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Eviana Health (XCNQ:EHC) Accounts Receivable : C$0.14 Mil (As of Mar. 2019)


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What is Eviana Health Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Eviana Health's accounts receivables for the quarter that ended in Mar. 2019 was C$0.14 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Eviana Health's Net-Net Working Capital per share for the quarter that ended in Mar. 2019 was C$-0.06.


Eviana Health Accounts Receivable Historical Data

The historical data trend for Eviana 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.

Eviana Health Accounts Receivable Chart

Eviana Health Annual Data
Trend Jun15 Jun16 Jun17 Jun18
Accounts Receivable
- - 0.01 0.20

Eviana Health Quarterly Data
Jun15 Mar16 Jun16 Sep16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.06 0.20 0.59 0.20 0.14

Eviana Health Accounts Receivable Calculation

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


Eviana 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.

Eviana Health's Days Sales Outstanding for the quarter that ended in Mar. 2019 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.14/0*91
=

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

Eviana Health's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2019 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)
=(7.403+0.75 * 0.14+0.5 * 2.831-10.313
-0-0)/23.8999
=-0.06

* 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.


Eviana Health Accounts Receivable Related Terms

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Eviana Health (XCNQ:EHC) Business Description

Traded in Other Exchanges
N/A
Address
5728 East Boulevard, Vancouver, BC, CAN, V6M 4M4
Eviana Health Corp produces and sells cannabinoid products from natural hemp strains of cannabis sativa for consumer health-care products, pharmaceuticals, nutraceuticals, and cosmeceuticals, as well as for topical creams and other health and wellness products.