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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. iRhythm Technologies's accounts receivables for the quarter that ended in Dec. 2023 was $61.5 Mil.
Accounts receivable can be measured by Days Sales Outstanding. iRhythm Technologies's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 42.34.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. iRhythm Technologies's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-1.17.
The historical data trend for iRhythm Technologies'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.
iRhythm Technologies Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 23.87 | 29.93 | 46.43 | 49.92 | 61.48 |
iRhythm Technologies 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 | 49.92 | 49.56 | 51.11 | 50.07 | 61.48 |
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.
iRhythm Technologies's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 61.484 | / | 132.511 | * | 91 |
= | 42.34 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), iRhythm Technologies's accounts receivable are only considered to be worth 75% of book value:
iRhythm Technologies'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) | ||
= | (133.764 | + | 0.75 * 61.484 | + | 0.5 * 13.973 | - | 223.047 |
- | 0 | - | 0) | / | 30.954 | ||
= | -1.17 |
* 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 iRhythm Technologies's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Daniel G. Wilson | officer: EVP, Strategy Corp Dev Inv Rel | 699 8TH STREET, SUITE 600, SAN FRANCISCO CA 94103 |
Patrick Michael Murphy | officer: CLO & EVP RA/QA MrktAcs & Gov | 6340 SEQUENCE DRIVE, SAN DIEGO CA 92121 |
Mervin Smith | officer: EVP Strategic Business Ops | C/O IRHYTHM TECHNOLOGIES, INC., 699 8TH ST #600, SAN FRANCISCO CA 94103 |
Marc W. Rosenbaum | officer: Chief Accounting Officer | 7475 LUSK BLVD., SAN DIEGO CA 92121 |
Brice Bobzien | officer: Chief Financial Officer | C/O IRHYTHM TECHNOLOGIES, INC., 699 8TH ST #600, SAN FRANCISCO CA 94103 |
Chad Patterson | officer: Chief Commercial Officer | 6340 SEQUENCE DRIVE, SAN DIEGO CA 92121 |
Minang Turakhia | officer: EVP, CMO & CSO | C/O IRHYTHM TECHNOLOGIES, INC., 699 8TH ST #600, SAN FRANCISCO CA 94103 |
Quentin S. Blackford | director, officer: President and CEO | 7475 LUSK BLVD., SAN DIEGO CA 92121 |
Mojdeh Poul | director | 3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST PAUL MN 55144-1000 |
Brian B Yoor | director | 100 ABBOTT PARK ROAD, AP6A-2, D-032L, ABBOTT PARK IL 60064 |
Mark J. Day | officer: EVP, Research & Development | C/O IRHYTHM TECHNOLOGIES, INC., 650 TOWNSEND STREET, SUITE 500, SAN FRANCISCO CA 94103 |
Douglas Devine | officer: Chief Financial Officer | C/O IRHYTHM TECHNOLOGIES, INC., 699 8TH STREET, SUITE 600, SAN FRANCISCO CA 94103 |
Bairey Merz Cathleen Noel | director | 16664 CUMBRE VERDE COURT, PACIFIC PALISADES CA 90272 |
Reyna M Fernandez | officer: EVP, Chief HR Officer | C/O INTERSECT ENT, INC., 1555 ADAMS DRIVE, MENLO PARK CA 94025 |
Sumi Shrishrimal | officer: EVP, Chief Risk Officer | 6340 SEQUENCE DRIVE, SAN DIEGO CA 92121 |
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