BEST Venture Opportunities Fund (XCNQ:BVOF.A) Change In Receivables : C$0.13 Mil (TTM As of Aug. 2024)

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What is BEST Venture Opportunities Fund Change In Receivables?

BEST Venture Opportunities Fund's change in receivables for the quarter that ended in Aug. 2024 was C$0.01 Mil. It means BEST Venture Opportunities Fund's Accounts Receivable declined by C$0.01 Mil from Feb. 2024 to Aug. 2024 .

BEST Venture Opportunities Fund's change in receivables for the fiscal year that ended in Aug. 2024 was C$0.13 Mil. It means BEST Venture Opportunities Fund's Accounts Receivable declined by C$0.13 Mil from Aug. 2023 to Aug. 2024 .

BEST Venture Opportunities Fund's Accounts Receivable for the quarter that ended in Aug. 2024 was C$0.00 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. BEST Venture Opportunities Fund's Days Sales Outstanding for the six months ended in Aug. 2024 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. BEST Venture Opportunities Fund's liquidation value for the six months ended in Aug. 2024 was C$-0.04 Mil.

BEST Venture Opportunities Fund Change In Receivables Historical Data

The historical data trend for BEST Venture Opportunities Fund'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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BEST Venture Opportunities Fund Change In Receivables Chart

BEST Venture Opportunities Fund Annual Data

Trend

Aug21

Aug22

Aug23

Aug24

Change In Receivables

-0.10

0.08

0.13

BEST Venture Opportunities Fund Semi-Annual Data
	Aug21	Aug22	Feb23	Aug23	Feb24	Aug24
Change In Receivables	Get a 7-Day Free Trial			-	0.10	-0.02	0.13	0.01

BEST Venture Opportunities Fund 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 Aug. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was C$0.13 Mil.

BEST Venture Opportunities Fund (XCNQ:BVOF.A) 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.

BEST Venture Opportunities Fund's Days Sales Outstanding for the quarter that ended in Aug. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	0.356	*	91
=	0.00

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

BEST Venture Opportunities Fund's liquidation value for the quarter that ended in Aug. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	13.362	-	13.398	+	0.75 * 0	+	0.5 * 0
=	-0.04

BEST Venture Opportunities Fund Change In Receivables Related Terms

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BEST Venture Opportunities Fund Business Description

Industry

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Address

120 Adelaide Street West, Suite 2500, Toronto, ON, CAN, M5H 1T1

Website

http://www.bestfunds.ca

BEST Venture Opportunities Fund Inc is registered as a Labour Sponsored Investment Fund Corporation. The Fund seeks to achieve long-term capital appreciation by investing its assets in accordance with the requirements of the Community Small Business Investment Funds Act (Ontario) and the Income Tax Act (Canada). It diversifies its portfolio by investing in a variety of industries and stages of development including mature, expansion, acquisition, start-up and turnaround stages.

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