POSaBIT Systems (XCNQ:PBIT) Accounts Receivable : C$1.67 Mil (As of Dec. 2023)

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What is POSaBIT Systems Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. POSaBIT Systems's accounts receivables for the quarter that ended in Dec. 2023 was C$1.67 Mil.

Accounts receivable can be measured by Days Sales Outstanding. POSaBIT Systems's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 22.67.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. POSaBIT Systems's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was C$-0.05.

POSaBIT Systems Accounts Receivable Historical Data

The historical data trend for POSaBIT 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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POSaBIT Systems Accounts Receivable Chart

POSaBIT Systems Annual Data

Trend

Oct17

Oct18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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0.61

2.43

2.99

3.73

1.67

POSaBIT Systems Quarterly Data
	Jan19	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															3.73	3.94	4.16	2.23	1.67

POSaBIT Systems Accounts Receivable Calculation

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

POSaBIT 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.

POSaBIT Systems's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.674	/	6.739	*	91
=	22.67

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

POSaBIT Systems'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)
=	(2.042	+	0.75 * 1.674	+	0.5 * 0.019	-	10.534
-	0	-	0)	/	156.35
=	-0.05

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.

POSaBIT Systems Accounts Receivable Related Terms

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POSaBIT Systems (XCNQ:PBIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » POSaBIT Systems Corp (XCNQ:PBIT) » Definitions » Accounts Receivable

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POSAF:USA

Address

11915 124th Ave NE, Kirkland, WA, USA, 98034

Website

https://www.posabit.com

POSaBIT Systems Corp is a financial technology company. The company involves the point-of-sale arrangements designed to offer consumers an easy way to purchase goods and services. The company offers Payment Services and Point-of-Sale (POS) Services. The majority of its revenue comes from Payment Services, which generates revenues via setup costs, hardware costs, transaction fees, and convenience fees. Its geographical segments are Canada and the United States, of which all of its revenues come from the United States.

Executives

Alex Sharp

10% Security Holder

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