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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Neuronetics's accounts receivables for the quarter that ended in Dec. 2023 was $15.78 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Neuronetics's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 70.89.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Neuronetics's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.18.
The historical data trend for Neuronetics'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.
Neuronetics Annual Data | |||||||||||||||||
Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Accounts Receivable | Get a 7-Day Free Trial | 6.57 | 7.17 | 7.71 | 13.59 | 15.78 |
Neuronetics Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Accounts Receivable | Get a 7-Day Free Trial | 13.59 | 9.45 | 13.15 | 15.02 | 15.78 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
Neuronetics's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 15.782 | / | 20.314 | * | 91 |
= | 70.89 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Neuronetics's accounts receivable are only considered to be worth 75% of book value:
Neuronetics's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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) | ||
= | (60.582 | + | 0.75 * 15.782 | + | 0.5 * 8.093 | - | 81.641 |
- | 0 | - | 0) | / | 29.0913 | ||
= | -0.18 |
* 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.
Thank you for viewing the detailed overview of Neuronetics's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Keith J Sullivan | director, officer: President and CEO | C/O RELIANT TECHNOLOGIES, INC., 464 ELLIS STREET, MOUNTAIN VIEW CA 94043 |
William Andrew Macan | officer: Sr. VP, GC, CCO and Secretary | 24275 KATY FREEWAY, SUITE 600, KATY TX 77494 |
Stephen Furlong | officer: CFO | C/O NEURONETICS, INC., 3222 PHOENIXVILLE PIKE, MALVERN PA 19355 |
Robert Cascella | director | C/O HOLOGIC, INC., BEDFORD MA 01730 |
John K Bakewell | director | C/O LANTHEUS MEDICAL IMAGING, INC., 331 TREBLE COVE ROAD, NO. BILLERICA MA 01862 |
Cannell Capital Llc | 10 percent owner | 245 MERIWETHER CIRCLE, ALTA WY 83414 |
Joseph H Capper | director | BIOTELEMETRY, INC., 1000 CEDAR HOLLOW ROAD, #102, MALVERN PA 19355 |
Bruce Joseph Shook | director | 162 CRICKET AVE, ARDMORE PA 19003 |
Megan Rosengarten | director | C/O NEURONETICS, INC., 3222 PHOENIXVILLE PIKE, MALVERN PA 19355 |
Sheryl L Conley | director | C/O NEURONETICS, INC., 3222 PHOENIXVILLE PIKE, MALVERN PA 19355 |
Wilfred E Jaeger | director | C/O THREE ARCH PARTNERS, 3200 ALPINE RD, PORTOLA VALLEY CA 94028 |
Glenn P Muir | director | C/O HOLOGIC, INC., BEDFORD MA 01730 |
Gregory Harper | officer: VP of Prod. Dev. & Operations | C/O NEURONETICS, INC, 3222 PHOENIXVILLE PIKE, MALVERN PA 19355 |
Brian E Farley | director | 2200 ZANKER ROAD, SUITE F, SAN JOSE CA 95131 |
Daniel Guthrie | officer: Chief Commercial Officer | C/O NEURONETICS, INC, 322 PHOENIXVILLE PIKE, MALVERN PA 19355 |
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