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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Evofem Biosciences's accounts receivables for the quarter that ended in Mar. 2024 was $4.31 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Evofem Biosciences's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 109.05.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Evofem Biosciences's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-1.54.
The historical data trend for Evofem Biosciences'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.
Evofem Biosciences Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | - | 1.07 | 6.45 | 1.13 | 5.74 |
Evofem Biosciences 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 | 7.40 | 5.20 | 6.32 | 5.74 | 4.31 |
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.
Evofem Biosciences's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 4.306 | / | 3.603 | * | 91 |
= | 109.05 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Evofem Biosciences's accounts receivable are only considered to be worth 75% of book value:
Evofem Biosciences'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 | + | 0.75 * 4.306 | + | 0.5 * 1.306 | - | 78.883 |
- | 0 | - | 0) | / | 48.7104 | ||
= | -1.54 |
* 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 Evofem Biosciences's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Yan Zhang | officer: Chief Financial Officer | 6166 TIKI CT, SAN DIEGO CA 92130 |
Kim P. Kamdar | director, 10 percent owner | C/O DOMAIN ASSOCIATES, L.L.C., ONE PALMER SQUARE, SUITE 515, PRINCETON NJ 08542 |
Jenny C. Yip | director | 12400 HIGH BLUFF DR., STE. 600, SAN DIEGO CA 92130 |
Atkinson Katherine Cocca | officer: Chief Commercial Officer | 12400 HIGH BLUFF., STE. 600, SAN DIEGO CA 92130 |
Saundra L Pelletier | director, officer: Chief Executive Officer | C/O EVOFEM BIOSCIENCES, INC., 12400 HIGH BLUFF DRIVE, SUITE 600, SAN DIEGO CA 92130 |
Alexander A Fitzpatrick | officer: General Counsel and Secretary | 9605 SCRANTON ROAD, SUITE 200, SAN DIEGO CA 92121 |
Justin J. File | officer: Chief Financial Officer | C/O EVOFEM BIOSCIENCES, INC., 12400 HIGH BLUFF DRIVE, SUITE 600, SAN DIEGO CA 92130 |
Anthony Stephen O'brien | director | C/O EVOFEM BIOSCIENCES, INC., 12400 HIGH BLUFF DRIVE, SUITE 600, SAN DIEGO CA 92130 |
Russell Barrans | officer: Chief Commercial Officer | C/O EVOFEM BIOSCIENCES, INC., 12400 HIGH BLUFF DRIVE, SUITE 600, SAN DIEGO CA 92130 |
Lisa Dale Rarick | director | C/O EVOFEM BIOSCIENCES, INC., 12400 HIGH BLUFF DRIVE, STE 600, SAN DIEGO CA 92130 |
William Walmsley Hall | director | C/O EVOFEM BIOSCIENCES, INC., 12400 HIGH BLUFF DIRVE, SUITE 600, SAN DIEGO CA 92130 |
Invesco Ltd. | 10 percent owner | 1331 SPRING STREET NW, SUITE 2500, ATLANTA GA 30309 |
Link Fund Solutions Ltd | 10 percent owner | 65 GRESHAM STREET, LONDON X0 EC2V 7NQ |
Acacia Research Corp | 10 percent owner | 767 3RD AVENUE, 6TH FLOOR, NEW YORK NY 10017 |
Kelly Culwell | officer: Chief Medical Officer | C/O EVOFEM BIOSCIENCES, INC., 12400 HIGH BLUFF DRIVE, SUITE 600, SAN DIEGO CA 92130 |
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