarter that ended in Mar. 2024 was €4.3 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. Nova Cannabis's Days Sales Outstanding for the three months ended in Mar. 2024 was 8.95.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Nova Cannabis's liquidation value for the three months ended in Mar. 2024 was €-32.2 Mil.

Nova Cannabis Change In Receivables Historical Data

The historical data trend for Nova 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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Nova Cannabis Change In Receivables Chart

Nova Cannabis Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-0.10

0.03

-0.52

-0.11

-2.99

Nova Cannabis Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial												0.10	-0.92	-1.33	-0.87	-0.33

Nova 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-3.5 Mil.

Nova Cannabis (FRA:2LK) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.283	/	43.673	*	91
=	8.95

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

Nova Cannabis's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	9.658	-	50.76	+	0.75 * 4.283	+	0.5 * 11.441
=	-32.2

Nova Cannabis Change In Receivables Related Terms

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Nova Cannabis (FRA:2LK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Nova Cannabis Inc (FRA:2LK) » Definitions » Change In Receivables

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NVACF:USA NOVC:Canada

Address

101, 17220 Stony Plain Road NW, Edmonton, AB, CAN, T5S 1K6

Website

https://www.novacannabisstore.com

Nova Cannabis Inc is engaged in the operation of retail cannabis stores in Canada. It operates approximately 88 retail cannabis stores in Alberta, 16 in Ontario, and one in Saskatchewan. Some of its brands are Value Buds and Sweet Tree Cannabis Co. The company's products include Dried flowers, Pre-rolls, Candy and Cartridges, among others.

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