3 Sixty Risk Solutions (3 Sixty Risk Solutions) Accounts Receivable : $4.67 Mil (As of Sep. 2019)

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What is 3 Sixty Risk Solutions Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. 3 Sixty Risk Solutions's accounts receivables for the quarter that ended in Sep. 2019 was $4.67 Mil.

Accounts receivable can be measured by Days Sales Outstanding. 3 Sixty Risk Solutions's Days Sales Outstanding for the quarter that ended in Sep. 2019 was 65.69.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. 3 Sixty Risk Solutions's Net-Net Working Capital per share for the quarter that ended in Sep. 2019 was $-0.04.

3 Sixty Risk Solutions Accounts Receivable Historical Data

The historical data trend for 3 Sixty Risk Solutions'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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3 Sixty Risk Solutions Accounts Receivable Chart

3 Sixty Risk Solutions Annual Data

Trend

Sep09

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Accounts Receivable

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0.13

3 Sixty Risk Solutions Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Accounts Receivable	Get a 7-Day Free Trial															-	-	2.60	4.32	4.67

3 Sixty Risk Solutions Accounts Receivable Calculation

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

3 Sixty Risk Solutions 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.

3 Sixty Risk Solutions's Days Sales Outstanding for the quarter that ended in Sep. 2019 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.665	/	6.48	*	91
=	65.69

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), 3 Sixty Risk Solutions's accounts receivable are only considered to be worth 75% of book value:

3 Sixty Risk Solutions's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2019 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)
=	(1.526	+	0.75 * 4.665	+	0.5 * 0.038	-	11.616
-	0	-	0)	/	154.378
=	-0.04

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.

3 Sixty Risk Solutions Accounts Receivable Related Terms

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3 Sixty Risk Solutions (3 Sixty Risk Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » 3 Sixty Risk Solutions Ltd (OTCPK:SAYFF) » Definitions » Accounts Receivable

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Address

12-83 Little Bridge Street, Almonte, ON, CAN, V6C 2V6

Website

https://www.3sixtysecure.com

3 Sixty Risk Solutions Ltd provides risk mitigation services to the public and private sectors. It offers services primarily in the risk management spectrum, from providing secure transport services nationally, to embedding security specialists within Canada. The company also is focused on physical security and transportation within the cannabis industry. It also provides corporate knowledge and experience in diverse environments and sectors across Canada and Internationally including cannabis, critical infrastructure, non-core policing, oil and gas, and mining.