Integrated Cyber Solutions (XCNQ:ICS) Accounts Receivable : C$0.05 Mil (As of Sep. 2023)

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What is Integrated Cyber Solutions Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Integrated Cyber Solutions's accounts receivables for the quarter that ended in Sep. 2023 was C$0.05 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Integrated Cyber Solutions's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 65.75.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Integrated Cyber Solutions's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was C$-0.01.

Integrated Cyber Solutions Accounts Receivable Historical Data

The historical data trend for Integrated Cyber Solutions'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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Integrated Cyber Solutions Accounts Receivable Chart

Integrated Cyber Solutions Annual Data

Trend

Jun22

Jun23

Accounts Receivable

0.03

Integrated Cyber Solutions Quarterly Data
	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Receivable	Get a 7-Day Free Trial			-	0.22	0.28	0.03	0.05

Integrated Cyber Solutions Accounts Receivable Calculation

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

Integrated Cyber Solutions 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.

Integrated Cyber Solutions's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.049	/	0.068	*	91
=	65.75

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

Integrated Cyber Solutions's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 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)
=	(0.008	+	0.75 * 0.049	+	0.5 * 0	-	0.904
-	0	-	0)	/	61.4957
=	-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.

Integrated Cyber Solutions Accounts Receivable Related Terms

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Integrated Cyber Solutions (XCNQ:ICS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Integrated Cyber Solutions Inc (XCNQ:ICS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Stiles Road, Salem, NH, USA, 03079

Website

https://www.integrated-cyber.com

Integrated Cyber Solutions Inc delivers cyber services to small-to-medium businesses by integrating various third-party security service providers into the IC360 operating system. In addition to providing key cybersecurity services, Integrated Cyber correlates information across multiple siloed platforms in their customers' environments to help them understand and manage their environments with simple, understandable, and actionable insights. The company emphasizes the human side of cybersecurity management, simplifying cyber concepts, and focusing on the critical role employee behavior plays in a company's cyber defenses. Its services include Vulnerability Management, MDR/XDR, and Cyber Training and awareness.

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