VGFCQ (The Very Good Food Co) Change In Receivables: $0.15 Mil (TTM As of Sep. 2022)


VGFCQ The Very Good Food Co Inc VGFCQ
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What is The Very Good Food Co Change In Receivables?

The Very Good Food Co VGFCQ -99.98% 12 Change In Receivables is $0.15 Mil as of Sep. 2022. GuruFocus rates VGFCQ with a GF Score™ of 12/100.

The Very Good Food Co's change in receivables for the quarter that ended in Sep. 2022 was $-0.38 Mil. It means The Very Good Food Co's Accounts Receivable increased by $0.38 Mil from Jun. 2022 to Sep. 2022 .

The Very Good Food Co's change in receivables for the fiscal year that ended in Dec. 2021 was $-1.26 Mil. It means The Very Good Food Co's Accounts Receivable increased by $1.26 Mil from Dec. 2020 to Dec. 2021 .

The Very Good Food Co's Accounts Receivable for the quarter that ended in Sep. 2022 was $0.78 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. The Very Good Food Co's Days Sales Outstanding for the three months ended in Sep. 2022 was 53.77.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. The Very Good Food Co's liquidation value for the three months ended in Sep. 2022 was $-18.96 Mil.

The Very Good Food Co  (OTCPK:VGFCQ) 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.

The Very Good Food Co's Days Sales Outstanding for the quarter that ended in Sep. 2022 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.776/1.317*91
=53.77

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

The Very Good Food Co's liquidation value for the quarter that ended in Sep. 2022 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.531-23.476+0.75 * 0.776+0.5 * 6.805
=-18.96

* 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.

The Very Good Food Co Change In Receivables Related Terms

The Very Good Food Co Change In Receivables Historical Data

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The historical data trend for The Very Good 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.

The Very Good Food Co Change In Receivables Chart

The Very Good Food Co Annual Data
Trend Dec19 Dec20 Dec21
Change In Receivables
-0.04 -0.28 -1.26

The Very Good Food Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 -0.20 -0.34 0.27 0.60 -0.38
VGFCQ
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The Very Good Food Co Inc VGFCQ
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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The Very Good 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 Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.15 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.

Frequently Asked Questions Learn more about Change In Receivables →
What does a Change In Receivables of $0.15 Mil mean?
The Very Good Food Co (VGFCQ) has a Change In Receivables of $0.15 Mil as of Sep. 2022. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for The Very Good Food Co and its competitors.
Is The Very Good Food Co's Change In Receivables too high?
The Very Good Food Co's current Change In Receivables is $0.15 Mil. Overall, The Very Good Food Co has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does The Very Good Food Co's Change In Receivables compare to KHC and GIS?
The Very Good Food Co's Change In Receivables of $0.15 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Receivables for a Consumer Packaged Goods company?
A good Change In Receivables depends on the Consumer Packaged Goods industry context. However, Change In Receivables should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Receivables mean?
A high Change In Receivables can signal that a stock is expensive relative to its fundamentals. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for The Very Good Food Co and its competitors. The Very Good Food Co's current Change In Receivables is $0.15 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Very Good Food Co stock overvalued right now?
The Very Good Food Co (VGFCQ) has a current Change In Receivables of $0.15 Mil. The current Change In Receivables is $0.15 Mil. The Very Good Food Co's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Receivables calculated?
Change In Receivables is calculated from a company's financial statements. For The Very Good Food Co (VGFCQ), the current Change In Receivables is $0.15 Mil as of Sep. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

The Very Good Food Co Business Description

Address 2748 Rupert Street, Vancouver, BC, CAN, M4W 3P4
The Very Good Food Co Inc operates in the food industry. The company is a food technology company that designs, develops, produces, distributes, and sells a variety of plant-based meat and other food alternatives.
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Change In Receivables is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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