Microvision (Microvision) Accounts Receivable : $0.95 Mil (As of Dec. 2023)

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What is Microvision Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Microvision's accounts receivables for the quarter that ended in Dec. 2023 was $0.95 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Microvision's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 16.98.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Microvision's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.22.

Microvision Accounts Receivable Historical Data

The historical data trend for Microvision'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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Microvision Accounts Receivable Chart

Microvision Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1.08

0.95

Microvision 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															-	0.51	0.82	0.74	0.95

Microvision Accounts Receivable Calculation

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

Microvision 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.949	/	5.101	*	91
=	16.98

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

Microvision'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)
=	(73.778	+	0.75 * 0.949	+	0.5 * 3.874	-	33.831
-	0	-	0)	/	194.736
=	0.22

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.

Microvision Accounts Receivable Related Terms

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Microvision (Microvision) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Microvision Inc (NAS:MVIS) » Definitions » Accounts Receivable

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Traded in Other Exchanges

MVIN:Germany

Address

18390 NE 68th Street, Redmond, WA, USA, 98052

Website

https://www.microvision.com

Microvision Inc is engaged in developing a lidar sensor to be used in automotive safety and autonomous driving applications. Its lidar sensor uses laser beam scanning (LBS) technology, which is based on systems that include micro-electrical mechanical systems (MEMS), laser diodes, optomechanics, electronics, algorithms, and software. The company has also developed solutions for Augmented Reality, Interactive Displays, and Consumer Lidars.

Executives

Robert Paul Carlile	director	1226 ALKI AVE SW, 5200, SEATTLE WA 98116
Judith Mecham Curran	director	17883 STONEBROOK CT, NORTHVILLE MI 48168
Mark Bradley Spitzer	director	5 MINK TRAP LANE, SHARON MA 02067
Sumit Sharma	director, officer: CEO	541 LAKE WASHINGTON BLVD E, SEATTLE WA 98112
Jeffrey A Herbst	director	35 ORCHARD HILLS STREET, ATHERTON CA 94027
Drew G Markham	officer: VP, General Counsel	6244 185TH AVE NE, STE 100, REDMOND WA 98052
Seval F Oz	director	14901 BRONSON AVENUE, SAN JOSE CA 95124
Simon Biddiscombe	director	C/O MOBILEIRON, INC., 415 EAST MIDDLEFIELD ROAD, MOUNTAIN VIEW CA 94043
Anubhav Verma	officer: VP, Chief Financial Officer	6244 185TH AVE NE, STE 100, REDMOND WA 98052
Stephen Patrick Holt	officer: Chief Financial Officer	C/O MICROVISION, INC., 6222 185TH AVE NE, REDMOND WA 98052
Brian V Turner	director	P.O. BOX 91123, SEATTLE WA 98111-9223
Perry Mulligan	director	EMULEX CORPORATION, 3333 SUSAN STREET, COSTA MESA CA 92626
Bernee Dl Strom	director, Director	5500 LAKE WASHINGTON BLVD NE, UNIT 3B, KIRKLAND WA 98033
Alexander Y Tokman	officer: President and COO	C/O MICROVISION, INC., 6222 185TH AVENUE NE, REDMOND WA 98052
David J Westgor	officer: VP,General Counsel & Secretary	C/O MICROVISION, INC., 6244 185TH AVENUE NE, REDMOND WA 98052