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Kore Group Holdings (Kore Group Holdings) Accounts Receivable : $54.7 Mil (As of Mar. 2024)


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What is Kore Group Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Kore Group Holdings's accounts receivables for the quarter that ended in Mar. 2024 was $54.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Kore Group Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 65.76.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Kore Group Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-5.85.


Kore Group Holdings Accounts Receivable Historical Data

The historical data trend for Kore Group Holdings'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.

* Premium members only.

Kore Group Holdings Accounts Receivable Chart

Kore Group Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
- 40.66 51.62 44.54 52.41

Kore Group Holdings Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 48.06 47.03 48.22 52.41 54.75

Kore Group Holdings Accounts Receivable Calculation

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


Kore Group Holdings 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.

Kore Group Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=54.749/75.975*91
=65.76

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

Kore Group Holdings'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)
=(23.025+0.75 * 54.749+0.5 * 7.605-554.282
-0-0)/83.1968
=-5.85

* 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.


Kore Group Holdings Accounts Receivable Related Terms

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Kore Group Holdings (Kore Group Holdings) Business Description

Traded in Other Exchanges
N/A
Address
3 Ravinia Dr, Suite 500, Alpharetta, GA, USA, 30346
Kore Group Holdings Inc provides Internet of Things (IoT) solutions and services. In addition to providing critical services to customers globally, it enables them to manage, deploy, and scale their IoT applications and use cases. It offers connectivity services, location-based services, device solutions, and managed and professional services for the development and support of IoT technology for the Machine-to-Machine market. It derives revenue from IoT Connectivity services, IoT Solutions services, SIMs (IoT Connectivity), and IoT devices (IoT Solutions).
Executives
Romil Bahl director, officer: Chief Executive Officer 3170 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Jason Dietrich officer: EVP, Chief Rev. Officer 3 RAVINIA DRIVE NE, SUITE 500, ATLANTA GA 30346
Twilio Inc 10 percent owner 101 SPEAR STREET, SUITE 500, San Francisco CA 94105
Robert P Macinnis director C/O KORE, 3700 MANSELL ROAD, SUITE 300, ALPHARETTA GA 30022
Tomer Yosef-or director C/O ABRY BROADCAST PARTNERS, 111 HUNTINGTON AVE., 30TH FLOOR, BOSTON MA 02199
Kennedy Jack William Jr. officer: See Remarks 1871 ASPEN DR NE, ATLANTA GA 30345
Tushar K. Sachdev officer: See Remarks 600 GALLERIA PARKWAY, SUITE 100, ATLANTA GA 30339
Paul Holtz officer: See Remarks C/O KORE, 3700 MANSELL ROAD, SUITE 300, ALPHARETTA GA 30022
Wood River Capital, Llc 10 percent owner 4111 E. 37TH STREET N, WICHITA KS 67220
James E Geisler director 2087 BRIDGEPORT DR, LEXINGTON KY 40502
Paulett Eberhart director C/O LPL FINANCIAL, 4707 EXECUTIVE DRIVE, SAN DIEGO CA 32121
Mark A Neporent director C/O CERBERUS PARTNERS LP, 450 PARK AVENUE 28TH FLOOR, NEW YORK NY 10022
Louise P Winstone officer: See Remarks 3700 MANSELL RD., SUITE 300, ALPHARETTA GA 30022
R Michael Thurston officer: See Remarks 1170 PEACHTREE STREET, SUITE 900, ATLANTA GA 30309
Koch Industries Inc 10 percent owner 4111 EAST 37TH STREET NORTH, WICHITA KS 67220