GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Choom Holdings Inc (OTCPK:CHOOF) » Definitions » Accounts Receivable

Choom Holdings (Choom Holdings) Accounts Receivable : $0.03 Mil (As of Dec. 2021)


View and export this data going back to 2012. Start your Free Trial

What is Choom Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Choom Holdings's accounts receivables for the quarter that ended in Dec. 2021 was $0.03 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Choom Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2021 was 0.86.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Choom Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2021 was $-0.04.


Choom Holdings Accounts Receivable Historical Data

The historical data trend for Choom Holdings'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.

* Premium members only.

Choom Holdings Accounts Receivable Chart

Choom Holdings Annual Data
Trend Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.10 0.04 0.11 0.08

Choom Holdings Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
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 0.13 0.22 0.08 - 0.03

Choom Holdings Accounts Receivable Calculation

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


Choom Holdings 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.

Choom Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2021 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.031/3.293*91
=0.86

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

Choom Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2021 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)
=(0.571+0.75 * 0.031+0.5 * 0.405-17.512
-0-0)/466.973
=-0.04

* 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.


Choom Holdings Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Choom Holdings's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


Choom Holdings (Choom Holdings) Business Description

Traded in Other Exchanges
N/A
Address
1525 West 8th Avenue, Suite 208, Vancouver, BC, CAN, V6J 1T5
Choom Holdings Inc is a Canadian cannabis retailer. It sells products under the brand name Choom. The company has two primary business units, Retail Cannabis, and Patient Counselling. It generates maximum revenue from the Retail Cannabis segment.