Safety Shot (Safety Shot) Accounts Receivable : $0.01 Mil (As of Mar. 2024)

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What is Safety Shot Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Safety Shot's accounts receivables for the quarter that ended in Mar. 2024 was $0.01 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Safety Shot's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 2.67.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Safety Shot's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.02.

Safety Shot Accounts Receivable Historical Data

The historical data trend for Safety Shot's Accounts Receivable 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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Safety Shot Accounts Receivable Chart

Safety Shot Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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0.26

0.70

0.03

0.01

Safety Shot Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															0.86	0.71	-	0.01	0.01

Safety Shot Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Safety Shot Accounts Receivable 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 receivables are being managed.

Safety Shot's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.005	/	0.171	*	91
=	2.67

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Safety Shot's accounts receivable are only considered to be worth 75% of book value:

Safety Shot's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(2.289	+	0.75 * 0.005	+	0.5 * 0.404	-	3.644
-	0	-	0)	/	49.2203
=	-0.02

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Safety Shot Accounts Receivable Related Terms

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Safety Shot (Safety Shot) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Safety Shot Inc (NAS:SHOT) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1061 East Indiantown Road, Suite 110, Jupiter, FL, USA, 33477

Website

https://www.jupiterwellnessinc.com

Safety Shot Inc is a wellness and functional beverage company. It is set to launch Safety Shot, the patented beverage that helps people feel better faster by reducing blood alcohol content and boosting clarity.

Executives

John Gulyas	director	2505 PROVENCE CIRCLE, WESTON FL 33327
Jarrett Adam Boon	officer: COO	2434 E DESERT WILLOW DR, PHOENIX AZ 85048
Skender Fani	director
Kaufman Nancy Torres	director	725 N. HWY A1A, SUITE C-106, JUPITER FL 33477
Brian John	director, 10 percent owner, officer: Chief Executive Officer	1500 GATEWAY BLVD, SUITE 220, BOYNTON BEACH FL 33426
Douglas O Mckinnon	officer: Chief Financial Officer	2104 RIDGE PLAZA DR, CASTLE ROCK CO 80108
Glynn Wilson	director, officer: Chairman - Board of Directors	2483 NE JULEP STREET, ISSAQUAH WA 98029
Ryan T Allison	officer: VP of Business Development	725 N. HWY A1A, SUITE C-106, JUPITER FL 33477
Richard A Miller	director, 10 percent owner, officer: Chief Operating Officer	1500 GATEWAY BLVD, SUITE 220, BOYNTON BEACH FL 33426
Christopher Melton	director	C/O SG BLOCKS, INC., 400 MADISON AVENUE, SUITE 16C, NEW YORK NY 10017
Byron Young	director	112 EAST SEMINARY DRVE, UNIT B, FORT WORTH TX 76115
Hector W Alila	director	C/O PROTALEX INC, 145 UNION SQUARE DRIVE, NEW HOPE PA 18938
Timothy Glynn	director	725 N HWY, SUITE C-106, JUPITER FL 33477