Planet 13 Holdings (Planet 13 Holdings) Change In Receivables : $-0.26 Mil (TTM As of Mar. 2024)

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What is Planet 13 Holdings Change In Receivables?

Planet 13 Holdings's change in receivables for the quarter that ended in Mar. 2024 was $0.14 Mil. It means Planet 13 Holdings's Accounts Receivable declined by $0.14 Mil from Dec. 2023 to Mar. 2024 .

Planet 13 Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was $-0.23 Mil. It means Planet 13 Holdings's Accounts Receivable increased by $0.23 Mil from Dec. 2022 to Dec. 2023 .

Planet 13 Holdings's Accounts Receivable for the quarter that ended in Mar. 2024 was $1.04 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. Planet 13 Holdings's Days Sales Outstanding for the three months ended in Mar. 2024 was 4.13.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Planet 13 Holdings's liquidation value for the three months ended in Mar. 2024 was $-15.60 Mil.

Planet 13 Holdings Change In Receivables Historical Data

The historical data trend for Planet 13 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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Planet 13 Holdings Change In Receivables Chart

Planet 13 Holdings Annual Data

Trend

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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0.09

-0.09

-0.78

1.08

-0.23

Planet 13 Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															0.17	-0.14	0.07	-0.33	0.14

Planet 13 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.26 Mil.

Planet 13 Holdings (OTCPK:PLNH) 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.

Planet 13 Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.035	/	22.877	*	91
=	4.13

2. In Ben Graham's calculation of liquidation value, Planet 13 Holdings's accounts receivable are only considered to be worth 75% of book value:

Planet 13 Holdings's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	20.771	-	45.649	+	0.75 * 1.035	+	0.5 * 16.999
=	-15.60

Planet 13 Holdings Change In Receivables Related Terms

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Planet 13 Holdings (Planet 13 Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Planet 13 Holdings Inc (OTCPK:PLNH) » Definitions » Change In Receivables

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Traded in Other Exchanges

PLTH:Canada

Address

2548 West Desert Inn Road, Las Vegas, NV, USA, 89109

Website

https://www.planet13holdings.com

Planet 13 Holdings Inc operates as an integrated cannabis company based in Nevada, with cultivation, production, and dispensary operations in Las Vegas. The company is focused on providing an unparalleled dispensary experience and optimizing cultivation efficiencies through its technology as the vanguard of cannabis.

Executives

Chris Wren	officer: VP of Operations	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
Dennis Logan	officer: CFO	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
Leighton Koehler	officer: General Counsel	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
Larry Scheffler	director, 10 percent owner, officer: Co-CEO	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
David Farris	officer: VP of Sales & Marketing	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
Adrienne O'neal	director	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
William Vargas	officer: VP of Finance	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
Robert Groesbeck	director, 10 percent owner, officer: Co-CEO	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
Lee Fraser	director	4675 W TECO AVE, SUITE 250, LAS VEGAS NV 89118
Todd Hybels	officer: VP of Midwestern Operations	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
Michael Lanteri Jennings	officer: Pres. of East Coast Operations	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
Michael Harman	director	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109