A2Z Smart Technologies (TSXV:AZ) Accounts Receivable : C$2.40 Mil (As of Mar. 2024)

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What is A2Z Smart Technologies Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. A2Z Smart Technologies's accounts receivables for the quarter that ended in Mar. 2024 was C$2.40 Mil.

Accounts receivable can be measured by Days Sales Outstanding. A2Z Smart Technologies's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 95.30.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. A2Z Smart Technologies's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was C$-0.01.

A2Z Smart Technologies Accounts Receivable Historical Data

The historical data trend for A2Z Smart 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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A2Z Smart Technologies Accounts Receivable Chart

A2Z Smart Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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0.32

0.25

1.10

1.87

1.98

A2Z Smart Technologies 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															2.15	2.06	1.98	1.98	2.40

A2Z Smart Technologies Accounts Receivable Calculation

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

A2Z Smart 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.

A2Z Smart Technologies's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.399	/	2.297	*	91
=	95.30

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), A2Z Smart Technologies's accounts receivable are only considered to be worth 75% of book value:

A2Z Smart Technologies'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)
=	(0.65	+	0.75 * 2.399	+	0.5 * 0.333	-	10.371
-	0	-	-7.257)	/	36.965
=	-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.

A2Z Smart Technologies Accounts Receivable Related Terms

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A2Z Smart Technologies (TSXV:AZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » A2Z Smart Technologies Corp (TSXV:AZ) » Definitions » Accounts Receivable

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Traded in Other Exchanges

AZ:USA

Address

559 Briar Hill Avenue, Toronto, ON, CAN, M5N 1N1

Website

https://www.a2zas.com

A2Z Smart Technologies Corp is a technology company in Israel providing products to the Israeli Defense and Security Forces, specializing in military unmanned robotics and state-of-the-art automation and electronics technology. The company commenced the development of two products for the automotive market. The first product is a capsule that can be placed in a fuel tank to prevent gas tank explosions. The second product under development is a vehicle cover device that will protect automobiles from extreme weather conditions while the vehicle is not in use. The company also provides maintenance services to both external and in-house complex electronic systems and products.