Earth Science Tech (Earth Science Tech) Accounts Receivable : $0.11 Mil (As of Dec. 2023)

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What is Earth Science Tech Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Earth Science Tech's accounts receivables for the quarter that ended in Dec. 2023 was $0.11 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Earth Science Tech's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 2.72.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Earth Science Tech's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.00.

Earth Science Tech Accounts Receivable Historical Data

The historical data trend for Earth Science Tech'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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Earth Science Tech Accounts Receivable Chart

Earth Science Tech Annual Data

Trend

Mar13

Mar14

Mar15

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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0.07

0.04

0.01

Earth Science Tech 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															-	-	-	0.06	0.11

Earth Science Tech Accounts Receivable Calculation

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

Earth Science Tech 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.

Earth Science Tech's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.113	/	3.79	*	91
=	2.72

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

Earth Science Tech'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)
=	(0.206	+	0.75 * 0.113	+	0.5 * 0.395	-	1.086
-	0.001	-	0)	/	314.851
=	-0.00

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.

Earth Science Tech Accounts Receivable Related Terms

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Earth Science Tech (Earth Science Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Earth Science Tech Inc (OTCPK:ETST) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

8950 SW 74th CT, Suite 101, Miami, FL, USA, 33156

Website

https://www.earthsciencetech.com

Earth Science Tech Inc is a diversified holding company. Currently, the company is focused on emerging prospects in the health and wellness industry.

Executives

Giorgio R. Saumat	director	449 ESPLANADE DR, MIAMI SPRINGS FL 33166
Majorca Group, Ltd.	10 percent owner	1621 CENTRAL AVE, CHEYENNE WY 90501
David Barbash	officer: Chief Sales Officer	109 SWIFT CREEK CROSSING, DURHAM NC 27713
Nickolas Salomon Tabraue	director, officer: President & Chairman	4100 SALZEDO STREET, UNIT 420, CORAL GABLES FL 33146
Wendell Hecker	officer: CFO	2606 NW 104 TH AVE #410, SUNRISE FL 33322
Gregg Gagan Hunter	director, officer: COO & Director	774 86TH STREET, MIAMI FL 33138
Michel Aube	officer: CEO & CSO	8837,RUE DE CHAMP D'EAU, MONTR?AL A8 HIP 3A6
Matthew Cohen	officer: CEO & CFO	1702 COSTA DEL SOL, BOCA RATON FL 33432
Thomas H Wright	director, officer: Chief Operating Officer	1600 SOUTH DIXIE HWY., SUITE 300, BOCA RATON FL 33432
Harvey Katz	officer: CEO	2255 GLADES ROAD, #324A, BOCA RATON FL 33431
Issa El-cheikh	director, officer: President	40 EAST MAIN STREET #998, NEWARK DE 19711
Great Lakes Holdings Group, Llc	10 percent owner	3825 HUNTINGTON AVENUE, WINDSOR A6 N9E3N4