Discover Wellness Solutions (XCNQ:WLNS) Accounts Receivable : C$0.00 Mil (As of Sep. 2021)

View and export this data going back to 2018. Start your Free Trial

What is Discover Wellness Solutions Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Discover Wellness Solutions's accounts receivables for the quarter that ended in Sep. 2021 was C$0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Discover Wellness Solutions's Days Sales Outstanding for the quarter that ended in Sep. 2021 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. Discover Wellness Solutions's Net-Net Working Capital per share for the quarter that ended in Sep. 2021 was C$-0.03.

Discover Wellness Solutions Accounts Receivable Historical Data

The historical data trend for Discover Wellness Solutions'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.

Discover Wellness Solutions Accounts Receivable Chart

Discover Wellness Solutions Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Accounts Receivable

Discover Wellness Solutions Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Accounts Receivable	Get a 7-Day Free Trial													-	-	-	-	-

Discover Wellness Solutions Accounts Receivable Calculation

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

Discover Wellness Solutions 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.

Discover Wellness Solutions's Days Sales Outstanding for the quarter that ended in Sep. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	0.002	*	91
=	0.00

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

Discover Wellness Solutions's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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	+	0.5 * 0	-	1.916
-	0	-	0)	/	53.218
=	-0.03

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.

Discover Wellness Solutions Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Discover Wellness Solutions's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Discover Wellness Solutions (XCNQ:WLNS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Discover Wellness Solutions Inc (XCNQ:WLNS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

707 5th Street SW, Suite 500, Calgary, AB, CAN, T2P 0Y3

Website

https://www.discoverwellness.solutions

Discover Wellness Solutions Inc is focused on the production, cultivation and sale of cannabis in various forms. The company through its wholly-owned subsidiary, Rocky Mountain Marijuana Inc, a late-stage applicant under the Cannabis Act. Rocky Mountain blends science with nature using aeroponic cultivation and CO2 extraction to produce high-purity, organic-quality cannabis products.

Discover Wellness Solutions (XCNQ:WLNS) Headlines

No Headlines