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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Global Crossing Airlines Group's accounts receivables for the quarter that ended in Mar. 2024 was $5.6 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Global Crossing Airlines Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 9.45.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Global Crossing Airlines Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-2.75.
The historical data trend for Global Crossing Airlines Group'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.
Global Crossing Airlines Group Annual Data | |||||||||||||||||||||
Trend | Apr14 | Apr15 | Apr16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | - | - | 0.75 | 2.66 | 10.18 |
Global Crossing Airlines Group Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Accounts Receivable | Get a 7-Day Free Trial | 3.99 | 5.50 | 7.45 | 10.18 | 5.57 |
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.
Global Crossing Airlines Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 5.574 | / | 53.835 | * | 91 |
= | 9.45 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Global Crossing Airlines Group's accounts receivable are only considered to be worth 75% of book value:
Global Crossing Airlines Group's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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) | ||
= | (8.3 | + | 0.75 * 5.574 | + | 0.5 * 0 | - | 176.366 |
- | 0 | - | 0.225) | / | 59.6679 | ||
= | -2.75 |
* 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 Global Crossing Airlines Group's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Deborah Wallis Robinson | director | 4200 NW 36TH ST., BLDG. 5A, 4TH FLOOR, MIAMI FL 33166 |
Ryan Goepel | director, officer: Chief Financial Officer | 2333 PONCE DE LEON BLVD., SUITE 630, CORAL GABLES FL 33134 |
Axar Capital Management L.p. | director, 10 percent owner | 402 W 13TH STREET, FLOOR 5, NEW YORK NY 10014 |
Axar Gp, Llc | director, 10 percent owner | C/O AXAR CAPITAL MANAGEMENT, LP, 402 W 13TH STREET, FLOOR 5, NEW YORK NY 10014 |
Andrew Axelrod | director, 10 percent owner | C/O AXAR CAPITAL MANAGEMENT, LP, 402 W 13TH STREET, FLOOR 5, NEW YORK NY 10014 |
Joseph Jr. Dagrosa | director, 10 percent owner | 311 SOUTH WACKER DRIVE, SUITE 6400, CHICAGO IL 60606 |
John Quelch | director | C/O INVERNESS MEDICAL INNOVATIONS INC, 51 SAWYER RD, WALTHAM MA 02453 |
Edward J Wegel | director, 10 percent owner, officer: Chief Executive Officer | 1 GORHAM ISLAND, WESTPORT CT 06880 |
Mcartor Trusten Allan | director | 200 FALCON RIDGE ROAD, GREAT FALLS VA 22066 |
Harrington Cordia | director | 2975 ARMORY DRIVE, NASHVILLE TN 37204 |
William Shuster | director | 4200 NW 36TH ST., BLDG. 5A, 4TH FLOOR, MIAMI FL 33166 |
Ronald Bevans | 10 percent owner | 4200 NW 36TH ST., BLDG. 5A, 4TH FLOOR, MIAMI FL 33166 |
Alan Geoffrey Bird | director | 4200 NW 36TH ST., BLDG. 5A, 4TH FLOOR, MIAMI FL 33166 |
Juan Pablo Nunez | officer: Chief Operating Officer | 4200 NW 36TH ST., BLDG. 5A, 4TH FLOOR, MIAMI FL 33166 |
David Griffith Ross | director | 4200 NW 36TH ST., BLDG. 5A, 4TH FLOOR, MIAMI FL 33166 |
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