BTQ Technologies (NEOE:BTQ) Accounts Receivable : C$0.12 Mil (As of Sep. 2023)

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What is BTQ Technologies Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. BTQ Technologies's accounts receivables for the quarter that ended in Sep. 2023 was C$0.12 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. BTQ Technologies's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was C$0.04.

BTQ Technologies Accounts Receivable Historical Data

The historical data trend for BTQ Technologies'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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BTQ Technologies Accounts Receivable Chart

BTQ Technologies Annual Data

Trend

Dec21

Jan22

Accounts Receivable

0.01

BTQ Technologies Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Jan23	Jun23	Sep23
Accounts Receivable	Get a 7-Day Free Trial			-	0.14	0.03	0.08	0.12

BTQ Technologies Accounts Receivable Calculation

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

BTQ Technologies 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.

BTQ Technologies's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.117	/	0	*	91
=

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

BTQ Technologies's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(4.955	+	0.75 * 0.117	+	0.5 * 0	-	0.533
-	0	-	0)	/	123.071
=	0.04

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.

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BTQ Technologies (NEOE:BTQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BTQ Technologies Corp (NEOE:BTQ) » Definitions » Accounts Receivable

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BTQQF:USA NG3:Germany

Address

700 West Georgia Street, 25th Floor, Vancouver, BC, CAN, V7Y 1B3

Website

https://www.btq.li

BTQ Technologies Corp is home to a diverse team of builders with a shared interest in post-quantum technology. Its products include PQScale, Keelung, Kenting, and Qbyte. PQScale is a novel scaling technique for post-quantum cryptographic primitives. PQScale achieves transaction speed and cost savings by leveraging zero-knowledge proofs for transaction processing. Keelung is a Zero-Knowledge Toolkit for Fast, Private, and Secure Applications. Kenting has accelerated hardware devices for a variety of post-quantum cryptographic primitives. Kenting provides acceleration for NIST-compliant post-quantum cryptography, post-quantum zk-SNARKs, and eco-friendly mining hardware. Qbyte is a Quantum risk Calculator.