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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. ClearPoint Neuro's accounts receivables for the quarter that ended in Mar. 2024 was $2.51 Mil.
Accounts receivable can be measured by Days Sales Outstanding. ClearPoint Neuro's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 29.99.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. ClearPoint Neuro's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $0.81.
The historical data trend for ClearPoint Neuro'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.
ClearPoint Neuro Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 1.09 | 1.88 | 2.34 | 2.67 | 3.21 |
ClearPoint Neuro 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 | 2.68 | 2.80 | 2.42 | 3.21 | 2.51 |
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.
ClearPoint Neuro's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 2.511 | / | 7.639 | * | 91 |
= | 29.99 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), ClearPoint Neuro's accounts receivable are only considered to be worth 75% of book value:
ClearPoint Neuro'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) | ||
= | (35.353 | + | 0.75 * 2.511 | + | 0.5 * 7.96 | - | 19.053 |
- | 0 | - | 0) | / | 27.4163 | ||
= | 0.81 |
* 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 ClearPoint Neuro's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Lynnette C Fallon | director | 108 CHERRY HILL DRIVE, BEVERLY MA 01915 |
Linda M. Liau | director | 120 S. SIERRA AVENUE, SUITE 100, SOLANA BEACH CA 92075 |
Mazin Sabra | officer: Chief Operating Officer | 120 S. SIERRA AVENUE, SUITE 100, SOLANA BEACH CA 92075 |
Joseph Michael Burnett | director, officer: CEO and President | C/O MRI INTERVENTIONS, INC., 5 MUSICK, IRVINE CA 92618 |
L. Jeremy Stigall | officer: GM, Biologics & Drug Delivery | 120 S. SIERRA AVENUE, SUITE 100, SOLANA BEACH CA 92075 |
Danilo D'alessandro | officer: Vice President, Finance | 5 MUSICK, IRVINE CA 92618 |
Harold A Hurwitz | officer: Chief Financial Officer | |
R John Fletcher | director | C/O VYANT BIO, INC., 201 ROUTE 17 NORTH, 2ND FLOOR, RUTHERFORD NJ 07070 |
Girin Pascal E R | director | C/O MRI INTERVENTIONS, INC., 5 MUSICK, IRVINE CA 92618 |
B Kristine Johnson | director | 366 FERNDALE RD S, WAYZATA MN 55391 |
Timothy T. Richards | director | ONE COMMERCE SQUARE, SUITE 2550, MEMPHIS TN 38103 |
Matthew B. Klein | director | C/O PTC THERAPEUTICS, INC., 100 CORPORATE COURT, SOUTH PLAINFIELD NJ 07080 |
Marcio Souza | director | C/O PTC THERAPEUTICS, INC., 100 CORPORATE COURT, SOUTH PLAINFIELD NJ 07080 |
Voyager Therapeutics, Inc. | 10 percent owner | 75 HAYDEN AVENUE, LEXINGTON MA 02421 |
Wendelin C Maners | officer: Vice President, Marketing | ONE COMMERCE SQUARE, SUITE 2550, MEMPHIS TN 38103 |
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