Comprehensive Healthcare Systems (TSXV:CHS) Accounts Receivable : C$0.71 Mil (As of Sep. 2023)

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What is Comprehensive Healthcare Systems Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Comprehensive Healthcare Systems's accounts receivables for the quarter that ended in Sep. 2023 was C$0.71 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Comprehensive Healthcare Systems's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 48.82.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Comprehensive Healthcare Systems's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was C$-0.07.

Comprehensive Healthcare Systems Accounts Receivable Historical Data

The historical data trend for Comprehensive Healthcare Systems'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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Comprehensive Healthcare Systems Accounts Receivable Chart

Comprehensive Healthcare Systems Annual Data

Trend

Jan19

Jan20

Jan21

Dec22

Accounts Receivable

0.53

Comprehensive Healthcare Systems Quarterly Data
	Oct18	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Receivable	Get a 7-Day Free Trial														0.23	0.53	0.85	0.49	0.71

Comprehensive Healthcare Systems Accounts Receivable Calculation

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

Comprehensive Healthcare Systems 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.

Comprehensive Healthcare Systems's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.71	/	1.327	*	91
=	48.82

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

Comprehensive Healthcare Systems's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(0.016	+	0.75 * 0.71	+	0.5 * 0	-	9.614
-	0	-	0)	/	124.023
=	-0.07

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.

Comprehensive Healthcare Systems Accounts Receivable Related Terms

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