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Plantable Health (Plantable Health) Accounts Receivable : $0.01 Mil (As of Jun. 2023)


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What is Plantable Health Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Plantable Health's accounts receivables for the quarter that ended in Jun. 2023 was $0.01 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Plantable Health's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 12.67.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Plantable Health's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $-0.00.


Plantable Health Accounts Receivable Historical Data

The historical data trend for Plantable Health'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.

* Premium members only.

Plantable Health Accounts Receivable Chart

Plantable Health Annual Data
Trend Dec20 Dec21 Dec22
Accounts Receivable
0.03 - 0.01

Plantable Health Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.02 0.01 0.01 0.02 0.01

Plantable Health Accounts Receivable Calculation

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


Plantable Health 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.

Plantable Health's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.01/0.072*91
=12.67

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

Plantable Health's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 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)
=(0.136+0.75 * 0.01+0.5 * 0.007-0.221
-0-0)/63.25
=-0.00

* 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.


Plantable Health Accounts Receivable Related Terms

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Plantable Health (Plantable Health) Business Description

Traded in Other Exchanges
N/A
Address
1095 W Pender Street, Suite 750, Vancouver, BC, CAN, V6E 2M6
Plantable Health Inc offers a lifestyle change program that uses the foundations of behavioral psychology, neuroscience, and nutritional science to transform health and wellness and promote healthy weight loss by facilitating, supporting, and empowering customers through the introduction to and adoption of a plant-centric diet. The meal plans offered by the company include The Reboot, The Quickstart and A La Carte.

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