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MedAvail Holdings (STU:73M) Accounts Receivable : €0.27 Mil (As of Jun. 2023)


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What is MedAvail Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. MedAvail Holdings's accounts receivables for the quarter that ended in Jun. 2023 was €0.27 Mil.

Accounts receivable can be measured by Days Sales Outstanding. MedAvail Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 65.88.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. MedAvail Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was €7.29.


MedAvail Holdings Accounts Receivable Historical Data

The historical data trend for MedAvail 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.

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MedAvail Holdings Accounts Receivable Chart

MedAvail Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Accounts Receivable
0.37 1.25 1.05 2.09

MedAvail Holdings Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.96 2.29 2.09 0.19 0.27

MedAvail Holdings Accounts Receivable Calculation

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


MedAvail 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.27/0.374*91
=65.88

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

MedAvail Holdings's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=(13.253+0.75 * 0.27+0.5 * 9.29-6.335
-0-0)/1.61387
=7.29

* 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.


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.


MedAvail Holdings Accounts Receivable Related Terms

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MedAvail Holdings (STU:73M) Business Description

Traded in Other Exchanges
Address
4720 East Cotton Gin Loop, Suite 220, Phoenix, AZ, USA, 85040
MedAvail Holdings Inc is a telehealth-enabled pharmacy technology company. It operates in two segments: Retail Pharmacy Services and Pharmacy Technology. It generates the majority of revenue from the Retail Pharmacy Services segment, which is into operating SpotRx, a full-service retail pharmacy utilizing MedAvail's automated pharmacy technology, primarily servicing Medicare patients in the United States. The Pharmacy Technology segment develops and commercializes the MedCenter for direct sale or lease to third-party customers.

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