C-Bond Systems (C-Bond Systems) Accounts Receivable : $0.51 Mil (As of Mar. 2024)

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What is C-Bond Systems Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. C-Bond Systems's accounts receivables for the quarter that ended in Mar. 2024 was $0.51 Mil.

Accounts receivable can be measured by Days Sales Outstanding. C-Bond Systems's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 49.37.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. C-Bond Systems's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.01.

C-Bond Systems Accounts Receivable Historical Data

The historical data trend for C-Bond Systems'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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C-Bond Systems Accounts Receivable Chart

C-Bond Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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0.15

0.08

0.17

0.27

0.42

C-Bond Systems 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															0.20	0.08	0.27	0.42	0.51

C-Bond Systems Accounts Receivable Calculation

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

C-Bond Systems 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.

C-Bond Systems's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.507	/	0.937	*	91
=	49.37

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

C-Bond Systems'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)
=	(0.198	+	0.75 * 0.507	+	0.5 * 0.102	-	3.074
-	3.034	-	0.151)	/	539.123
=	-0.01

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.

C-Bond Systems Accounts Receivable Related Terms

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C-Bond Systems (C-Bond Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » C-Bond Systems Inc (OTCPK:CBNT) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

6035 South Loop East, Houston, TX, USA, 80525

Website

https://www.cbondsystems.com

C-Bond Systems Inc is a nanotechnology company and owner, developer, and manufacturer of the patented C-Bond technology. It operates in two divisions: C-Bond and Mobile Tint. The company generates maximum revenue from the Mobile Tint segment. Mobile Tint segment is engaged in the distribution and installation of window film solutions. C-Bond segment is engaged in the manufacturing and sale of a windshield strengthening water repellent solution as well as a disinfection product, and the sale of multi-purpose glass strengthening primer and window film mounting solutions, including ballistic-resistant film systems and a forced entry system.

Executives

Allison F Tomek	director, officer: PRESIDENT	6035 SOUTH LOOP EAST, HOUSTON TX 77033
Barry M Edelstein	director	1100 GREEN VALLEY ROAD, BRYN MAWR PA 19010
Scott Viggo Thomsen	director	6035 SOUTH LOOP EAST, HOUSTON TX 77033
Scott R Silverman	officer: CEO, PRESIDENT
Pugliese Vincent Joseph Alfred	officer: CEO, Int CFO, Treas., Sec.	6035 SOUTH LOOP EAST, HOUSTON CO 77033
Boco Investments Llc	10 percent owner	103 WEST MOUNTAIN AVENUE, FORT COLLINS CO 80524
Joni K Troska	officer: Secretary	123 NORTH COLLEGE DRIVE, STE. 200, FT. COLLINGS CO 80524
Brian L Klemsz	director, officer: CEO and CFO	1601 OFFICERS ROW, VANCOUVER WA 98661