Pure Harvestorate Group (Pure Harvestorate Group) Accounts Receivable : $0.03 Mil (As of Mar. 2022)

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What is Pure Harvestorate Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Pure Harvestorate Group's accounts receivables for the quarter that ended in Mar. 2022 was $0.03 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Pure Harvestorate Group's Days Sales Outstanding for the quarter that ended in Mar. 2022 was 6.47.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Pure Harvestorate Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2022 was $-0.13.

Pure Harvestorate Group Accounts Receivable Historical Data

The historical data trend for Pure Harvestorate Group'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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Pure Harvestorate Group Accounts Receivable Chart

Pure Harvestorate Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Accounts Receivable

0.02

0.09

Pure Harvestorate Group Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Accounts Receivable	Get a 7-Day Free Trial													0.15	0.12	0.03	0.09	0.03

Pure Harvestorate Group Accounts Receivable Calculation

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

Pure Harvestorate Group 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.

Pure Harvestorate Group's Days Sales Outstanding for the quarter that ended in Mar. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.03	/	0.423	*	91
=	6.47

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

Pure Harvestorate Group's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2022 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)
=	(0.261	+	0.75 * 0.03	+	0.5 * 1.007	-	9.681
-	0.539	-	0)	/	74.7621
=	-0.13

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.

Pure Harvestorate Group Accounts Receivable Related Terms

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Pure Harvestorate Group (Pure Harvestorate Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Pure Harvest Corporate Group Inc (OTCPK:PHCG) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

8879 Forest Drive, Littleton, CO, USA, 80126

Website

https://www.pureharvestgroup.com

The Pure Harvest Corporate Group, Inc. (OTCQB: PHCG) is a publicly-traded holding company focused on emerging and high-growth industries. The PHCG team is committed to formulating, manufacturing, and distributing high-quality cannabis and hemp-derived cannabinoid consumer products in markets where it is legal to do so. The Company has developed numerous retail brands and product lines that are currently available for purchase in select markets. Pure Harvest intends to grow its cannabis, hemp-derived cannabinoids, and Test Kitchen operations and expand globally as the laws regarding cannabis are reviewed and rewritten to repeal their prohibition.