Accounts Receivable are created when a customer has received a product but has not yet paid for that product. American Cannabis Co's accounts receivables for the quarter that ended in Jun. 2024 was $0.14 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
American Cannabis Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 28.94.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. American Cannabis Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was $-0.01.
American Cannabis Co Accounts Receivable Historical Data
The historical data trend for American Cannabis Co'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.
American Cannabis Co Accounts Receivable Calculation
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
American Cannabis Co 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.
American Cannabis Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), American Cannabis Co's accounts receivable are only considered to be worth 75% of book value:
American Cannabis Co's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is calculated as:
* 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.
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.
American Cannabis Co Accounts Receivable Related Terms
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American Cannabis Co Inc is engaged in the cannabis industry that features end-to-end solutions for businesses operating in the regulated cannabis industry in states and countries where cannabis is regulated and/or has been decriminalized for medical use and/or legalized for recreational use. It provides advisory and consulting services specific to this industry, designs industry-specific products and facilities, and manages a strategic group partnership that offers both exclusive and non-exclusive customer products commonly used in the industry. It is a licensed operator of two medical cannabis dispensaries and a cannabis cultivation facility in Colorado Springs, CO.
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