GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CordovaCann Corp (XCNQ:CDVA) » Definitions » Change In Receivables

CordovaCann (XCNQ:CDVA) Change In Receivables : C$0.11 Mil (TTM As of Jun. 2023)


View and export this data going back to 2018. Start your Free Trial

What is CordovaCann Change In Receivables?

CordovaCann's change in receivables for the quarter that ended in Jun. 2023 was C$0.11 Mil. It means CordovaCann's Accounts Receivable declined by C$0.11 Mil from Jun. 2022 to Jun. 2023 .

CordovaCann's change in receivables for the fiscal year that ended in Jun. 2023 was C$0.11 Mil. It means CordovaCann's Accounts Receivable declined by C$0.11 Mil from Jun. 2022 to Jun. 2023 .

CordovaCann's Accounts Receivable for the quarter that ended in Jun. 2023 was C$0.05 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. CordovaCann's Days Sales Outstanding for the six months ended in Jun. 2023 was 0.63.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. CordovaCann's liquidation value for the six months ended in Jun. 2023 was C$-10.55 Mil.


CordovaCann Change In Receivables Historical Data

The historical data trend for CordovaCann'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.

CordovaCann Change In Receivables Chart

CordovaCann Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only - -0.03 0.12 -0.25 0.11

CordovaCann Semi-Annual Data
Jun04 Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
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 - -0.03 0.12 -0.25 0.11

CordovaCann 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Receivables for the trailing twelve months (TTM) ended in Jun. 2023 was C$0.11 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.


CordovaCann  (XCNQ:CDVA) 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.

CordovaCann's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.047/13.595*91
=0.63

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

CordovaCann's liquidation value for the quarter that ended in Jun. 2023 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.248-11.291+0.75 * 0.047+0.5 * 0.919
=-10.55

* 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.


CordovaCann Change In Receivables Related Terms

Thank you for viewing the detailed overview of CordovaCann's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.


CordovaCann (XCNQ:CDVA) Business Description

Traded in Other Exchanges
Address
217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V0R2
CordovaCann Corp is a Canadian-domiciled company focused on building a diversified cannabis company. The company provides services and investment capital to the processing and production of vertical markets of the cannabis industry.
Executives
Benjamin Thomas Higham Director

CordovaCann (XCNQ:CDVA) Headlines

No Headlines