WidePoint (WidePoint) Accounts Receivable

: $8.2 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. WidePoint's accounts receivables for the quarter that ended in Dec. 2023 was $8.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. WidePoint's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 26.55.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. WidePoint's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-2.63.

WidePoint Accounts Receivable Historical Data

The historical data trend for WidePoint'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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WidePoint Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

14.58

35.88

12.54

9.28

8.22

WidePoint Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																9.28	10.20	8.95	8.91	8.22

WidePoint Accounts Receivable Calculation

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

WidePoint 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	8.22	/	28.256	*	91
=	26.55

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

WidePoint'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)
=	(6.921	+	0.75 * 8.22	+	0.5 * 0.366	-	36.623
-	0	-	0)	/	8.89322
=	-2.63

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.

WidePoint Accounts Receivable Related Terms

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WidePoint (WidePoint) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » WidePoint Corp (AMEX:WYY) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

ZMX1:Germany

Address

11250 Waples Mill Road, Suite 210, South Tower, Fairfax, VA, USA, 22030

Website

https://www.widepoint.com

WidePoint Corp is a provider of Technology Management as a Service (TMaaS) that consists of federally certified communications management, identity management, interactive bill presentment and analytics, and Information Technology as a Service solution. Its solutions include Telecom Lifecycle Management, Digital billing communications solutions, and Mobile and Identity management. Geographic regions are North America and Europe, and the majority of the revenue comes from North America.

Executives

James Bernard Rice	director	11250 WAPLES MILL ROAD, SOUTH TOWER, SUITE 210, FAIRFAX VA 22030
Julia A Bowen	director	7926 JONES BRANCH DRIVE, SUITE 520, MCLEAN VA 22012
Ian Sparling	officer: CEO, Soft-Ex	7926 JONES BRANCH DRIVE, SUITE 520, MCLEAN VA 22102
Robert J George	officer: Chief Financial Officer
John J Fitzgerald	director	2000 EDMUND HALLEY DR, RESTON VA 20191
Jason Holloway	officer: EVP and Chief Sales and Market	C/O 7926 JONES BRANCH DRIVE, SUITE 520, MCLEAN VA 22102
Todd Dzyak	officer: COO	11250 WAPLES MILL ROAD, SOUTH TOWER 210, FAIRFAX VA 22030
Philip N Garfinkle	director	C/O WIDEPOINT CORPORATION, 11250 WAPLES MILL ROAD, SUITE 210, FAIRFAX VA 22030
Jin Kang	officer: President - iSYS, LLC	1163 DALEVIEW DRIVE, MCLEAN VA 22102
Otto J Guenther	director	8611 CROSS OAKS LN, FAIRFAX STATION VA 22039
Richard L Todaro	director	C/O GREAT AMERICAN GROUP, INC., 21255 BURBANK BLVD., SUITE 400, WOODLAND HILLS CA 91367
Kellie H Kim	officer: Chief Financial Officer	11250 WAPLES MILL ROAD, SUITE 210, FAIRFAX VA 22030
Nokomis Capital, L.l.c.	10 percent owner	1717 MCKINNEY AVENUE, SUITE 850, DALLAS TX 75202
Morton S Taubman	director	1201 FIFTEENTH STREET, N.W., SECOND FLOOR, WASHINGTON DC 20005
Kito Mussa	officer: Interim CFO	C/O 7926 JONES BRANCH DRIVE, SUITE 520, MCLEAN VA 22102