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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Vaso's accounts receivables for the quarter that ended in Mar. 2024 was $7.47 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Vaso's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 36.35.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Vaso's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.08.
The historical data trend for Vaso'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.
Vaso Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 20.11 | 13.96 | 21.20 | 14.51 | 12.38 |
Vaso 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 | 19.42 | 14.89 | 12.79 | 12.38 | 7.47 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
Vaso's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 7.465 | / | 18.738 | * | 91 |
= | 36.35 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Vaso's accounts receivable are only considered to be worth 75% of book value:
Vaso'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) | ||
= | (23.771 | + | 0.75 * 7.465 | + | 0.5 * 1.566 | - | 43.866 |
- | 0 | - | 0) | / | 175.319 | ||
= | -0.08 |
* 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.
Thank you for viewing the detailed overview of Vaso's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Leon Dembo | director | 137 COMMERCIAL STREET, SUITE 200, PLAINVIEW NY 11803 |
Janey Moen | director | 137 COMMERCIAL STREET, SUITE 200, PLAINVIEW NY 11803 |
Jun Ma | director | C/O VASOMEDICAL, INC., 180 LINDEN AVENUE, WESTBURY NY 11590 |
Edgar Rios | director | 1650 TYSONS BOULEVARD, SUITE 900, MCLEAN VA 22102 |
Michael Beecher | officer: Chief Financial Officer | C/O DIRECT INSITE CORP, 80 ORVILLE DRIVE, BOHEMIA NY 11716 |
Joshua Markowitz | director | 3131 PRINCETON PIKE, BLDG. 3D, SUITE 200, LAWRENCEVILLE NJ 08648 |
Jonathan P Newton | officer: Vice Pres Finance & Controller | 152 RICHMOND AVENUE, AMITYVILLE NY 11701 |
Peter C Castle | director | C/O NETWOLVES CORP, 4002 EISENHOWER BLVD, TEMPA FL 33634 |
David H Lieberman | director | 3061 INDUSTRY DR, LANCASTER PA 17603 |
Behnam Movaseghi | director | C/O KERNS MANUFACTURING CORPORATION, 37-14 29TH STREET, LONG ISLAND CITY NY 11101 |
Nelson Randall Hill | officer: Senior Vice President | 3880 EAST COUNTY HIGHWAY 30A, UNIT 201, SANTA ROSA BEACH FL 24159 |
William Edward Dempsey | director | 52 PARK AVENUE, SANDYMOUNT L2 DUBLIN 4 |
David Tarachand Singh | officer: Chief Financial Officer | C/O VASOMEDICAL, INC., 180 LINDEN AVENUE, WESTBURY NY 11590 |
Joseph Giacalone | director | |
Derek Enlander | director | 88C UNION AVENUE, CENTER MORICHES NY 11934 |
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