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BlockchainK2 (BlockchainK2) Accounts Receivable : $0.00 Mil (As of Dec. 2023)


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What is BlockchainK2 Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. BlockchainK2's accounts receivables for the quarter that ended in Dec. 2023 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. BlockchainK2's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.03.


BlockchainK2 Accounts Receivable Historical Data

The historical data trend for BlockchainK2'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.

BlockchainK2 Accounts Receivable Chart

BlockchainK2 Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.01 - -

BlockchainK2 Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

BlockchainK2 Accounts Receivable Calculation

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


BlockchainK2 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.

BlockchainK2's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

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

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), BlockchainK2's accounts receivable are only considered to be worth 75% of book value:

BlockchainK2's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=(0.014+0.75 * 0.002+0.5 * 0-0.673
-0--0.033)/21.3264
=-0.03

* 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.


BlockchainK2 Accounts Receivable Related Terms

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BlockchainK2 (BlockchainK2) Business Description

Traded in Other Exchanges
Address
400 - 837 West Hastings Street, Vancouver, BC, CAN, V6C3N6
BlockchainK2 Corp currently operates as a holding company that invests in blockchain technology solutions for capital markets and other sectors. It has invested in separate ventures: Amplify Games Inc; iRecover Inc; and RealBlocks and Envexergy Inc. It also holds an interest in Sobe Organics Inc which is an omnichannel platform that distributes a broad line of CBD-infused products. The company operates in the following segments; Investing in blockchain technology solutions for capital markets and other sectors, Sale of health and beauty products - operated by Sobe Organics, Digital game distribution - operated by Amplify, and Addiction recovery platform services - operated by iRecover. It generates key revenue from Health and beauty products.

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