Green Block Mining (Green Block Mining) Accounts Receivable : $0.86 Mil (As of Aug. 2021)

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What is Green Block Mining Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Green Block Mining's accounts receivables for the quarter that ended in Aug. 2021 was $0.86 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Green Block Mining's Days Sales Outstanding for the quarter that ended in Aug. 2021 was 106.60.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Green Block Mining's Net-Net Working Capital per share for the quarter that ended in Aug. 2021 was $-0.16.

Green Block Mining Accounts Receivable Historical Data

The historical data trend for Green Block Mining'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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Green Block Mining Accounts Receivable Chart

Green Block Mining Annual Data

Trend

Nov18

Nov19

Nov20

Accounts Receivable

Green Block Mining Quarterly Data
	Aug18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21
Accounts Receivable	Get a 7-Day Free Trial							0.23	-	0.71	0.32	0.86

Green Block Mining Accounts Receivable Calculation

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

Green Block Mining 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.

Green Block Mining's Days Sales Outstanding for the quarter that ended in Aug. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.861	/	0.737	*	91
=	106.60

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

Green Block Mining's Net-Net Working Capital Per Share for the quarter that ended in Aug. 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)
=	(0.055	+	0.75 * 0.861	+	0.5 * 0	-	10.11
-	0	-	0)	/	57.7051
=	-0.16

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.

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Green Block Mining (Green Block Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Green Block Mining Corp (OTCPK:LGLOF) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

800 West Pender Street, Suite 1430, Vancouver, BC, CAN, V6C 2V6

Website

http://www.linkblockchaintech.com

Green Block Mining Corp, formerly Link Global Technologies Inc is a innovative power and infrastructure solution provider for digital mining and data hosting operations. LINK maximizes the potential of today's technologies through power solutions. It builds and manages semi-portable, self-contained power solutions that can be rapidly deployed in virtually any environment. With the low-cost, energy-efficient and smart infrastructure company provides digital mining services to third parties.