Accredited Solutions (Accredited Solutions) Accounts Receivable : $0.08 Mil (As of Sep. 2023)

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What is Accredited Solutions Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Accredited Solutions's accounts receivables for the quarter that ended in Sep. 2023 was $0.08 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Accredited Solutions's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 44.80.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Accredited Solutions's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-0.01.

Accredited Solutions Accounts Receivable Historical Data

The historical data trend for Accredited Solutions'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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Accredited Solutions Accounts Receivable Chart

Accredited Solutions Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

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0.01

0.05

Accredited Solutions Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															0.02	0.05	0.02	0.04	0.08

Accredited Solutions Accounts Receivable Calculation

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

Accredited Solutions 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.

Accredited Solutions's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.081	/	0.165	*	91
=	44.80

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

Accredited Solutions'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)
=	(0.056	+	0.75 * 0.081	+	0.5 * 0	-	6.226
-	0	-	0)	/	712.297
=	-0.01

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.

Accredited Solutions Accounts Receivable Related Terms

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Accredited Solutions (Accredited Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Accredited Solutions Inc (OTCPK:ASII) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

20311 Chartwell Center Drive, Suite 1469, Cornelius, NC, USA, 28031

Website

https://www.goodhemplivin.com

Accredited Solutions Inc formerly Good Hemp Inc is engaged in a hemp-derived CBD-infused line of consumer beverages sold under the Good Hemp brand. The company's current products include high-alkaline water products, hemp-based beverage products under the Good Hemp brand, and CBD softgels under the Good Hemp Wellness brand. Good Hemp products include two lines of hemp-based beverages. Good Hemp 2oh!, CANNA HEMP and CANNA are a line-up of refreshing, all-natural, good-for-you, ready-to-drink waters in six flavors: blueberry-blast, island coco-lime, kiwi-strawberry, lemon-twist, mango-fandango and Q-cumbermint. Good Hemp fizz is a line-up of carbonated refreshing, all-natural, good-for-you, ready-to-drink carbonated beverages in three flavors: blueberry-bam, mango-tango and citrus-twist.

Executives

Alessi William Rosario Jr	director, officer: Chief Executive Officer	20311 CHARTWELL CENTER DR., STE. 1469, CORNELIUS NC 28031
Christopher Phillip Chumas	director	7018 BROOKSTONE LANE, INDIAN LAND SC 29707
Daniel M. Ferris	director, 10 percent owner, officer: President, Sec'y & Treasurer	98 REDCLIFFE GARDEN, FLAT 3, LONDON X0 SW109HH
John Graham Rhoden	10 percent owner	15 VICTORIAN CRESCENT, TOWN MOOR, SOUTH YORKSHIRE, DONCASTER X0 DN2 58P