ChallengerX (AQSE:CXS) Accounts Receivable : £0.00 Mil (As of Jun. 2023)

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What is ChallengerX Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. ChallengerX's accounts receivables for the quarter that ended in Jun. 2023 was £0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. ChallengerX's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was £-0.00.

ChallengerX Accounts Receivable Historical Data

The historical data trend for ChallengerX'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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ChallengerX Accounts Receivable Chart

ChallengerX Annual Data

Trend

Jun22

Jun23

Accounts Receivable

0.01

ChallengerX Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23
Accounts Receivable	-	0.01	0.01	-

ChallengerX Accounts Receivable Calculation

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

ChallengerX 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	-0.004	*	91
=

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

ChallengerX's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(0.048	+	0.75 * 0	+	0.5 * 0	-	0.096
-	0	-	0)	/	343.141
=	-0.00

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.

ChallengerX Accounts Receivable Related Terms

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ChallengerX (AQSE:CXS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ChallengerX PLC (AQSE:CXS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Great Queen Street, 9th Floor, London, GBR, WC2B 5DG

Website

https://www.challengerx.io

ChallengerX PLC is a Software as a service-based monetization technology and digital marketing company serving sports clubs, players, and other influencers around the world. The principal activity of the company is to employ both traditional and non-traditional marketing strategies to rapidly professionalize amateur and semi-professional sports clubs around the world.

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