KushCo Holdings (KushCo Holdings) Accounts Receivable : $7.4 Mil (As of May. 2021)

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What is KushCo Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. KushCo Holdings's accounts receivables for the quarter that ended in May. 2021 was $7.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. KushCo Holdings's Days Sales Outstanding for the quarter that ended in May. 2021 was 23.84.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. KushCo Holdings's Net-Net Working Capital per share for the quarter that ended in May. 2021 was $0.02.

KushCo Holdings Accounts Receivable Historical Data

The historical data trend for KushCo 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.

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KushCo Holdings Accounts Receivable Chart

KushCo Holdings Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Accounts Receivable

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0.20

1.70

8.60

25.97

9.43

KushCo Holdings Quarterly Data
	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21
Accounts Receivable	Get a 7-Day Free Trial															11.16	9.43	11.96	10.45	7.40

KushCo Holdings Accounts Receivable Calculation

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

KushCo 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7.398	/	28.319	*	91
=	23.84

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

KushCo Holdings's Net-Net Working Capital Per Share for the quarter that ended in May. 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)
=	(1.102	+	0.75 * 7.398	+	0.5 * 52.37	-	30.392
-	0	-	0)	/	159.381
=	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.

KushCo Holdings Accounts Receivable Related Terms

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KushCo Holdings (KushCo Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » KushCo Holdings Inc (OTCPK:KSHB) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

6261 Katella Avenue, Suite 250, Cypress, CA, USA, 90630

Website

https://www.kushco.com

KushCo Holdings Inc is engaged in marketing and selling of customized packaging products, vaporizers, hydrocarbon gases, solvents, accessories and branding solutions to customers operating in the regulated medical and recreational cannabis industries. The firm's packaging products consist of bottles, bags, tubes, and containers. Its subsidiaries and brands provide product quality, customer service, compliance knowledge and a local presence in serving its diverse customer base. The firm has sold more than 1 billion units to growers, processors and producers across North America, South America, and Europe.

Executives

Stephen Christoffersen	officer: Chief Financial Officer	6261 KATELLA AVENUE, SUITE 250, CYPRESS CA 90630
Peter A. Kadens	director	C/O KUSHCO HOLDINGS, INC., 6261 KATELLA AVE STE 250, CYPRESS CA 90630
Nicholas Kovacevich	director, officer: Chairman and CEO	2618 SAN MIGUEL DRIVE, #480, NEWPORT BEACH CA 92660
Oliveira Rodrigo De	officer: Chief Operating Officer	C/O KUSHCO HOLDINGS, INC., 11958 MONARCH STREET, GARDEN GROVE CA 92841
Donald H Hunter	director	C/O HARBOR GLOBAL CO LTD, ONE FANEUIL HALL MARKET PLACE, BOSTON MA 02109
Barbara Goodstein	director	23 MAIN STREET, HOLMDEL NJ 07733
Dallas Imbimbo	director	1800 NEWPORT CIRCLE, SANTA ANA CA 92705
Eric Baum	director	866 BERKSHIRE DRIVE, WESTBURY NY 11590
Christopher Tedford	officer: Chief Financial Officer	C/O KUSHCO HOLDINGS, INC. 11958 MONARCH STREET GARDEN GROVE CA 92841
Jason Vegotsky	officer: Chief Revenue Officer	C/O KUSHCO HOLDINGS, INC. 11958 MONARCH STREET GARDEN GROVE CA 92841
Jim Mccormick	officer: CFO and COO	1800 NEWPORT CIRCLE SANTA ANA CA 92705
Ben Wu	other: Consultant, Former COO	1800 NEWPORT CIRCLE SANTA ANA CA 92705
Chris Martin	other: None	1800 NEWPORT CIRCLE SANTA ANA CA 92705
Greg Gamet	other: None	3539 GAYLORD STREET DENVER CO 80205
Jeffrey Meng	10 percent owner	17595 HARVARD STREET C552 IRVINE CA 92614