Medical Marijuana (Medical Marijuana) Accounts Receivable : $0.11 Mil (As of Dec. 2017)

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What is Medical Marijuana Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Medical Marijuana's accounts receivables for the quarter that ended in Dec. 2017 was $0.11 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Medical Marijuana's Days Sales Outstanding for the quarter that ended in Dec. 2017 was 0.73.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Medical Marijuana's Net-Net Working Capital per share for the quarter that ended in Dec. 2017 was $-0.00.

Medical Marijuana Accounts Receivable Historical Data

The historical data trend for Medical Marijuana'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.

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Medical Marijuana Accounts Receivable Chart

Medical Marijuana Annual Data

Trend

Dec09

Dec10

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Accounts Receivable

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2.98

1.46

0.89

0.20

0.11

Medical Marijuana Semi-Annual Data
	Dec09	Dec10	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17
Accounts Receivable	Get a 7-Day Free Trial			2.98	1.46	0.89	0.20	0.11

Medical Marijuana Accounts Receivable Calculation

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

Medical Marijuana 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.

Medical Marijuana's Days Sales Outstanding for the quarter that ended in Dec. 2017 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.106	/	26.523	*	91
=	0.73

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

Medical Marijuana's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2017 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)
=	(2.294	+	0.75 * 0.106	+	0.5 * 3.856	-	15.451
-	0	-	0)	/	3270.66
=	-0.00

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.

Medical Marijuana Accounts Receivable Related Terms

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Medical Marijuana (Medical Marijuana) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Medical Marijuana Inc (OTCPK:MJNA) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

2384 La Mirada Drive, Vista, CA, USA, 92081

Website

https://www.medicalmarijuanainc.com

Medical Marijuana Inc is engaged in the development, sale, and distribution of hemp oil that contains naturally occurring cannabinoids, including cannabidiol and other products containing CBD-rich hemp oil. The company's products are used by pharmaceutical, nutraceutical, and cosmeceutical industries. Some of its products are CBD Capsules, CBD Tinctures, Vaporizers, and Hemp foods among others.