Landec Corporation Receivables

Receivables of LNDC 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 February 27, 2021 was $69.6 Million (a 4.56% increase compared to previous quarter)
  • Year-over-year quarterly Receivables decreased by -8.7%
  • Annual Receivables for 2020 was $76.2 Million (a 6.49% increase from previous year)
  • Annual Receivables for 2019 was $71.6 Million (a 32.83% increase from previous year)
  • Annual Receivables for 2018 was $53.9 Million (a 17.38% increase from previous year)
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Historical Receivables of Landec Corporation

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

Interactive Chart of Receivables of Landec Corporation

Landec Corporation Receivables for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $69.58
2020 $66.55 $65.03 $76.21 $71.26 $76.21
2019 $69.96 $61.4 $69.57 $60.39 $71.57
2018 $53.42 $48.66 $53.88 $50.44 $53.88
2017 $56.36 $47.85 $45.9 $45.92 $45.9
2016 $50.01 $44.15 $46.41 $42.92 $46.41
2015 $50.28 $44.65 $46.48 $46.52 $46.48
2014 $52.45 $44.82 $46.73 $45.44 $46.73
2013 $46.89 $38.12 $41.85 $37.58 $41.85
2012 $40.93 $30.88 $32.32 $23.96 $32.32
2011 $29.76 $21.29 $22.68 $19.81 $22.68
2010 $25.77 $20.92 $20.11 $20.11

Business Profile of Landec Corporation

Sector: Consumer Defensive
Industry: Packaged Foods
Landec Corporation, together with its subsidiaries, designs, develops, manufactures, and sells differentiated health and wellness products for food and biomaterials markets. It operates through Curation Foods and Lifecore segments. The Curation Foods segment engages in processing, marketing, and selling of vegetable-based salads, and fresh-cut and whole vegetable products primarily under the Eat Smart brand, O branded olive oils and wine vinegars, and Yucatan and Cabo Fresh guacamole and avocado food products, as well as various private labels. It serves retail grocery chains, club stores, and food service operators. The Lifecore segment engages in the manufacture of pharmaceutical-grade sodium hyaluronate (HA) in bulk form, as well as formulated and filled syringes and vials for injectable products used in treating a range of medical conditions and procedures. It also provides services, including technology transfer, material component changes, analytical method development, formulation development, pilot studies, stability studies, process validation, and production of materials for clinical studies to its partners for HA-based and non-HA based aseptically formulated and filled products. This segment sells its non-HA products for medical use primarily in the ophthalmic, orthopedic, and other markets. It sells its products directly to partners in the medical device and pharmaceutical markets. The company was founded in 1986 and is headquartered in Santa Clara, California.