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Next Vision Stabilized Systems (XTAE:NXSN) Accounts Receivable : ₪25.4 Mil (As of Mar. 2024)


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What is Next Vision Stabilized Systems Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Next Vision Stabilized Systems's accounts receivables for the quarter that ended in Mar. 2024 was ₪25.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Next Vision Stabilized Systems's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 22.65.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Next Vision Stabilized Systems's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₪3.20.


Next Vision Stabilized Systems Accounts Receivable Historical Data

The historical data trend for Next Vision Stabilized 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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Next Vision Stabilized Systems Accounts Receivable Chart

Next Vision Stabilized Systems Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial 1.91 7.53 10.91 9.61 28.12

Next Vision Stabilized Systems Quarterly Data
Dec19 Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 Premium Member Only 14.85 14.12 17.79 28.12 25.43

Next Vision Stabilized Systems Accounts Receivable Calculation

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


Next Vision Stabilized 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.

Next Vision Stabilized Systems's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=25.426/102.422*91
=22.65

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

Next Vision Stabilized Systems'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)
=(262.969+0.75 * 25.426+0.5 * 55.562-56.744
-0-0)/79.1603
=3.20

* 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.


Next Vision Stabilized Systems Accounts Receivable Related Terms

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Next Vision Stabilized Systems (XTAE:NXSN) Business Description

Traded in Other Exchanges
N/A
Address
Tedahar 17, Ra'anana, Tel Aviv, ISR
Next Vision Stabilized Systems Ltd is engaged in the field of micro stabilized gimballed cameras. It offers the widest range of stabilized cameras and accessories for commercial, industrial and security applications. The cameras can be mounted on ground, aerial and maritime platforms, and are the preferred choice where low SWaP2 (Size, Weight, Power and Price) without compromising performance is a key requirement. Its products include Colibri1, Colibri2, Colibri212, Nighthawk1, Nighthawk2, Nighthawk2-V, Nighthawk2-UZ, and Dragoneye2.

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