N2OFF (NITO) Accounts Receivable : $0.15 Mil (As of Mar. 2024)

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What is N2OFF Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. N2OFF's accounts receivables for the quarter that ended in Mar. 2024 was $0.15 Mil.

Accounts receivable can be measured by Days Sales Outstanding. N2OFF's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 302.78.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. N2OFF's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $1.06.

N2OFF Accounts Receivable Historical Data

The historical data trend for N2OFF'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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N2OFF Accounts Receivable Chart

N2OFF Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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0.06

0.15

0.17

0.19

0.11

N2OFF 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															0.28	0.11	0.05	0.11	0.15

N2OFF Accounts Receivable Calculation

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

N2OFF 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.

N2OFF's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.146	/	0.044	*	91
=	302.78

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), N2OFF's accounts receivable are only considered to be worth 75% of book value:

N2OFF'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)
=	(3.49	+	0.75 * 0.146	+	0.5 * 0.104	-	0.566
-	0	-	-0.074)	/	2.98862
=	1.06

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.

N2OFF Accounts Receivable Related Terms

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N2OFF (NITO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » N2OFF Inc (NAS:NITO) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

HaPardes 134 Meshek Sander, Neve Yarak, ISR, 4994500

Website

https://www.savefoods.co

Save Foods Inc is an agri-food tech company specializing in eco-crop protection that reduces food waste and ensures food safety. The company engaged in the business of developing, testing, and marketing solutions and products for extending the storability and shelf life of vegetables and fruits through its subsidiary. The company develops products that treat citrus fruits, sweet potatoes, and stored table potatoes and also provides storage control of fruits and vegetables. It has also started the commercialization of its products. Geographically, it generates the majority of its revenue from the United States and Mexico.

Executives

Yaaran Investments Ltd.	10 percent owner	HARSIT 7 ST., SHEARY -TIKVA L3 4481000
Roy Borochov	director	52 HATEENA, KFAR BEN NUN L3 9978000
Plantify Foods, Inc.	10 percent owner	2264 EAST 11TH AVENUE, VANCOUVER A1 V5N1Z6
Udi Ovadia Kalifi	director	UZIEL 101, RAMAT GAN L3 5234433
Lital Barda	officer: Chief Financial Officer	DAVID MEIR GUTMAN 11, PETAH TIKVA L3 4934116
Neta Matis	officer: COO of the Issuer's Subsidiary	DAVID HAMELECH 11, HOD HASHARON L3 4523403
Omri Kanterovich	officer: Interim CFO	YUVAL NEEMAN 7, TEL AVIV L3 6967183
Mia Jacqueline Serra	officer: Chief Marketing Officer	HARAV KOSOVSKY 34, TEL AVIV L3 6291062
Eliahou Arbib	director	ARLOZOROV 25, RAMAT GAN L3 5248141
David Palach	officer: Co-Chief Executive Officer	EVEN GVIROL 1, RISHON LEZION L3 7548101
Amitay Weiss	director	HA'AZTMAUT 41, PETAH TIKVA L3 4937941
Ronen Rosenbloom	director	NISSIM ALONI 4, TEL AVIV L3 6291918
Israel Yakov Berenstein	director	SHEVET LEVI 13, PETAH TIKVA L3 4930092
Joachim Fuchs	director	HAZOREA 67, KFAR SHMARYAHU L3 4691000
Doron Shorrer	director	KOREH HADOROT 33, JERUSALEM L3 9339348