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Solution Financial (TSX:SFI) Change In Receivables : C$-5.84 Mil (TTM As of Jan. 2024)


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What is Solution Financial Change In Receivables?

Solution Financial's change in receivables for the quarter that ended in Jan. 2024 was C$-0.31 Mil. It means Solution Financial's Accounts Receivable increased by C$0.31 Mil from Oct. 2023 to Jan. 2024 .

Solution Financial's change in receivables for the fiscal year that ended in Oct. 2023 was C$-7.42 Mil. It means Solution Financial's Accounts Receivable increased by C$7.42 Mil from Oct. 2022 to Oct. 2023 .

Solution Financial's Accounts Receivable for the quarter that ended in Jan. 2024 was C$0.21 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. Solution Financial's Days Sales Outstanding for the three months ended in Jan. 2024 was 6.24.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Solution Financial's liquidation value for the three months ended in Jan. 2024 was C$-13.87 Mil.


Solution Financial Change In Receivables Historical Data

The historical data trend for Solution Financial'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.

* Premium members only.

Solution Financial Change In Receivables Chart

Solution Financial Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.15 -0.16 -0.75 -12.68 -7.42

Solution Financial Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.90 -0.50 -1.55 -3.48 -0.31

Solution Financial 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-5.84 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.


Solution Financial  (TSX:SFI) 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.

Solution Financial's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.211/3.088*91
=6.24

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

Solution Financial's liquidation value for the quarter that ended in Jan. 2024 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.646-15.052+0.75 * 0.211+0.5 * 0.747
=-13.87

* 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.


Solution Financial Change In Receivables Related Terms

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Solution Financial (TSX:SFI) Business Description

Traded in Other Exchanges
Address
Unit 137 - 8680 Cambie Road, Richmond, BC, CAN, V6X 4K1
Solution Financial Inc is engaged in retail sales, leases, and financing for high-end automotive vehicles, ultra-luxury vehicles, boats, and commercial equipment. The firm generates the majority of its revenue through the sales and leases of vehicles.

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