GPO Plus (GPO Plus) Accounts Receivable : $0.03 Mil (As of Jan. 2024)

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What is GPO Plus Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. GPO Plus's accounts receivables for the quarter that ended in Jan. 2024 was $0.03 Mil.

Accounts receivable can be measured by Days Sales Outstanding. GPO Plus's Days Sales Outstanding for the quarter that ended in Jan. 2024 was 2.68.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. GPO Plus's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $-0.14.

GPO Plus Accounts Receivable Historical Data

The historical data trend for GPO Plus'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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GPO Plus Accounts Receivable Chart

GPO Plus Annual Data

Trend

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Accounts Receivable

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0.01

0.04

GPO Plus Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Accounts Receivable	Get a 7-Day Free Trial															0.01	0.04	0.07	0.07	0.03

GPO Plus Accounts Receivable Calculation

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

GPO Plus 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.

GPO Plus's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.032	/	1.09	*	91
=	2.68

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

GPO Plus's Net-Net Working Capital Per Share for the quarter that ended in Jan. 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)
=	(0.407	+	0.75 * 0.032	+	0.5 * 0.42	-	6.977
-	0	-	0)	/	44.2239
=	-0.14

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.

GPO Plus Accounts Receivable Related Terms

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GPO Plus (GPO Plus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » GPO Plus Inc (OTCPK:GPOX) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

3571 E. Sunset Road, Suite 300, Las Vegas, NV, USA, 89120

Website

https://www.gpoplus.com

GPO Plus Inc is a fully reporting global holding company of industry-specific Group Purchasing Organizations (GPO). The company's main holdings are HealthGPO, a Group Purchasing Organization for the Healthcare industry, and cbdGPO, a Group Purchasing Organization for the CBD and Hemp industry. In addition, GPOPlus+ offers professional services through GPOPRO Services. The Company's business is organized around four key areas which are products (developing and manufacturing), distribution (getting our products to customers), marketing (promoting our products), and sales (selling our products to consumers and retailers).