Aether Catalyst Solutions (XCNQ:ATHR) Accounts Receivable : C$0.04 Mil (As of Dec. 2023)

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What is Aether Catalyst Solutions Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Aether Catalyst Solutions's accounts receivables for the quarter that ended in Dec. 2023 was C$0.04 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Aether Catalyst Solutions's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was C$-0.01.

Aether Catalyst Solutions Accounts Receivable Historical Data

The historical data trend for Aether Catalyst 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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Aether Catalyst Solutions Accounts Receivable Chart

Aether Catalyst Solutions Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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0.05

0.04

0.03

0.05

0.04

Aether Catalyst Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															0.05	0.05	0.05	0.02	0.04

Aether Catalyst Solutions Accounts Receivable Calculation

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

Aether Catalyst 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.

Aether Catalyst Solutions's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.042	/	0	*	91
=

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

Aether Catalyst Solutions's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(0.017	+	0.75 * 0.042	+	0.5 * 0	-	0.325
-	0	-	0)	/	54.2828
=	-0.01

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.

Aether Catalyst Solutions Accounts Receivable Related Terms

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Aether Catalyst Solutions (XCNQ:ATHR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Aether Catalyst Solutions Inc (XCNQ:ATHR) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

2QZ:Germany

Address

8337 Eastlake Drive, Unit 104, Burnaby, BC, CAN, V5A 4W2

Website

https://www.aethercatalyst.com

Aether Catalyst Solutions Inc is focused on providing an order of magnitude cost reduction in catalytic converter catalysts, while meeting, or exceeding government emission standards. It is working to quickly advance its technology through rapid screening of new materials directed at enhancing end of life conversion levels after accelerated aging. The company's primary focus has been on automotive applications where it is looking to replace precious metals in automotive catalysts for gasoline powered engines. The company's target markets are the heavily regulated automotive industry and the unregulated small motors industry.

Executives

Paul John Courtney Woodward

10% Security Holder, Director, Director or Senior Officer of 10% Security Holder, Senior Officer

Aether Catalyst Solutions (XCNQ:ATHR) Headlines

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