GSRX Industries (GSRX Industries) Change In Receivables : $0.07 Mil (TTM As of Sep. 2020)

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What is GSRX Industries Change In Receivables?

GSRX Industries's change in receivables for the quarter that ended in Sep. 2020 was $0.00 Mil. It means GSRX Industries's Accounts Receivable stayed the same from Jun. 2020 to Sep. 2020 .

GSRX Industries's change in receivables for the fiscal year that ended in Dec. 2019 was $0.02 Mil. It means GSRX Industries's Accounts Receivable declined by $0.02 Mil from Dec. 2018 to Dec. 2019 .

GSRX Industries's Accounts Receivable for the quarter that ended in Sep. 2020 was $0.01 Mil.

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 Receivable are being managed. GSRX Industries's Days Sales Outstanding for the three months ended in Sep. 2020 was 0.33.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. GSRX Industries's liquidation value for the three months ended in Sep. 2020 was $-2.69 Mil.

GSRX Industries Change In Receivables Historical Data

The historical data trend for GSRX Industries's Change In Receivables 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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GSRX Industries Change In Receivables Chart

GSRX Industries Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Change In Receivables

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-0.04

0.02

GSRX Industries Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Change In Receivables	Get a 7-Day Free Trial															-0.05	0.05	0.01	-	-

GSRX Industries Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Sep. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.07 Mil.

GSRX Industries (OTCPK:GSRX) Change In Receivables 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 Receivable are being managed.

GSRX Industries's Days Sales Outstanding for the quarter that ended in Sep. 2020 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.01	/	2.746	*	91
=	0.33

2. In Ben Graham's calculation of liquidation value, GSRX Industries's accounts receivable are only considered to be worth 75% of book value:

GSRX Industries's liquidation value for the quarter that ended in Sep. 2020 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0	-	3.003	+	0.75 * 0.01	+	0.5 * 0.612
=	-2.69

GSRX Industries Change In Receivables Related Terms

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GSRX Industries (GSRX Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » GSRX Industries Inc (OTCPK:GSRX) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building No. 3, int. Jose Efron Avenue, P.R. 606, Dorado, PRI, 00646

Website

http://www.greenspiritrx.com

GSRX Industries Inc is a vertically integrated retail, production, and cultivation firm which provides unique medical and adult-use cannabis products. The dispensaries are located in Puerto Rico and California. The company generates revenue by selling medical cannabis, edibles, and paraphernalia, including, oils, lotions, THC pills, vaporizers, rigs, grinders, t-shirts, hats, logo items, and bongs and pipes with a vaporizer. Its geographical segments include California, Tennessee, Texas, and Puerto Rico, out of which a vast majority is generated from Puerto Rico.

Executives

Geoffrey Alison	director, officer: President and Secretary	122 OCEAN PARK BLVD., SUITE 307, SANTA MONICA CA 90405
Fountainhead Capital Management Ltd	10 percent owner	PORTMAN HOUSE HUE STREET, ST HELIER, JERSEY CHANNEL ISLANDS X0 JE45RP
Henry C. Casden	director, officer: CEO	74090 EL PASEO SUITE 205 PALM DESERT CA 92260