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Westbridge Renewable Energy (TSXV:WEB) Change In Receivables : C$0.13 Mil (TTM As of Feb. 2024)


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What is Westbridge Renewable Energy Change In Receivables?

Westbridge Renewable Energy's change in receivables for the quarter that ended in Feb. 2024 was C$0.13 Mil. It means Westbridge Renewable Energy's Accounts Receivable declined by C$0.13 Mil from Nov. 2023 to Feb. 2024 .

Westbridge Renewable Energy's change in receivables for the fiscal year that ended in Nov. 2023 was C$-1.31 Mil. It means Westbridge Renewable Energy's Accounts Receivable increased by C$1.31 Mil from Nov. 2022 to Nov. 2023 .

Westbridge Renewable Energy's Accounts Receivable for the quarter that ended in Feb. 2024 was C$0.76 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.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Westbridge Renewable Energy's liquidation value for the three months ended in Feb. 2024 was C$-7.71 Mil.

Westbridge Renewable Energy Change In Receivables Historical Data

The historical data trend for Westbridge Renewable Energy'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.

Westbridge Renewable Energy Change In Receivables Chart

Westbridge Renewable Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Nov21 Nov22 Nov23
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - -0.02 -0.07 -1.31

Westbridge Renewable Energy Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 -1.31 1.12 -0.95 -0.17 0.13

Westbridge Renewable Energy 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$0.13 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.

Westbridge Renewable Energy  (TSXV:WEB) 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.

Westbridge Renewable Energy's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.756/0*91
=

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

Westbridge Renewable Energy'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)
=30.911-39.19+0.75 * 0.756+0.5 * 0
=-7.71

* 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.

Westbridge Renewable Energy Change In Receivables Related Terms

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Westbridge Renewable Energy (TSXV:WEB) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Westbridge Renewable Energy Corp (TSXV:WEB) » Definitions » Change In Receivables
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Traded in Other Exchanges
WEGYF:USA
Address
800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6
Website
https://www.westbridge.energy
Westbridge Renewable Energy Corp is focused on delivering attractive, long-term returns by identifying, originating, and developing a global portfolio of renewable assets for investors and utilities. It develops best-in-class, utility-scale solar PV projects. It is turning green fields and the power of the sun into a reliable, sustainable flow of energy.
Executives
Pandelis Vassilakakis Senior Officer