AMMJ (American Cannabis Co) Accounts Receivable: $0.14 Mil (As of Jun. 2024)

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AMMJ American Cannabis Co Inc AMMJ
12 GF Score
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What is American Cannabis Co Accounts Receivable?

American Cannabis Co AMMJ 12 Accounts Receivable is $0.14 Mil as of Jun. 2024. GuruFocus rates AMMJ with a GF Score™ of 12/100.

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 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:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.137/0.432*91
=28.94

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:

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)
=(0.003+0.75 * 0.137+0.5 * 0.266-2.757
-0-0)/185.801
=-0.01

* 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


American Cannabis Co Accounts Receivable Historical Data

* Premium members only.

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 Chart

American Cannabis Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.10 0.03 0.01 0.47 0.23

American Cannabis Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.29 0.20 0.23 0.12 0.14
AMMJ
12GF Score
American Cannabis Co Inc AMMJ
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
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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.

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of $0.14 Mil mean?
American Cannabis Co (AMMJ) has a Accounts Receivable of $0.14 Mil as of Jun. 2024. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on American Cannabis Co and its competitors.
Is American Cannabis Co's Accounts Receivable too high?
American Cannabis Co's current Accounts Receivable is $0.14 Mil. Overall, American Cannabis Co has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does American Cannabis Co's Accounts Receivable compare to CBDW and PM?
American Cannabis Co's Accounts Receivable of $0.14 Mil can be compared against companies in the Tobacco Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Tobacco Products company?
A good Accounts Receivable depends on the Tobacco Products industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on American Cannabis Co and its competitors. American Cannabis Co's current Accounts Receivable is $0.14 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Cannabis Co stock overvalued right now?
American Cannabis Co (AMMJ) has a current Accounts Receivable of $0.14 Mil. The current Accounts Receivable is $0.14 Mil. American Cannabis Co's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For American Cannabis Co (AMMJ), the current Accounts Receivable is $0.14 Mil as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

American Cannabis Co Business Description

Address 1004 Tejon Street, Colorado Springs, CO, USA, 80903
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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Accounts Receivable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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