ICTS International NV (ICTS International NV) Accounts Receivable : $70.4 Mil (As of Dec. 2023)

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What is ICTS International NV Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. ICTS International NV's accounts receivables for the quarter that ended in Dec. 2023 was $70.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. ICTS International NV's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 56.60.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. ICTS International NV's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-1.58.

ICTS International NV Accounts Receivable Historical Data

The historical data trend for ICTS International NV'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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ICTS International NV Accounts Receivable Chart

ICTS International NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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43.31

34.37

55.09

54.31

70.44

ICTS International NV Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															55.09	56.47	54.31	68.09	70.44

ICTS International NV Accounts Receivable Calculation

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

ICTS International NV 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.

ICTS International NV's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	70.442	/	227.134	*	91
=	56.60

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

ICTS International NV'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)
=	(89.224	+	0.75 * 70.442	+	0.5 * 0	-	106.178
-	0	-	94.989)	/	37.4333
=	-1.58

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.

ICTS International NV Accounts Receivable Related Terms

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ICTS International NV (ICTS International NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ICTS International NV (OTCPK:ICTSF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Walaardt Sacrestraat 425-5, 1117 BM Schiphol-Oost, Amsterdam, NH, NLD, 1117

Website

https://www.ictsintl.com

ICTS International NV provides aviation security and other aviation services. Business activity of the firm is operated through Corporate, Airport security and other aviation services, and Authentication Technology segments. The Airport security and other aviation segment provide security and other services to airlines and airport authorities, predominantly in Europe and the U.S. The Authentication technology segment is involved in the development and sale of authentication security software to financial and other institutions. The geographical presence of the company in Germany, United States, Netherlands, Spain and Other countries out of its majority of the revenue generated from Germany.

Executives

Rom Shaked	other: Managing Director	79 EERSTE OOSTERPARKSTRAAT, AMSTERDAM P7 1091GW
Igal Tabori	10 percent owner	19 ALUMIM STREET, TEL AVIV L3 69690
Philip Getter	director, 10 percent owner	PRIME CHARTER LTD, 810 SEVENTH AVE, NEW YORK NY 10019
Spencer Corp	10 percent owner	AM HANSAKAI 14, ROSTOCK 2M 18147
Menachem Atzmon	director	ONE ROCKEFELLER PLAZA, SUITE 2412, NEW YORK NY 10020
David W Sass	director, 10 percent owner	260 MADISON AVE 18TH FLR, NEW YORK NY 10016
Gail Lieberman	director	175 EAST 79TH STREET, APT. 4D, NEW YORK NY 10075
Gordon Hausmann	director	C/O CH. HAUSMANN & CO., 5 DE WALDEN COURT 85 NEW CAVENDISH STREE, LONDON X0 W1W6XD
Ron Atzmon	director	18A YAAKOV STREET, TEL AVIV L3 6901552
Gil Atzmon	director	2 HACHERMESH STREET, SAVYON L3 0000000000
Alon Raich	director	C/O ICTS INTERNATIONAL, N.V., BIESBOSCH 225, 1181 JC AMSTELVEEN P7 0000000000
Elie Housman	director	600 WEST END AVENUE 12-CD, NEW YORK NY 10022
Amos Megides	10 percent owner	21 MOROD HANACHAL STREET, HOFIT L3 40300
Ran Langer	officer: Managing Director	ONE ROCKEFELLER PLAZA, SUITE 2412, NEW YORK NY 10020
Dan Avraham	officer: Managing Director	ONE ROCKEFELLER PLAZA, SUITE 2412, NEW YORK NY 10020