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AppTech Payments (AppTech Payments) Accounts Receivable : $0.02 Mil (As of Mar. 2024)


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What is AppTech Payments Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. AppTech Payments's accounts receivables for the quarter that ended in Mar. 2024 was $0.02 Mil.

Accounts receivable can be measured by Days Sales Outstanding. AppTech Payments's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 19.12.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. AppTech Payments's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.11.


AppTech Payments Accounts Receivable Historical Data

The historical data trend for AppTech Payments'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.

* Premium members only.

AppTech Payments Accounts Receivable Chart

AppTech Payments Annual Data
Trend Dec12 Dec13 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.03 0.04 0.04 0.05 0.03

AppTech Payments Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.06 0.44 0.25 0.03 0.02

AppTech Payments Accounts Receivable Calculation

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


AppTech Payments 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.

AppTech Payments's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.022/0.105*91
=19.12

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

AppTech Payments's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=(1.553+0.75 * 0.022+0.5 * 0-4.168
-0-0)/24.7299
=-0.11

* 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.


AppTech Payments Accounts Receivable Related Terms

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AppTech Payments (AppTech Payments) Business Description

Traded in Other Exchanges
N/A
Address
5876 Owens Avenue, Suite 100, Carlsbad, CA, USA, 92008
AppTech Payments Corp is a FinTech company utilizing various payment processing and digital banking technologies to complement core merchant services capabilities. The company's patented and proprietary software will provide progressive and adaptable products that are available through a suite of synergistic offerings directly to merchants, banking institutions, and business enterprises. It is developing a secure digital payments and banking platform that powers commerce experiences for clients and customers. Based upon industry standards for payment and banking protocols, it will offer standalone products and fully integrated solutions that deliver unparalleled payments, banking, and financial services experiences.
Executives
Chad Nelley officer: COO 5876 OWENS AVE, SUITE #100, CARLSBAD CA 92008
Benjamin D Jenkins officer: CTO 5876 OWENS AVE., SUITE 100, CARLSBAD CA 92008
Christopher S Williams director 5876 OWENS AVE, SUITE 100, CARLSBAD CA 92008
Michael A. O'neal director C/O NORTEK SECURITY & CONTROL LLC, 1950 CAMINO VIDA ROBLE, CARLSBAD CA 92008
William Huff director 2275 RIO BONITO WAY, SUITE 210, SAN DIEGO CA 92108
Mengyin H Liang director 124 STELLAR, IRVINE CA 92618
Marc D Evans officer: Corporate Secretary 5876 OWENS AVE, SUITE 100, CARLSBAD CA 92008
Michael Yadgar director PO BOX 259, MANAMA C6 00000
Ventures Ndigital 10 percent owner C/O INFINIOS SOLUTIONS (BAHRAIN) W.L.L., PO BOX 11970, MANAMA C6 00000
Virgil Llapitan other: Executive Vice President 2302 ALTISMA WAY, 104, CARLSBAD CA 92009
Michael B Gross director 5876 OWENS AVENUE, SUITE 100, CARLSBAD CA 92008
Jeffrey Moriarty officer: Secretary 12545 PARISH ROAD, SAN DIEGO CA 92128
Gary B Wachs director, officer: Chief Financial Officer 23500 MERCANTILE RD, SUITE A, BEACHWOOD OH 44122
Luke Damian D'angelo director, 10 percent owner, officer: Executive Director, Chairman 2011 PALOMAR AIRPORT ROAD, SUITE 102, CARLSBAD CA 92011
Timothy J Connolly director, 10 percent owner, officer: President and CEO 1770 ST JAMES PLACE, SUITE 116, HOUSTON TX 77056