Streamline Health Solutions (Streamline Health Solutions) Accounts Receivable : $3.65 Mil (As of Oct. 2023)

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What is Streamline Health Solutions Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Streamline Health Solutions's accounts receivables for the quarter that ended in Oct. 2023 was $3.65 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Streamline Health Solutions's Days Sales Outstanding for the quarter that ended in Oct. 2023 was 54.35.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Streamline Health Solutions's Net-Net Working Capital per share for the quarter that ended in Oct. 2023 was $-0.27.

Streamline Health Solutions Accounts Receivable Historical Data

The historical data trend for Streamline Health 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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Streamline Health Solutions Accounts Receivable Chart

Streamline Health Solutions Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Accounts Receivable

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2.93

2.02

2.93

3.82

7.72

Streamline Health Solutions Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Accounts Receivable	Get a 7-Day Free Trial															3.32	7.72	4.28	2.79	3.65

Streamline Health Solutions Accounts Receivable Calculation

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

Streamline Health 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.

Streamline Health Solutions's Days Sales Outstanding for the quarter that ended in Oct. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.653	/	6.133	*	91
=	54.35

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

Streamline Health Solutions's Net-Net Working Capital Per Share for the quarter that ended in Oct. 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)
=	(2.557	+	0.75 * 3.653	+	0.5 * 0	-	21.354
-	0	-	0)	/	58.794
=	-0.27

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.

Streamline Health Solutions Accounts Receivable Related Terms

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Streamline Health Solutions (Streamline Health Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Streamline Health Solutions Inc (NAS:STRM) » Definitions » Accounts Receivable

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Traded in Other Exchanges

LV1:Germany

Address

2400 Old Milton Parkway, Box 1353, Alpharetta, GA, USA, 30009

Website

https://www.streamlinehealth.net

Streamline Health Solutions Inc provides transformational data-driven solutions for healthcare organizations. It provides computer software-based solutions through its looking glass platform. Its solutions include coding and CDI, coding audit, and financial management solutions. It offers various services, such as custom integration services, training services, electronic image conversion and database monitoring services. It sells its solutions and services in North America to hospitals and health systems, including physician practices, through its direct sales force and its reseller partnerships.

Executives

Reeves Bryant J Iii	officer: Interim CFO	2400 OLD MILTON PARKWAY, BOX 1353, ALPHARETTA GA 30009
Benjamin Louis Stilwill	officer: President	4512 BAKER STREET, PHILADELPHIA PA 19127
Kenan Lucas	director	C/O HARBERT MANAGEMENT CORPORATION, 2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203
Wendy L Lucio	officer: Chief People Officer	101 ABBY LANE, CARROLLTON GA 30117
Tamarack Global Healthcare Fund Qp, L.p.	other: Member of a group	5050 AVENIDA ENCINAS, SUITE 360, CARLSBAD CA 92008
David Driscoll	officer: SVP & Chief Revenue Officer	1175 PEACHTREE STREET NE, 10TH FLOOR, ATLANTA GA 30361
Raymond J Harbert	10 percent owner	2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203
Tamarack Capital Gp, Llc	10 percent owner	5050 AVENIDA ENCINAS, SUITE 360, CARLSBAD CA 92008
Tamarack Advisers, Lp	10 percent owner	5050 AVENIDA ENCINAS, SUITE 360, CARLSBAD CA 92008
Tamarack Capital Management, Llc	10 percent owner	5050 AVENIDA ENCINAS, SUITE 360, CARLSBAD CA 92008
Tamarack Global Healthcare Fund, L.p.	10 percent owner	5050 AVENIDA ENCINAS, SUITE 360, CARLSBAD CA 92008
Justin John Ferayorni	10 percent owner	5050 AVENIDA ENCINAS, SUITE 360, CARLSBAD CA 92008
Judith Starkey	director	1327 PEACHTREE STREET, UNIT 803, ATLANTA GA 30309
Jonathan R Phillips	director	792 CHATHAM AVENUE, ELMHURST IL 60126
Green Wyche T Iii	director	P.O. BOX 1510, FRANKLIN GA 30217