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Canna (CNCC) Accounts Receivable : $0.00 Mil (As of Jun. 2019)


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What is Canna Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Canna's accounts receivables for the quarter that ended in Jun. 2019 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Canna's Net-Net Working Capital per share for the quarter that ended in Jun. 2019 was $-0.03.


Canna Accounts Receivable Historical Data

The historical data trend for Canna'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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Canna Accounts Receivable Chart

Canna Annual Data
Trend Dec15 Dec16 Dec17 Dec18
Accounts Receivable
- - - -

Canna Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
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 - 0.04 - - -

Canna Accounts Receivable Calculation

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


Canna 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.

Canna's Days Sales Outstanding for the quarter that ended in Jun. 2019 is calculated as:

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

Canna's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2019 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)
=(0.004+0.75 * 0+0.5 * 0-6.736
-0--0.732)/226.966
=-0.03

* 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.


Canna Accounts Receivable Related Terms

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Canna (CNCC) Business Description

Traded in Other Exchanges
N/A
Address
20200 Dixie Highway, Suite 906, Miami, FL, USA, 33180
Canna Corp is a holding company. The company is involved in the crypto mining business. It also plans to invest in the development of proprietary crypto mining hardware and software. The company also include the operation of data centers to provide low-cost hosting services to cryptocurrency miners from around the world.