Greenway Greenhouse Cannabis (XCNQ:GWAY) Accounts Receivable : C$0.83 Mil (As of Dec. 2023)

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What is Greenway Greenhouse Cannabis Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Greenway Greenhouse Cannabis's accounts receivables for the quarter that ended in Dec. 2023 was C$0.83 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Greenway Greenhouse Cannabis's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 54.83.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Greenway Greenhouse Cannabis's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was C$-0.13.

Greenway Greenhouse Cannabis Accounts Receivable Historical Data

The historical data trend for Greenway Greenhouse Cannabis'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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Greenway Greenhouse Cannabis Accounts Receivable Chart

Greenway Greenhouse Cannabis Annual Data

Trend

Mar21

Mar22

Mar23

Accounts Receivable

0.29

0.77

Greenway Greenhouse Cannabis Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial								0.80	0.40	0.77	0.53	0.83

Greenway Greenhouse Cannabis Accounts Receivable Calculation

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

Greenway Greenhouse Cannabis 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.

Greenway Greenhouse Cannabis's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.834	/	1.388	*	91
=	54.83

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

Greenway Greenhouse Cannabis's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(2.353	+	0.75 * 0.834	+	0.5 * 2.45	-	21.536
-	0	-	0)	/	131.315
=	-0.13

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.

Greenway Greenhouse Cannabis Accounts Receivable Related Terms

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Greenway Greenhouse Cannabis (XCNQ:GWAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Greenway Greenhouse Cannabis Corp (XCNQ:GWAY) » Definitions » Accounts Receivable

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Traded in Other Exchanges

GWAYF:USA

Address

1478 Seacliff Drive, Kingsville, ON, CAN, N9Y 2M2

Website

https://www.greenway.ca

Greenway Greenhouse Cannabis Corp is licensed to cultivate, process and sell to ensures harvests always consist of the highest quality cannabis strains with resinous flowers, trichomes, and rich cannabinoid profiles. The Company's nursery facility is located in Kingsville, Ontario, and its flowering and processing facility is located in Leamington, Ontario. The business model is to supply bulk packaged, high quality cannabis to the Canadian, cannabis industry at prices that ultimately provide a value proposition to the consumers. Greenway has three divisions with various locations; Greenway Nursery, Greenway Cultivation and future plans for Greenway Farmgate Retail Store.

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