BLQC (BlockQuarry) Accounts Receivable : $0.28 Mil (As of Dec. 2022)

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What is BlockQuarry Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. BlockQuarry's accounts receivables for the quarter that ended in Dec. 2022 was $0.28 Mil.

Accounts receivable can be measured by Days Sales Outstanding. BlockQuarry's Days Sales Outstanding for the quarter that ended in Dec. 2022 was 9.34.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. BlockQuarry's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was $-0.19.

BlockQuarry Accounts Receivable Historical Data

The historical data trend for BlockQuarry'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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BlockQuarry Accounts Receivable Chart

BlockQuarry Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec21

Dec22

Accounts Receivable

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0.03

0.28

BlockQuarry Semi-Annual Data
	Dec14	Dec15	Dec16	Dec17	Dec18	Dec21	Dec22
Accounts Receivable	Get a 7-Day Free Trial			0.03	-	0.03	-	0.28

BlockQuarry Accounts Receivable Calculation

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

BlockQuarry 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.

BlockQuarry's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.275	/	5.374	*	91
=	9.34

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

BlockQuarry's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 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)
=	(0.318	+	0.75 * 0.275	+	0.5 * 0	-	15.274
-	0.014	-	0)	/	78.6558
=	-0.19

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.

BlockQuarry Accounts Receivable Related Terms

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BlockQuarry Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BlockQuarry Corp (OTCPK:BLQC) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

700 Louisiana Street, Suite 3950, Houston, TX, USA, 77002

Website

https://www.blockquarry.io

BlockQuarry Corp operates in the cryptocurrency mining industry. The cryptocurrency mining and mining equipment segment is focused on capitalizing on the Bitcoin ecosystem and its surrounding associated growth opportunities through proof-of-work mining. It also produced and sold premium liquor beverages and sold cannabinoid products.