Scientific Industries (Scientific Industries) Accounts Receivable : $1.15 Mil (As of Mar. 2024)

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What is Scientific Industries Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Scientific Industries's accounts receivables for the quarter that ended in Mar. 2024 was $1.15 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Scientific Industries's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 42.06.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Scientific Industries's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $0.49.

Scientific Industries Accounts Receivable Historical Data

The historical data trend for Scientific Industries'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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Scientific Industries Accounts Receivable Chart

Scientific Industries Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Dec23

Accounts Receivable

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1.97

1.06

1.30

1.50

1.16

Scientific Industries 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															1.17	1.09	1.29	1.16	1.15

Scientific Industries Accounts Receivable Calculation

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

Scientific Industries 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.145	/	2.484	*	91
=	42.06

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

Scientific Industries'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)
=	(4.757	+	0.75 * 1.145	+	0.5 * 4.868	-	2.927
-	0	-	0)	/	10.5036
=	0.49

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.

Scientific Industries Accounts Receivable Related Terms

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Scientific Industries (Scientific Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Scientific Industries Inc (OTCPK:SCND) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 Orville Drive, Suite 102, Bohemia, NY, USA, 11716

Website

https://www.scientificindustries.com

Scientific Industries Inc is engaged in the design, manufacture, and marketing of benchtop laboratory equipment. Its products are used for research purposes by universities, pharmaceutical companies, pharmacies, national laboratories, medical device manufacturers, petrochemical companies, and other industries performing laboratory-scale research. The company's operating segment includes Benchtop Laboratory Equipment, Bioprocessing Systems and Corporate. It generates maximum revenue from the Benchtop Laboratory Equipment segment. The company offers equipment products such as mixers, shakers, stirrers, refrigerated incubators, pharmacy balances and scales, force gauges, catalyst instruments, reactor systems, and high throughput systems.

Executives

Bleichroeder Lp	10 percent owner	1345 AVENUE OF THE AMERICAS, 47TH FLOOR, NEW YORK NY 10105
Marcus Frampton	director, 10 percent owner	800 F STREET, UNIT #P2, JUNEAU AK 99801
Jurgen Walter Schumacher	director	WARTAWEIL 14, HERRSCHING 2M 82211
Reginald Averilla	officer: Chief Financial Officer	175-20 WEXFORD TERRACE, APT 2X, JAMAICA NY 11432
Joseph G Cremonese	director	C/O SCIENTIFIC INDUSTRIES INC, 70 ORVILLE DR, BOHEMIA NY 11716
John A Moore	director	403 MARSH LANE, WILMINGTON DE 19807
Helena R Santos	director, officer: President and CEO
Veradace Partners Lp	10 percent owner	2626 COLE AVENUE, SUITE 300, DALLAS TX 75204
James B Polk	officer: Chief Commercial Officer	7550 GLEN RIDGE DRIVE, CASTLE PINES CO 80101
Roy T Eddleman	10 percent owner	110 W. GEORGE BURNS ROAD, SUITE D-4018, LOS ANGELES CA 90048
Lyon Polk	10 percent owner	1585 BROADWAY, 22ND FLOOR, NEW YORK NY 10036
Christopher T Cox	10 percent owner	CADWALADER, WICKERSHAM & TAFT LLP, ONE WORLD FINANCIAL CENTER, NEW YORK NY 10281
Robert Nichols	officer: Secretary	C/O SCIENTIFIC INDUSTRIES, INC., 70 ORVILLE DRIVE, BOHEMIA NY 11716
Watkins John F F	director	469 PUMPKIN LANE, CLINTON CORNERS NY 12514
Karl Nowosielski	officer: President-Division	C/O SCIENTIFIC INDUSTRIES, 70 ORVILLE DRIVE, BOHEMIA NY 11716