PSYC (PSYC) Accounts Receivable : $0.00 Mil (As of Sep. 2023)

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What is PSYC Accounts Receivable?

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

Accounts receivable can be measured by Days Sales Outstanding. PSYC's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. PSYC's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-0.02.

PSYC Accounts Receivable Historical Data

The historical data trend for PSYC'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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PSYC Accounts Receivable Chart

PSYC Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec16

Accounts Receivable

0.01

0.02

0.09

0.11

PSYC Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Dec14	Mar15	Jun15	Sep15	Mar16	Jun16	Sep16	Dec16	Jun17	Sep22	Sep23
Accounts Receivable	Get a 7-Day Free Trial															0.11	0.11	0.13	-	-

PSYC Accounts Receivable Calculation

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

PSYC 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.

PSYC'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	/	0.033	*	91
=	0.00

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

PSYC's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(0.31	+	0.75 * 0	+	0.5 * 0	-	11.403
-	0.054	-	0)	/	552.944
=	-0.02

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.

PSYC Accounts Receivable Related Terms

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PSYC (PSYC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » PSYC Corp (OTCPK:PSYC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2881 South Valley View Boulevard, Suite 9, Las Vegas, NV, USA, 89102

Website

https://www.psyccorporation.com

PSYC Corp is a media-focused company serving the expanding industry and community of medicinal psychedelics. Through its media platform, Psychedelic Spotlight, the company has positioned itself right at the very core of the psychedelics renaissance. Technical420 is also one such platform that provides information and analysis on public and private companies. These platforms provide the Company with an opportunity to dominate the intersection of cannabis and psychedelics as a media leader. Along with its subsidiary, the group offers public relations and media-focused services to companies within the medicinal psychedelics industry and other niche industries that includes cannabis, health, and wellness, and sports, among others.