Solar Foods Oyj (FRA:H4N) Change In Receivables : €-5.61 Mil (TTM As of Dec. 2023)

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What is Solar Foods Oyj Change In Receivables?

Solar Foods Oyj's change in receivables for the quarter that ended in Dec. 2023 was €-5.61 Mil. It means Solar Foods Oyj's Accounts Receivable increased by €5.61 Mil from Dec. 2022 to Dec. 2023 .

Solar Foods Oyj's change in receivables for the fiscal year that ended in Dec. 2023 was €-5.61 Mil. It means Solar Foods Oyj's Accounts Receivable increased by €5.61 Mil from Dec. 2022 to Dec. 2023 .

Solar Foods Oyj's Accounts Receivable for the quarter that ended in Dec. 2023 was €0.00 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. Solar Foods Oyj's Days Sales Outstanding for the six months ended in Dec. 2023 was 0.19.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Solar Foods Oyj's liquidation value for the six months ended in Dec. 2023 was €-11.85 Mil.

Solar Foods Oyj Change In Receivables Historical Data

The historical data trend for Solar Foods Oyj'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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Solar Foods Oyj Change In Receivables Chart

Solar Foods Oyj Annual Data

Trend

Dec21

Dec22

Dec23

Change In Receivables

-0.70

-5.61

Solar Foods Oyj Semi-Annual Data
	Dec21	Dec22	Dec23
Change In Receivables	-	-0.70	-5.61

Solar Foods Oyj 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 was €-5.61 Mil.

Solar Foods Oyj (FRA:H4N) 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.

Solar Foods Oyj's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.003	/	2.951	*	91
=	0.19

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

Solar Foods Oyj's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	16.387	-	28.244	+	0.75 * 0.003	+	0.5 * 0
=	-11.85

Solar Foods Oyj Change In Receivables Related Terms

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Solar Foods Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Solar Foods Oyj (FRA:H4N) » Definitions » Change In Receivables

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SFOODS:Finland

Address

Bull run 11, Vantaa, FIN, 01730

Website

https://www.solarfoods.com

Solar Foods Oyj is a technology company that aims to commercialize food raw materials that nutritionally replace animal-based food and the patented technology platform used to produce them, hydrogen fermentation. Its first commercialized product is Solein, Solein is a protein-rich powder based on a single-celled microbe that occurs in nature. Solar Foods produces Solein as a food protein.

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