iFresh Inc. Receivables

Receivables of IFMK for past 10 years: annual, quarterly and twelve month trailing (TTM) including Receivables growth rates and interactive chart. Accounts receivable (AR) is the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers. Accounts receivables are listed on the balance sheet as a current asset. AR is any amount of money owed by customers for purchases made on credit. When a company makes a sale, it records revenues and a corresponding balance in accounts receivable. When an invoice is paid, the accounts payable account is reduced and cash is received. Receivables should grow in-line with revenue over time, if they are growing much faster, a company might be booking revenue too aggressively.

Highlights and Quick Summary

  • Receivables for the quarter ending December 30, 2020 was $7.39 Million (a 57.85% increase compared to previous quarter)
  • Year-over-year quarterly Receivables increased by 116.94%
  • Annual Receivables for 2020 was $3.41 Million (a -15.46% decrease from previous year)
  • Annual Receivables for 2019 was $4.03 Million (a -17.85% decrease from previous year)
  • Annual Receivables for 2018 was $4.9 Million (a 115.81% increase from previous year)
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Historical Receivables of iFresh Inc.

Most recent Receivablesof IFMK including historical data for past 10 years.

Interactive Chart of Receivables of iFresh Inc.

iFresh Inc. Receivables for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 $7.39 $4.68 $3.38 $3.41 $3.41
2019 $3.15 $3.29 $3.98 $4.03 $4.03
2018 $4.11 $4.66 $4.55 $4.9 $4.9
2017 $4.9 $3.35 $2.53 $2.27 $2.27
2016 – – – – $1.81
2015 – – – – $1.81

Business Profile of iFresh Inc.

Sector: Consumer Defensive
Industry: Grocery Stores
iFresh Inc., through its subsidiaries, operates a network of grocery supermarket chains in the north-eastern United States. It operates through Wholesale and Retail segments. The company provides vegetables, seafood, meat, fruits, snacks, seasonings, and spices, such as peanut oil, cooking wine, vinegar, dark soy sauce, black bean sauce, pepper oil, and chilly oil; tea, condiments, canned goods, flour products, marine food products, candies groceries, traditional Chinese medicine, health products, and dried food; rice and rice products; assortment of noodles, frozen vegetables, frozen dumplings, frozen seafood products, and aquatic products; and cooking utensils. Its brand portfolio includes Family Elephant, Feiyan, Green Acre, Golden Smell, Redolent, and I FRESH. The company also distributes its products to wholesale stores, retail supermarkets, and restaurants. As of August 10, 2020, it operated nine retail supermarkets and two in-house wholesale businesses. The company offers its products through online sales channels and delivery network in suburban areas. iFresh Inc. was founded in 1995 and is headquartered in Long Island City, New York.
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