Reliq Health Technologies (Reliq Health Technologies) Accounts Receivable : $2.28 Mil (As of Sep. 2022)

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What is Reliq Health Technologies Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Reliq Health Technologies's accounts receivables for the quarter that ended in Sep. 2022 was $2.28 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Reliq Health Technologies's Days Sales Outstanding for the quarter that ended in Sep. 2022 was 79.86.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Reliq Health Technologies's Net-Net Working Capital per share for the quarter that ended in Sep. 2022 was $-0.01.

Reliq Health Technologies Accounts Receivable Historical Data

The historical data trend for Reliq Health 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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Reliq Health Technologies Accounts Receivable Chart

Reliq Health Technologies Annual Data

Trend

Dec13

Dec14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Accounts Receivable

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0.86

0.12

0.77

1.80

1.86

Reliq Health Technologies Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Accounts Receivable	Get a 7-Day Free Trial															3.03	4.33	5.85	1.86	2.28

Reliq Health Technologies Accounts Receivable Calculation

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

Reliq Health 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.

Reliq Health Technologies's Days Sales Outstanding for the quarter that ended in Sep. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.278	/	2.603	*	91
=	79.86

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

Reliq Health Technologies's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2022 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)
=	(0.131	+	0.75 * 2.278	+	0.5 * 0.245	-	4.491
-	0	-	0)	/	190.431
=	-0.01

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.

Reliq Health Technologies Accounts Receivable Related Terms

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Reliq Health Technologies (Reliq Health Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Reliq Health Technologies Inc (OTCPK:RQHTF) » Definitions » Accounts Receivable

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Address

175 Longwood Rd S., Suite 406A, Hamilton, ON, CAN, L8P 0A1

Website

https://www.reliqhealth.com

Reliq Health Technologies Inc specializes in developing Software-as-a-Service (SaaS) solutions for remote patient monitoring, telemedicine, and care collaboration. Reliq's IUGO health technology platform is a hardware and software solution that allows complex patients to receive high-quality care in the home, improving health outcomes, enhancing the quality of life for patients and families and reducing the cost of care delivery. The firm earns through the supply of mobile device management (MDM) solutions for mobile devices and subscriptions of the iUGO CARE platform to healthcare client. The firm is based in Canada.