Cannabis Strategic Ventures (Cannabis Strategic Ventures) Accounts Receivable : $0.95 Mil (As of Jun. 2020)

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What is Cannabis Strategic Ventures Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cannabis Strategic Ventures's accounts receivables for the quarter that ended in Jun. 2020 was $0.95 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Cannabis Strategic Ventures's Days Sales Outstanding for the quarter that ended in Jun. 2020 was 25.65.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Cannabis Strategic Ventures's Net-Net Working Capital per share for the quarter that ended in Jun. 2020 was $-0.08.

Cannabis Strategic Ventures Accounts Receivable Historical Data

The historical data trend for Cannabis Strategic Ventures'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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Cannabis Strategic Ventures Accounts Receivable Chart

Cannabis Strategic Ventures Annual Data

Trend

Dec13

Dec14

Mar16

Mar17

Mar18

Mar19

Mar20

Accounts Receivable

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0.30

0.35

0.76

Cannabis Strategic Ventures Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Accounts Receivable	Get a 7-Day Free Trial															0.24	0.28	0.74	0.76	0.95

Cannabis Strategic Ventures Accounts Receivable Calculation

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

Cannabis Strategic Ventures 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.

Cannabis Strategic Ventures's Days Sales Outstanding for the quarter that ended in Jun. 2020 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.948	/	3.373	*	91
=	25.65

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

Cannabis Strategic Ventures's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2020 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)
=	(0.457	+	0.75 * 0.948	+	0.5 * 2.955	-	24.138
-	0.013	-	0)	/	268.883
=	-0.08

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.

Cannabis Strategic Ventures Accounts Receivable Related Terms

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Cannabis Strategic Ventures (Cannabis Strategic Ventures) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cannabis Strategic Ventures (OTCPK:NUGS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

9350 Wilshire Boulevard, Suite 203, Beverly Hills, CA, USA, 90212

Website

https://www.cannabisstrategic.com

Cannabis Strategic Ventures focuses on the medical and legal recreational cannabis sector. It provides temporary, permanent, and long-term staffing solutions, employment and human resources consulting to the legal Cannabis sector.

Executives

Gordon Samson	director, officer: Chief Financial Officer	9595 WILSHIRE BLVD., SUITE 900 BEVERLY HILLS CA 90212
Dane Brown	director, officer: VP, Corporate Development	9595 WILSHIRE BOULEVARD, SUITE 900 BEVERLY HILLS CA 90212
Christopher G Foster	director, officer: CFO, Secretary & Treasurer	5151 E. BROADWAY, SUITE 1600, TUCSON AZ 85711
Robert Hoegler	director, 10 percent owner, officer: President	#604 7040 GRANVILLE AVENUE RICHMOND A1 V6Y 3W5
Floyd Flaman	director, 10 percent owner, officer: SECRETARY/TREASURER	5621 52ND STREET DELTA A1 V4K 2C7
Scott Marshall	director, 10 percent owner, officer: President	2435 WEST 7TH AVENUE VANCOUVER A1 00000