Solution Financial (TSX:SFI) Accounts Receivable : C$0.21 Mil (As of Jan. 2024)

Solution Financial Accounts Receivable Chart

Solution Financial Annual Data
	Trend	Sep14	Sep15	Sep16	Sep17	Oct18	Oct19	Oct20	Oct21	Oct22	Oct23
Accounts Receivable		Get a 7-Day Free Trial					0.17	0.39	0.51	0.23	0.53

Solution Financial Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Accounts Receivable	Get a 7-Day Free Trial															1.20	0.11	0.52	0.53	0.21

Solution Financial Accounts Receivable Calculation

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

Solution Financial 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.

Solution Financial's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

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

Solution Financial's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 is calculated as:

* 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.

Solution Financial Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Solution Financial's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Solution Financial (TSX:SFI) Business Description