Accounts Receivable are created when a customer has received a product but has not yet paid for that product. VOXX International's accounts receivables for the quarter that ended in Nov. 2023 was $91.6 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
VOXX International's Days Sales Outstanding for the quarter that ended in Nov. 2023 was 61.82.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. VOXX International's Net-Net Working Capital per share for the quarter that ended in Nov. 2023 was $-1.32.
VOXX International Accounts Receivable Historical Data
The historical data trend for VOXX International'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.
VOXX International Accounts Receivable Calculation
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
VOXX International 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.
VOXX International's Days Sales Outstanding for the quarter that ended in Nov. 2023 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), VOXX International's accounts receivable are only considered to be worth 75% of book value:
VOXX International's Net-Net Working Capital Per Share for the quarter that ended in Nov. 2023 is calculated as:
* 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.
VOXX International Accounts Receivable Related Terms
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VOXX International (VOXX International) Business Description
VOXX International Corp manufacturer and distributor in the Automotive Electronics, Consumer Electronics, and Biometrics industries. The consumer electronic products primarily consist of finished goods sold to retail and commercial customers, consisting of premium audio and other consumer electronic products. Automotive products, some of which are manufactured by the Company, are sold both to OEM and aftermarket customers. Biometric products, primarily consisting of finished goods, are sold to retail and commercial customers.
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