Delta 9 Cannabis (Delta 9 Cannabis) Change In Receivables : $-0.06 Mil (TTM As of Mar. 2024)

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What is Delta 9 Cannabis Change In Receivables?

Delta 9 Cannabis's change in receivables for the quarter that ended in Mar. 2024 was $-0.12 Mil. It means Delta 9 Cannabis's Accounts Receivable increased by $0.12 Mil from Dec. 2023 to Mar. 2024 .

Delta 9 Cannabis's change in receivables for the fiscal year that ended in Dec. 2023 was $0.30 Mil. It means Delta 9 Cannabis's Accounts Receivable declined by $0.30 Mil from Dec. 2022 to Dec. 2023 .

Delta 9 Cannabis's Accounts Receivable for the quarter that ended in Mar. 2024 was $1.54 Mil.

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 Receivable are being managed. Delta 9 Cannabis's Days Sales Outstanding for the three months ended in Mar. 2024 was 11.51.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Delta 9 Cannabis's liquidation value for the three months ended in Mar. 2024 was $-52.94 Mil.

Delta 9 Cannabis Change In Receivables Historical Data

The historical data trend for Delta 9 Cannabis's Change In Receivables 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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Delta 9 Cannabis Change In Receivables Chart

Delta 9 Cannabis Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-2.81

0.38

-0.09

1.98

0.30

Delta 9 Cannabis Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															0.22	-0.71	0.47	0.30	-0.12

Delta 9 Cannabis Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.06 Mil.

Delta 9 Cannabis (OTCPK:DLTNF) Change In Receivables 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 Receivable are being managed.

Delta 9 Cannabis's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.537	/	12.182	*	91
=	11.51

2. In Ben Graham's calculation of liquidation value, Delta 9 Cannabis's accounts receivable are only considered to be worth 75% of book value:

Delta 9 Cannabis's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.935	-	59.241	+	0.75 * 1.537	+	0.5 * 8.436
=	-52.94

Delta 9 Cannabis Change In Receivables Related Terms

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Delta 9 Cannabis (Delta 9 Cannabis) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Delta 9 Cannabis Inc (OTCPK:DLTNF) » Definitions » Change In Receivables

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V5D1:Germany DN:Canada

Address

Osborne Village, P.O. Box 68096, Winnipeg, MB, CAN, R3L 2V9

Website

https://www.delta9.ca

Delta 9 Cannabis Inc is a cannabis company. It sells cannabis products through its wholesale and retail sales channels and sells its cannabis grow pods to other businesses. The company's subsidiary, Delta 9 Bio-Tech Inc, is a licensed producer of medical and recreational cannabis and operates an 80,000-square-foot production facility in Winnipeg, Manitoba, Canada. The company owns and operates a chain of retail stores under the Delta 9 Cannabis store brand.