NextPlat (NextPlat) Accounts Receivable : $12.93 Mil (As of Mar. 2024)

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What is NextPlat Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. NextPlat's accounts receivables for the quarter that ended in Mar. 2024 was $12.93 Mil.

Accounts receivable can be measured by Days Sales Outstanding. NextPlat's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 67.44.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. NextPlat's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $0.12.

NextPlat Accounts Receivable Historical Data

The historical data trend for NextPlat'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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NextPlat Accounts Receivable Chart

NextPlat Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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0.24

0.18

0.35

0.38

8.92

NextPlat 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															0.96	0.59	7.80	8.92	12.93

NextPlat Accounts Receivable Calculation

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

NextPlat 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.

NextPlat's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	12.928	/	17.493	*	91
=	67.44

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

NextPlat'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)
=	(23.526	+	0.75 * 12.928	+	0.5 * 5.61	-	17.968
-	0	-	15.87)	/	18.7246
=	0.12

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.

NextPlat Accounts Receivable Related Terms

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NextPlat (NextPlat) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NextPlat Corp (NAS:NXPL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3250 Mary Street, Suite 410, Coconut Grove, FL, USA, 33133

Website

https://www.nextplat.com

NextPlat Corp is an e-commerce platform company created to capitalize on multiple sectors and markets for physical and digital assets. The company intends to collaborate with businesses, optimizing their ability to sell their goods online, domestically, and internationally, and enabling customers and partners to maximize their e-commerce presence and revenue.

Executives

Frost Gamma Investments Trust	10 percent owner	4400 BISCAYNE BLVD, MIAMI FL 33137
Frost Phillip Md Et Al	10 percent owner	4400 BISCAYNE BLVD, MIAMI FL 33137-3227
Rodney Barreto	director	460 MARQUESA DRIVE, CORAL GABLES FL 33156
David Phipps	director, officer: CEO of Issuer, other: President of Orbital Satcom Co	UNIT G5 ARENA BUSINESS CENTRE, HOLYROOD CLOSE, POOLE X0 BH177FJ
Charles M. Fernandez	director, officer: CEO & Chairman	C/O FAIRHOLME CAPITAL MANAGEMENT, L.L.C., 4400 BISCAYNE BOULEVARD, 9TH FLOOR, MIAMI FL 33137
Cecile Munnik	officer: Chief Financial Officer	400 ANSIN BLVD SUITE A, HALLANDALE BEACH FL 33009
Bedwell Robert Phillip Jr.	officer: Chief Compliance Officer	6074 TRUMPET FLOWER AVE.,, FLOWERY BRANCH, GA 30542
Maria Cristina Fernandez	director	200 BISCAYNE BOULEVARD WAY, APT 39, MIAMI FL 33131
Louis Cusimano	director	PO BOX 1156, MONTAUK NY 11954
Douglas Ellenoff	director, officer: Chief Business Development	C/O INTERVISUAL BOOKS INC, 12910 CULVER BLVD #C, LOS ANGELES CA 90066
Paul R Thomson	officer: Executive Vice President	METROMEDIA CO, ONE MEADOWLANDS PLAZA, EAST RUTHERFORD NJ 07073
Andrew Scott Cohen	officer: SVP of Operations	18851 NE 29TH AVE. SUITE 700, AVENTURA FL 33180
Sarwar Uddin	officer: Chief Financial Officer	18851 NE 29TH AVENUE,, SUITE 700, AVENTURA FL 33180
John Edward Miller	director	1011 W 66TH ST, KANSAS CITY MO 64113
Kendall W. Carpenter	director	6701 S ATLANTA AVE, TULSA OK 74136