Taat Lifestyle & Wellness Ltd. C.TAAT

Receivables Note 5

[synectix]

Indicates to me that they are either extremely slow or having trouble collecting...

RECEIVABLES
January 31, 2022      $1,962,551

October 31, 2021       $1,859,748

[TAATsandKOOKs]

This post has been removed in accordance with Community Policy

[synectix]

YEP

[Galition]

Haha you,just exposed yourself with that post. Which SHORTY # WOULD YOU LIKE TO BE?

[ReaIInvestorII]

In 2021 the problem was that they were giving very generous payment terms to purchasers plus they were giving a lot of product away cheap or free.   I suspect some of the AR will carried on the books for a long time and then eventually be written down or off.  It is easy to build revenues when the customers don't have to pay full price for the products. This company is one

[HellllllIYup]

This post has been removed in accordance with Community Policy

[Galition]

GOOD MORNING SHORTIES!!!

[TAAT2022]

AR is never static.You procure your accounting degree off the back of a pack of matches?

[GumShoeMan]

Actually AR is static at the time the financial statements are crysyalized at the end of each Quarter.  For the purpose of any discussions here posters can only know the actual AR numbers that are stated in the financial statements.  Any other numbers are guesses unless you get information from an insider which is a no-no. Stop being so dumb.  I can't waste any more time

[ReaIInvestorII]

Here's some interesting facts from the Audited Financial Statements: RECEIVABLES January 31, 2022      $1,962,551   AR =  $1,094,676 more than 6 months revenues of $867,875 October 31, 2021       $1,859,748  AR =   $156,297 more than 6 months revenues of $1,703,451 Three months worth of receivables is

[Galition]

Thanks for the info SHORTY!!