Cannabis Bioscience International Holdings (Cannabis Bioscience International Holdings) Change In Receivables : $-0.01 Mil (TTM As of Nov. 2023)

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What is Cannabis Bioscience International Holdings Change In Receivables?

Cannabis Bioscience International Holdings's change in receivables for the quarter that ended in Nov. 2023 was $-0.01 Mil. It means Cannabis Bioscience International Holdings's Accounts Receivable increased by $0.01 Mil from Nov. 2022 to Nov. 2023 .

Cannabis Bioscience International Holdings's change in receivables for the fiscal year that ended in May. 2011 was $-13.70 Mil. It means Cannabis Bioscience International Holdings's Accounts Receivable increased by $13.70 Mil from May. 2010 to May. 2011 .

Cannabis Bioscience International Holdings's Accounts Receivable for the quarter that ended in Nov. 2023 was $0.02 Mil.

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 Receivable are being managed. Cannabis Bioscience International Holdings's Days Sales Outstanding for the six months ended in Nov. 2023 was 25.31.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Cannabis Bioscience International Holdings's liquidation value for the six months ended in Nov. 2023 was $-0.93 Mil.

Cannabis Bioscience International Holdings Change In Receivables Historical Data

The historical data trend for Cannabis Bioscience International Holdings's Change In Receivables 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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Cannabis Bioscience International Holdings Change In Receivables Chart

Cannabis Bioscience International Holdings Annual Data

Trend

Dec06

Dec07

May09

May10

May11

Change In Receivables

-15.90

-28.93

-13.70

Cannabis Bioscience International Holdings Semi-Annual Data
	Dec06	Jun07	Dec07	Jun08	May09	Nov09	May10	Nov10	May11	Nov11	Nov22	Nov23
Change In Receivables	Get a 7-Day Free Trial							-11.50	-2.20	-14.16	-0.03	-0.01

Cannabis Bioscience International Holdings Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Nov. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.01 Mil.

Cannabis Bioscience International Holdings (OTCPK:CBIH) Change In Receivables 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 Receivable are being managed.

Cannabis Bioscience International Holdings's Days Sales Outstanding for the quarter that ended in Nov. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.019	/	0.137	*	91
=	25.31

2. In Ben Graham's calculation of liquidation value, Cannabis Bioscience International Holdings's accounts receivable are only considered to be worth 75% of book value:

Cannabis Bioscience International Holdings's liquidation value for the quarter that ended in Nov. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0	-	0.944	+	0.75 * 0.019	+	0.5 * 0
=	-0.93

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Cannabis Bioscience International Holdings (Cannabis Bioscience International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cannabis Bioscience International Holdings Inc (OTCPK:CBIH) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

6201 Bonhomme Road, Suite 466S, Houston, TX, USA, 77036

Website

https://www.cbih.net

Cannabis Bioscience International Holdings Inc is engaged in providing educational systems relating to cannabis and services in therapeutic areas. of clinical trials and services relating to sleep disorders through its sleep center in Houston, Texas. The Company generates revenue from multiple streams, namely, clinical trials, consulting fees, video courses, seminars, royalties, and merchandise sales. The company generates the majority of its revenue from clinical trials.