Ventura Cannabis and Wellness (Ventura Cannabis and Wellness) Accounts Receivable : $2.67 Mil (As of May. 2020)

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What is Ventura Cannabis and Wellness Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ventura Cannabis and Wellness's accounts receivables for the quarter that ended in May. 2020 was $2.67 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Ventura Cannabis and Wellness's Days Sales Outstanding for the quarter that ended in May. 2020 was 269.21.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ventura Cannabis and Wellness's Net-Net Working Capital per share for the quarter that ended in May. 2020 was $-0.02.

Ventura Cannabis and Wellness Accounts Receivable Historical Data

The historical data trend for Ventura Cannabis and Wellness'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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Ventura Cannabis and Wellness Accounts Receivable Chart

Ventura Cannabis and Wellness Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Nov14

Nov15

Feb17

Feb18

Feb19

Feb20

Accounts Receivable

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3.87

6.39

5.96

5.33

2.86

Ventura Cannabis and Wellness Quarterly Data
	May15	Aug15	Nov15	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20
Accounts Receivable	Get a 7-Day Free Trial															4.93	3.28	2.29	2.86	2.67

Ventura Cannabis and Wellness Accounts Receivable Calculation

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

Ventura Cannabis and Wellness 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.

Ventura Cannabis and Wellness's Days Sales Outstanding for the quarter that ended in May. 2020 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.67	/	0.905	*	91
=	269.21

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

Ventura Cannabis and Wellness's Net-Net Working Capital Per Share for the quarter that ended in May. 2020 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)
=	(1.973	+	0.75 * 2.67	+	0.5 * 0.089	-	4.85
-	0	-	0.039)	/	37.04
=	-0.02

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.

Ventura Cannabis and Wellness Accounts Receivable Related Terms

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Ventura Cannabis and Wellness (Ventura Cannabis and Wellness) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ventura Cannabis and Wellness Corp (OTCPK:CVHIF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

800 W. 6th St, Suite 1415, Los Angeles, CA, USA, 90017

Website

http://www.venturacanna.com

Ventura Cannabis and Wellness Corp is a vertically integrated, California-based products cannabis company. The company is currently building out its distribution channel through revenue-sharing agreements with owner-operator of cannabis dispensaries to ensure it's products get premium shelf space. The Company plans to target four segments in the U.S. cannabis and CBD market with products suited to their needs: senior citizens, upwardly mobile middle-aged female professionals, upwardly mobile middle-aged male professionals and individuals suffering from addiction. These segments desire discrete and well-designed products as well as the accurate dosage of THC.