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Silo Wellness (XCNQ:SILO) Accounts Receivable : C$0.00 Mil (As of Jul. 2023)


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What is Silo Wellness Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Silo Wellness's accounts receivables for the quarter that ended in Jul. 2023 was C$0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Silo Wellness's Days Sales Outstanding for the quarter that ended in Jul. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Silo Wellness's Net-Net Working Capital per share for the quarter that ended in Jul. 2023 was C$-0.02.


Silo Wellness Accounts Receivable Historical Data

The historical data trend for Silo Wellness'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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Silo Wellness Accounts Receivable Chart

Silo Wellness Annual Data
Trend Oct20 Oct21 Oct22
Accounts Receivable
0.18 0.53 -

Silo Wellness Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Silo Wellness Accounts Receivable Calculation

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


Silo Wellness 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.

Silo Wellness's Days Sales Outstanding for the quarter that ended in Jul. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/0.095*91
=0.00

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

Silo Wellness's Net-Net Working Capital Per Share for the quarter that ended in Jul. 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+0.75 * 0+0.5 * 0-2.414
-0-0)/154.481
=-0.02

* 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.


Silo Wellness Accounts Receivable Related Terms

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Silo Wellness (XCNQ:SILO) Business Description

Traded in Other Exchanges
N/A
Address
200 Consumers Road, Suite 702, Toronto, ON, CAN, M2J 4R4
Silo Wellness Inc operates psychedelic clinics and develops legal functional mushroom consumer products. It is focused on health and wellness by developing and introducing psychedelic medicine to reduce trauma and increase performance by destigmatizing the active compounds in psychedelics and innovating ease of administration and ingestion.
Executives
Michael Hartman Director