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HYTNF (HYTN Innovations) Accounts Receivable : $0.07 Mil (As of Dec. 2024)


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What is HYTN Innovations Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. HYTN Innovations's accounts receivables for the quarter that ended in Dec. 2024 was $0.07 Mil.

Accounts receivable can be measured by Days Sales Outstanding. HYTN Innovations's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 48.93.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. HYTN Innovations's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $-0.02.


HYTN Innovations Accounts Receivable Historical Data

The historical data trend for HYTN Innovations'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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HYTN Innovations Accounts Receivable Chart

HYTN Innovations Annual Data
Trend Sep19 Sep20 Jan21 Jan22 Sep23 Sep24
Accounts Receivable
Get a 7-Day Free Trial 0.02 0.01 0.01 0.10 0.08

HYTN Innovations Quarterly Data
Sep19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.09 0.07 0.16 0.08 0.07

HYTN Innovations Accounts Receivable Calculation

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


HYTN Innovations 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.

HYTN Innovations's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.074/0.138*91
=48.93

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

HYTN Innovations's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=(0.011+0.75 * 0.074+0.5 * 0.117-1.849
-0-0)/91.691
=-0.02

* 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.


HYTN Innovations Accounts Receivable Related Terms

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HYTN Innovations Business Description

Traded in Other Exchanges
Address
890 Clement Avenue, Unit 303, Kelowna, BC, CAN, V1Y 7E4
HYTN Innovations Inc formulates, manufactures, markets, and sells premium cannabis goods. The company generates revenue from the sale of cannabis-related products such as Cannabis-beverage sales, Cannabis - flower sales, Cannabis - edible sales. The majority of revenue is generated from Cannabis - beverage sales.

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