SOL Global Investments (XCNQ:SOL) Change In Receivables : C$-1.53 Mil (TTM As of Aug. 2024)

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What is SOL Global Investments Change In Receivables?

SOL Global Investments's change in receivables for the quarter that ended in Aug. 2024 was C$0.10 Mil. It means SOL Global Investments's Accounts Receivable declined by C$0.10 Mil from May. 2024 to Aug. 2024 .

SOL Global Investments's change in receivables for the fiscal year that ended in Nov. 2023 was C$-1.62 Mil. It means SOL Global Investments's Accounts Receivable increased by C$1.62 Mil from Nov. 2022 to Nov. 2023 .

SOL Global Investments'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.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. SOL Global Investments's liquidation value for the three months ended in Aug. 2024 was C$-77.45 Mil.

SOL Global Investments Change In Receivables Historical Data

The historical data trend for SOL Global Investments'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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SOL Global Investments Change In Receivables Chart

SOL Global Investments Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Mar18

Mar19

Nov20

Nov21

Nov22

Nov23

Change In Receivables

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-1.18

15.91

-1.54

0.09

-1.62

SOL Global Investments Quarterly Data
	Sep19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Change In Receivables	Get a 7-Day Free Trial															0.10	0.14	0.03	-1.80	0.10

SOL Global Investments 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 quarterly data reported by the company within the most recent 12 months, which was C$-1.53 Mil.

SOL Global Investments (XCNQ:SOL) 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.

SOL Global Investments'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	/	-3.565	*	91
=

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

SOL Global Investments'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)
=	0.025	-	77.476	+	0.75 * 0	+	0.5 * 0
=	-77.45

SOL Global Investments Change In Receivables Related Terms

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SOL Global Investments Business Description

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SOLCF:USA 9SB:Germany

Address

100 King Street West, Suite 5600, Toronto, ON, CAN, M5X 1C9

Website

https://www.solglobal.com

SOL Global Investments Corp is a cannabis company with a focus on legal U.S. states. Its strategic investments and partnerships across cultivation, distribution and retail complement the company's R&D program with the University of Miami. It is also involved in Retail, Agriculture, Quick Service Restaurants & Hospitality, Media Technology & Gaming, Energy and New Age Wellness.

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