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Hempacco Co (Hempacco Co) Accounts Receivable : $0.55 Mil (As of Sep. 2023)


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What is Hempacco Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hempacco Co's accounts receivables for the quarter that ended in Sep. 2023 was $0.55 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hempacco Co's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 38.12.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hempacco Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-1.59.

Hempacco Co Accounts Receivable Historical Data

The historical data trend for Hempacco Co'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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Hempacco Co Accounts Receivable Chart

Hempacco Co Annual Data
Trend Dec20 Dec21 Dec22
Accounts Receivable
0.01 0.28 0.24

Hempacco Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.46 0.24 0.27 0.23 0.55

Hempacco Co Accounts Receivable Calculation

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

Hempacco Co 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.554/1.326*91
=38.12

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

Hempacco Co'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)
=(0.017+0.75 * 0.554+0.5 * 0.91-5.656
-0--0.169)/2.89261
=-1.59

* 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.

Hempacco Co Accounts Receivable Related Terms

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Hempacco Co (Hempacco Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Hempacco Co Inc (NAS:HPCO) » Definitions » Accounts Receivable
Comparable Companies
XXII VPRB KAVL CBDW GNLN CHUC PYYX PM MO LSE:BATS NSE:ITC TSE:2914 LSE:IMB XKRX:033780 ISX:HMSP HKSE:06969 ISX:GGRM DHA:BATBC CAI:EAST XPRA:TABAK
Traded in Other Exchanges
N/A
Address
9925 Airway Road, San Diego, CA, USA, 92154
Website
https://hempaccoinc.com
Hempacco Co Inc is engaged in manufacturing and selling nicotine-free and tobacco-free alternatives to traditional cigarettes. It utilizes a proprietary, patented spraying technology for terpene infusion and patent-pending flavored filter infusion technology to manufacture hemp and herb-based smokable alternatives. The company's operating segments include private label manufacturing and sales, intellectual property licensing, and the development and sales of inhouse brands using patented counter displays.
Executives
Stuart W Titus director 2015 S. TUTTLE AVE A, SARASOTA FL 34239
Sandro Piancone director, 10 percent owner, officer: CEO & President 826 SCENIC TERRANCE PLACE, CHULA VISTA CA 92154
Neville Pearson officer: Chief Financial Officer 9925 AIRWAY ROAD, SAN DIEGO CA 92154
Miki Stephens director 9925 AIRWAY ROAD, SAN DIEGO CA 92154
Jerry Halamuda director 9925 AIRWAY ROAD, SAN DIEGO CA 92154