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Quizam Media (XCNQ:QQ) Accounts Receivable : C$0.05 Mil (As of Feb. 2024)


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What is Quizam Media Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Quizam Media's accounts receivables for the quarter that ended in Feb. 2024 was C$0.05 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Quizam Media's Days Sales Outstanding for the quarter that ended in Feb. 2024 was 2.70.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Quizam Media's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was C$-0.05.


Quizam Media Accounts Receivable Historical Data

The historical data trend for Quizam Media'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.

Quizam Media Accounts Receivable Chart

Quizam Media Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 0.03 0.07 0.05 0.04

Quizam Media Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 0.09 0.04 0.04 0.01 0.05

Quizam Media Accounts Receivable Calculation

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


Quizam Media 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.

Quizam Media's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.05/1.69*91
=2.70

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

Quizam Media's Net-Net Working Capital Per Share for the quarter that ended in Feb. 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)
=(0.053+0.75 * 0.05+0.5 * 0.276-2.693
-0-0)/52.9068
=-0.05

* 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.


Quizam Media Accounts Receivable Related Terms

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Quizam Media (XCNQ:QQ) Business Description

Traded in Other Exchanges
N/A
Address
609 Granville Street, Po Box 10381, Suite 650, Vancouver, BC, CAN, V7Y 1G6
Quizam Media Corp is a company whose principal business activities consist of providing computer training and consulting services, marketing of a computer-based educational program, film production and cannabis retail sales. It produces and acquires content for both entertainment and corporate education. The company does its sales via geographical segments that include Canada, USA and Europe. The majority of its revenue is derived from Canada.

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