MJ Holdings (MJ Holdings) Change In Receivables : $-6.92 Mil (TTM As of Sep. 2023)

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What is MJ Holdings Change In Receivables?

MJ Holdings's change in receivables for the quarter that ended in Sep. 2023 was $-0.00 Mil. It means MJ Holdings's Accounts Receivable increased by $0.00 Mil from Jun. 2023 to Sep. 2023 .

MJ Holdings's change in receivables for the fiscal year that ended in Dec. 2022 was $-6.95 Mil. It means MJ Holdings's Accounts Receivable increased by $6.95 Mil from Dec. 2021 to Dec. 2022 .

MJ Holdings's Accounts Receivable for the quarter that ended in Sep. 2023 was $0.07 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. MJ Holdings's Days Sales Outstanding for the three months ended in Sep. 2023 was 257.88.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. MJ Holdings's liquidation value for the three months ended in Sep. 2023 was $-2.62 Mil.

MJ Holdings Change In Receivables Historical Data

The historical data trend for MJ 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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MJ Holdings Change In Receivables Chart

MJ Holdings Annual Data

Trend

Dec13

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Dec15

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Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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-0.02

-6.95

MJ Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Receivables	Get a 7-Day Free Trial															-	-6.87	-0.02	-0.03	-

MJ 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6.92 Mil.

MJ Holdings (OTCPK:MJNE) 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.

MJ Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.065	/	0.023	*	91
=	257.88

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

MJ Holdings's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.393	-	3.057	+	0.75 * 0.065	+	0.5 * 0
=	-2.62

MJ Holdings Change In Receivables Related Terms

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MJ Holdings (MJ Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » MJ Holdings Inc (OTCPK:MJNE) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

5730 Sky Pointe Dr., Suite 102, Las Vegas, NV, USA, 89130

Website

https://www.mjholdingsinc.com

MJ Holdings Inc engages in the provision of consulting and operating services to the regulated cannabis industry. It provides a full spectrum of infrastructure, cultivation management, production management, distribution consulting, and operating services to cultivation and production operators.

Executives

Paris Balaouras	director, 10 percent owner, officer: Chief Cultivation Officer	212 DESERT VIEW, LAS VEGAS NV 89107
David C. Dear	director	101 COLUMNS CIRCLE, SHELBY NC 28150
Bernard Thomas Moyle	officer: Chief Financial Officer	201 W NORTH RIVER DR. #100, SPOKANE WA 99201
Roger James Bloss	officer: Chief Executive Officer	201 W NORTH RIVER DR. #100, SPOKANE WA 99201
Terrence Mcgill Tierney	officer: President	245 E 54TH STREET, #9S, NEW YORK NY 10022
Rsgroberg Consulting Llc	officer: President	1256 PANINI DRIVE, ATTN: RICHARD GROBERG, HENDERSON NV 89052