Eightco Holdings (Eightco Holdings) Accounts Receivable : $1.98 Mil (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Eightco Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Eightco Holdings's accounts receivables for the quarter that ended in Dec. 2023 was $1.98 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Eightco Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 11.64.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Eightco Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-10.53.

Eightco Holdings Accounts Receivable Historical Data

The historical data trend for Eightco Holdings'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.

* Premium members only.

Eightco Holdings Accounts Receivable Chart

Eightco Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

0.87

1.26

1.98

Eightco Holdings Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial								1.26	2.14	1.81	2.78	1.98

Eightco Holdings Accounts Receivable Calculation

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

Eightco Holdings 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.

Eightco Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.981	/	15.526	*	91
=	11.64

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

Eightco Holdings'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)
=	(5.248	+	0.75 * 1.981	+	0.5 * 6.08	-	59.759
-	0	-	-0.415)	/	4.70642
=	-10.53

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.

Eightco Holdings Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Eightco Holdings's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Eightco Holdings (Eightco Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Eightco Holdings Inc (NAS:OCTO) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 9th Avenue North, Suite 220, Safety Harbor, FL, USA, 34695

Website

https://www.8co.holdings

Eightco Holdings Inc is committed to growth focused around its existing subsidiaries, Forever 8, an inventory management platform for e-commerce sellers, and Ferguson Containers, a provider of complete manufacturing and logistical solutions for product and packaging needs, through strategic management and investment. In addition, the company is actively seeking new opportunities to add to its portfolio of technology solutions focused on the e-commerce ecosystem through strategic acquisitions.

Executives

Brian Mcfadden	director, officer: President and CEO	855 BAYWAY BLVD, CLEARWATER BEACH FL 33767
Louis Foreman	director	520 ELLIOT STREET, CHARLOTTE NC 28202
Frank D Jennings	director	1739 SAILMAKER STREET, CHARLESTON SC 29492
Vroman Brett Earl James	officer: Chief Financial Officer	C/O EDISON NATION, INC., 909 NEW BRUNSWICK AVENUE, PHILLIPSBURG NJ 08865
Kevin J O'donnell	director, officer: Chairman	91 OAKLEIGH LANE, MAITLAND FL 32751
Vinco Ventures, Inc.	10 percent owner	C/O INCORP SERVICES, 3773 HOWARD HUGHES PKWY. STE 500S, LAS VEGAS NV 89169
Mary Ann Halford	director	12 BRIARBROOK DRIVE, BRIARCLIFF MANOR NY 10510