12 Retech (12 Retech) Accounts Receivable : $0.01 Mil (As of Dec. 2021)

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What is 12 Retech Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. 12 Retech's accounts receivables for the quarter that ended in Dec. 2021 was $0.01 Mil.

Accounts receivable can be measured by Days Sales Outstanding. 12 Retech's Days Sales Outstanding for the quarter that ended in Dec. 2021 was 7.35.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. 12 Retech's Net-Net Working Capital per share for the quarter that ended in Dec. 2021 was $-0.00.

12 Retech Accounts Receivable Historical Data

The historical data trend for 12 Retech'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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12 Retech Accounts Receivable Chart

12 Retech Annual Data

Trend

Nov14

Nov15

Nov16

Dec17

Dec18

Dec19

Dec20

Dec21

Accounts Receivable

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0.02

0.13

0.01

12 Retech Quarterly Data
	Feb17	May17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Accounts Receivable	Get a 7-Day Free Trial															-	0.08	0.02	0.01	0.01

12 Retech Accounts Receivable Calculation

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

12 Retech 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.

12 Retech's Days Sales Outstanding for the quarter that ended in Dec. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.012	/	0.149	*	91
=	7.35

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), 12 Retech's accounts receivable are only considered to be worth 75% of book value:

12 Retech's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2021 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)
=	(0.013	+	0.75 * 0.012	+	0.5 * 0.104	-	17.931
-	0.977	-	-0.661)	/	12862.5
=	-0.00

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.

12 Retech Accounts Receivable Related Terms

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12 Retech (12 Retech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » 12 Retech Corp (OTCPK:RETC) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

2828 N. Central Avenue, Suite 831, Phoenix, AZ, USA, 85004

Website

https://www.12reTech.com

12 Retech Corp mainly engages in the creation of mobile software applications. The company, through its subsidiaries, develops, improves, acquires, and licenses technologies designed to merge between real brick and mortar stores with online retailing of transacting commerce. It develops an omnichannel solution name 12 Technology Suite, through which retailers can choose the entire suite as per their need and combines real-world shopping with online media. The company's products which are based on its 12 technology suite include 12 Mirror, 12 Kiosk, 12 in-store apps, 12 Mobile apps, and 12 ERP.