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SolarBank (NEOE:SUNN) Change In Receivables : C$1.91 Mil (TTM As of Mar. 2024)


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What is SolarBank Change In Receivables?

SolarBank's change in receivables for the quarter that ended in Mar. 2024 was C$2.94 Mil. It means SolarBank's Accounts Receivable declined by C$2.94 Mil from Dec. 2023 to Mar. 2024 .

SolarBank's change in receivables for the fiscal year that ended in Jun. 2023 was C$-9.91 Mil. It means SolarBank's Accounts Receivable increased by C$9.91 Mil from Jun. 2022 to Jun. 2023 .

SolarBank's Accounts Receivable for the quarter that ended in Mar. 2024 was C$3.34 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. SolarBank's Days Sales Outstanding for the three months ended in Mar. 2024 was 12.66.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. SolarBank's liquidation value for the three months ended in Mar. 2024 was C$0.59 Mil.


SolarBank Change In Receivables Historical Data

The historical data trend for SolarBank'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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SolarBank Change In Receivables Chart

SolarBank Annual Data
Trend Jun22 Jun23
Change In Receivables
4.07 -9.91

SolarBank Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.56 -4.90 -1.71 5.58 2.94

SolarBank 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 C$1.91 Mil.

* 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.


SolarBank  (NEOE:SUNN) 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=3.339/24.075*91
=12.66

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

SolarBank'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)
=8.811-12.114+0.75 * 3.339+0.5 * 2.775
=0.59

* 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.


SolarBank Change In Receivables Related Terms

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SolarBank (NEOE:SUNN) Business Description

Traded in Other Exchanges
Address
505 Consumers Road, Suite 803, Toronto, ON, CAN, M2J 4Z2
SolarBank Corp is an independent renewable and clean energy project developer and asset operator based in Canada and the United States. It is engaged in the development and operation of solar photovoltaic power generation projects in the province of Ontario and the state of New York. The company operates in two principal geographical areas - Canada and United States with a substantial portion of its overall revenue being generated from United States.
Executives
Xiaohong Zheng Senior Officer

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