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Focus Universal (Focus Universal) Accounts Receivable : $0.16 Mil (As of Dec. 2023)


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What is Focus Universal Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Focus Universal's accounts receivables for the quarter that ended in Dec. 2023 was $0.16 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Focus Universal's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 53.07.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Focus Universal's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.02.


Focus Universal Accounts Receivable Historical Data

The historical data trend for Focus Universal'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.

* Premium members only.

Focus Universal Accounts Receivable Chart

Focus Universal Annual Data
Trend Mar14 Mar15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 0.19 0.19 0.11 0.16

Focus Universal Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.11 0.06 0.10 0.17 0.16

Focus Universal Accounts Receivable Calculation

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


Focus Universal 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.

Focus Universal's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.164/0.282*91
=53.07

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

Focus Universal's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=(0.465+0.75 * 0.164+0.5 * 0.282-1.788
-0-0)/64.7718
=-0.02

* 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.


Focus Universal Accounts Receivable Related Terms

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Focus Universal (Focus Universal) Business Description

Traded in Other Exchanges
N/A
Address
2311 East Locust Court, Ontario, CA, USA, 91761
Focus Universal Inc develops and manufactures universal smart device. Its products portfolio include Universal Smart Instrumentation Platform, Ubiquitor, Universal Smart Controller, and Sensors. The company also supplies various air filtration systems. The Company consists of three types of operations- Focus and Focus Shenzhen (Corporate), Perfecular and Lusher (IoT Products), AVX (IoT Installation Services). Majority of revenue is generated from IoT Installation Services. IoT Installation Services segment is an IoT installation and management company specializing in high performance and easy to use audio/video, home theater, lighting control, automation, and integration.
Executives
Sheri Lofgren director C/O LOGICAL CHOICE CORPORATION, 1045 PROGRESS CIRCLE, LAWRENCEVILLE GA 30043
Michael Ross Pope director 1045 PROGRESS CIRCLE, LAWRENCEVILLE, GEORGIA GA 30043
Gregory S Butterfield director 3301 N. THANKSGIVING WAY, SUITE 500, LEHI UT 84043
Carine S. Clark director 772 UTAH VALLEY DRIVE, AMERICAN FORK UT 84003
Duncan Lee officer: Chief Financial Officer 20511 EAST WALNUT DRIVE NORTH, WALNUT CA 91789
Jennifer Lingjie Gu director, 10 percent owner 2501 CROW FOOT LANE, DIAMOND BAR CA 91748
Edward Shihai Lee director, 10 percent owner, officer: President 2501 CROW FOOT LANE, DIAMOND BAR CA 91748
Desheng Wang director, 10 percent owner, officer: CEO and Secretary 140 SOUTH ROOSEVELT AVENUE, PASADENA CA 91107