Canyon Creek Food Co (TSXV:CYF) Change In Receivables : C$0.06 Mil (TTM As of Feb. 2024)

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What is Canyon Creek Food Co Change In Receivables?

Canyon Creek Food Co's change in receivables for the quarter that ended in Feb. 2024 was C$0.15 Mil. It means Canyon Creek Food Co's Accounts Receivable declined by C$0.15 Mil from Nov. 2023 to Feb. 2024 .

Canyon Creek Food Co's change in receivables for the fiscal year that ended in May. 2023 was C$-0.10 Mil. It means Canyon Creek Food Co's Accounts Receivable increased by C$0.10 Mil from May. 2022 to May. 2023 .

Canyon Creek Food Co's Accounts Receivable for the quarter that ended in Feb. 2024 was C$0.75 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. Canyon Creek Food Co's Days Sales Outstanding for the three months ended in Feb. 2024 was 12.21.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Canyon Creek Food Co's liquidation value for the three months ended in Feb. 2024 was C$-44.11 Mil.

Canyon Creek Food Co Change In Receivables Historical Data

The historical data trend for Canyon Creek Food Co'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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Canyon Creek Food Co Change In Receivables Chart

Canyon Creek Food Co Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Change In Receivables

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-0.16

0.03

-0.11

-0.05

-0.10

Canyon Creek Food Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Receivables	Get a 7-Day Free Trial															-0.18	0.39	-0.27	-0.21	0.15

Canyon Creek Food Co 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.06 Mil.

Canyon Creek Food Co (TSXV:CYF) 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.

Canyon Creek Food Co's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.749	/	5.598	*	91
=	12.21

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

Canyon Creek Food Co's liquidation value for the quarter that ended in Feb. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.002	-	45.298	+	0.75 * 0.749	+	0.5 * 1.251
=	-44.11

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Canyon Creek Food Co (TSXV:CYF) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Canyon Creek Food Co Ltd (TSXV:CYF) » Definitions » Change In Receivables

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Address

8704 - 53rd Avenue, Edmonton, AB, CAN, T6E 5G2

Website

http://www.canyoncreekfood.com

Canyon Creek Food Co Ltd is a food processing company based in Edmonton, Alberta providing fresh soups and other prepared food products for the health-conscious consumer. The company's product offerings include fresh sauces, gravies, mash potatoes, stews and chillies, and others. It provides its fresh food product line to both grocery retailers and a broad range of food service establishments, such as restaurants and institutions throughout Canada. Geographically it caters to Canada and USA and earns key revenue from Canada.

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