CubicFarm Systems (TSXV:CUB) Change In Receivables : C$1.19 Mil (TTM As of Sep. 2023)

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What is CubicFarm Systems Change In Receivables?

CubicFarm Systems's change in receivables for the quarter that ended in Sep. 2023 was C$-0.13 Mil. It means CubicFarm Systems's Accounts Receivable increased by C$0.13 Mil from Jun. 2023 to Sep. 2023 .

CubicFarm Systems's change in receivables for the fiscal year that ended in Dec. 2022 was C$-0.46 Mil. It means CubicFarm Systems's Accounts Receivable increased by C$0.46 Mil from Dec. 2021 to Dec. 2022 .

CubicFarm Systems's Accounts Receivable for the quarter that ended in Sep. 2023 was C$0.47 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. CubicFarm Systems's Days Sales Outstanding for the three months ended in Sep. 2023 was 728.45.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. CubicFarm Systems's liquidation value for the three months ended in Sep. 2023 was C$-31.54 Mil.

CubicFarm Systems Change In Receivables Historical Data

The historical data trend for CubicFarm Systems'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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CubicFarm Systems Change In Receivables Chart

CubicFarm Systems Annual Data

Trend

Jun18

Jun19

Jun20

Dec21

Dec22

Change In Receivables

-0.01

-1.68

-1.69

-1.11

-0.46

CubicFarm Systems Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Receivables	Get a 7-Day Free Trial															-0.55	0.46	-0.43	1.30	-0.13

CubicFarm Systems 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$1.19 Mil.

CubicFarm Systems (TSXV:CUB) 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.

CubicFarm Systems's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.471	/	0.059	*	91
=	728.45

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

CubicFarm Systems's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.582	-	37.263	+	0.75 * 0.471	+	0.5 * 9.568
=	-31.54

CubicFarm Systems Change In Receivables Related Terms

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CubicFarm Systems (TSXV:CUB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » CubicFarm Systems Corp (TSXV:CUB) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

CUBXD:USA

Address

7170 Glover Road, Langley, BC, CAN, V2Y 2R1

Website

https://www.cubicfarms.com

CubicFarm Systems Corp is an ag-tech company providing automated growing systems for fresh produce and animal feed using HydroGreen Nutrition Technology. It offers turnkey, commercial scale, hydroponic, localized food supply solution automated controlled-environment growing systems that can grow predictably and sustainably anywhere on earth. The company enables its customers to grow locally and to provide their markets with safe, sustainable, secure, and fresh ingredients that are consistent in color, size, taste, and nutrition and allows for longer shelf life. The Company has patented technology for auto harvesting and processing methods for growing leafy greens and other crops onsite, indoors, all year round.

Executives

Ospraie Ag Science Llc

10% Security Holder