BYND Cannasoft Enterprises (BYND Cannasoft Enterprises) Accounts Receivable : $0.10 Mil (As of Mar. 2024)

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What is BYND Cannasoft Enterprises Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. BYND Cannasoft Enterprises's accounts receivables for the quarter that ended in Mar. 2024 was $0.10 Mil.

Accounts receivable can be measured by Days Sales Outstanding. BYND Cannasoft Enterprises's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 40.02.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. BYND Cannasoft Enterprises's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-6.63.

BYND Cannasoft Enterprises Accounts Receivable Historical Data

The historical data trend for BYND Cannasoft Enterprises'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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BYND Cannasoft Enterprises Accounts Receivable Chart

BYND Cannasoft Enterprises Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

0.10

0.09

BYND Cannasoft Enterprises Quarterly Data
	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial											0.10	0.10	0.09	0.09	0.10

BYND Cannasoft Enterprises Accounts Receivable Calculation

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

BYND Cannasoft Enterprises 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.

BYND Cannasoft Enterprises's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.1	/	0.228	*	91
=	40.02

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

BYND Cannasoft Enterprises's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(6.776	+	0.75 * 0.1	+	0.5 * 0	-	28.356
-	0	-	0)	/	3.24507
=	-6.63

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.

BYND Cannasoft Enterprises Accounts Receivable Related Terms

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BYND Cannasoft Enterprises (BYND Cannasoft Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BYND Cannasoft Enterprises Inc (NAS:BCAN) » Definitions » Accounts Receivable

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BYND:Canada

Address

2264 East 11th Avenue, Vancouver, BC, CAN, V5N 1Z6

Website

https://cannasoft-crm.com

BYND Cannasoft Enterprises Inc is engaged in the continued development of its new Benefit CRM and Cannabis CRM Platform along with construction, licensing, and operation of the Cannabis Farm and indoor cannabis growing facility.