Nano Magic (Nano Magic) Accounts Receivable : $0.14 Mil (As of Mar. 2024)

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What is Nano Magic Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Nano Magic's accounts receivables for the quarter that ended in Mar. 2024 was $0.14 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Nano Magic's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 22.50.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Nano Magic's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.11.

Nano Magic Accounts Receivable Historical Data

The historical data trend for Nano Magic'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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Nano Magic Accounts Receivable Chart

Nano Magic Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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0.15

1.24

0.29

0.35

0.21

Nano Magic 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															0.35	0.35	0.32	0.21	0.14

Nano Magic Accounts Receivable Calculation

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

Nano Magic 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.143	/	0.58	*	91
=	22.50

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

Nano Magic'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)
=	(0.189	+	0.75 * 0.143	+	0.5 * 0.78	-	2.231
-	0	-	0)	/	13.4987
=	-0.11

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.

Nano Magic Accounts Receivable Related Terms

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Nano Magic (Nano Magic) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nano Magic Inc (OTCPK:NMGX) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

31601 Research Park Drive, Madison Heights, MI, USA, 48071

Website

https://www.nanomagic.com

Nano Magic Inc is engaged in the marketing and sale of products enabled by nanotechnology. It develops and sells products based on its portfolio of intellectual property and its products include a portfolio of nano-layer coatings, nano-based cleaners, printable inks, pastes, and thermal management materials. Its products can be used on eyeglasses, extreme sport and safety glasses and goggles, electronic screens, windows, mirrors, shower doors, and cleaning everyday household surfaces.

Executives

Scott E. Rickert	director, 10 percent owner, officer: CEO, President & Chairman	431 FAIRWAY DR, SUITE 200, DEERFIELD BEACH FL 33441
Jeanne M Rickert	director, officer: Chief Legal Officer	431 FAIRWAY DR, SUITE 200, DEERFIELD BEACH FL 33441
Ronald J Berman	director	701 BRICKELL AVENUE, SUITE 1550, MIAMI FL 33131
Raymond William Gunn	director	56420 NEWPORT DRIVE, SHELBY TOWNSHIP MI 48316
David M Sherbin	director	4181 AO SOUTHMOOR LANE, WEST BLOOMFIELD MI 48323
Miles Geoffrey Gatland	director	1110 ISLAND DRIVE, COMMERCE TOWNSHIP MI 48382
Lara O'connor Hodgson	director	8 HABERSHAM PARK, ATLANTA GA 30305
Magic Growth 2 Llc	10 percent owner	31601 RESEARCH PARK DRIVE, MADISON HEIGHTS MI 48071
Magic Growth Llc	10 percent owner	750 DENISON COURT, BLOOMFIELD HILLS MI 48302
Tom J. Berman	director, officer: President	750 DENISON COURT, BLOOMFIELD HILLS MI 48302
John Todd Lunsford	director	4971 CHERRY BLOSSOM CIRCLE, WEST BLOOMFIELD MI 48324
Leandro Vera	officer: CFO	11271 N ROCKING R RD., HAYDEN ID 83835
Jacqueline M Soptick	officer: Chief Accounting Officer	3006 LONGHORN BLVD, STE 107, AUSTIN TX 78732
Pen Comeback 2, Llc	10 percent owner	750 DENISON COURT, BLOOMFIELD HILLS MI 48302
Pen Comeback, Llc	10 percent owner	750 DENISON COURT, BLOOMFIELD HILLS MI 48302