Verde AgriTech Ltd. T.NPK

Alternate Symbol(s): VNPKF

Chemicals Basic Materials

Verde AgriTech Ltd is an agricultural technology company that produces potash fertilizers. The principal activity of the Company is the production and sale of a multinutrient potassium fertilizer marketed in Brazil under the brands K Forte and BAKS, and internationally as Super Greensand (the Product). K Forte is a potash fertilizer that is a source of potassium, silicon, and magnesium and micronutrients. BAKS is a combination of K Forte plus three other nutrients that can be chosen by customers according to their crops’ needs. It mines and processes its main feedstock from its 100% owned mineral properties, then sells and distributes the Product. Its Cerrado Verde Project is located in Minas Gerais state, Brazil, which is a potassium-rich deposit, from which it is producing solutions for crop nutrition, crop protection, soil improvement, and increased sustainability. Its technologies are Cambridge Tech, 3D Alliance, MicroS Technology, N Keeper, and Bio Revolution.

TSX:NPK - Post by User

Verde AgriTech Ltd. > Try to post that news report. Hope I works

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Comment by Benedictuson Apr 01, 2022 12:24am

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Post# 34565732

RE:RE:Try to post that news report. Hope I works

kidsactuator wrote:
Summary:

They have a lot of receivables yet to get turned into cash, so their net income is much higher than free cash flow. This gives them a high accrual ratio which an academic said is bad.

It's pretty typical for farmers to pay after harvest. I'm sure the delinquency rate is pretty low so I don't think this really matters. Another example of how blindly applying academic theories to stock picking is nonsense. It's an art not a science lol

Good point! From the Q3 call, they confirmed 70% of receivables will be in treasury by end of Q1 and the delinquency/overdue rate was 0.5%.

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