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Tokens.com (TSXV:COIN) Accounts Receivable : C$0.06 Mil (As of Dec. 2023)


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What is Tokens.com Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tokens.com's accounts receivables for the quarter that ended in Dec. 2023 was C$0.06 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tokens.com's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 13.07.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tokens.com's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was C$0.03.


Tokens.com Accounts Receivable Historical Data

The historical data trend for Tokens.com'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.

Tokens.com Accounts Receivable Chart

Tokens.com Annual Data
Trend Dec20 Dec21 Sep22 Sep23
Accounts Receivable
0.01 0.13 - 0.07

Tokens.com Quarterly Data
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 0.21 0.22 0.13 0.07 0.06

Tokens.com Accounts Receivable Calculation

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


Tokens.com 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.06/0.419*91
=13.07

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

Tokens.com'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)
=(3.997+0.75 * 0.06+0.5 * 0-1.012
-0-0.012)/119.762
=0.03

* 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.


Tokens.com Accounts Receivable Related Terms

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Tokens.com (TSXV:COIN) Business Description

Traded in Other Exchanges
Address
100 King Street West, 3400 One First Canadian Place, Toronto, ON, CAN, M5X 1A4
Tokens.com Corp is traded technology company that invests in web3 assets and builds web3 business. It operates the technology that secures next generation blockchain networks through Proof-of-Stake technology that supports the growth of decentralized finance applications. The Company focuses on three operating segments: i) crypto staking, ii) the metaverse and, iii) play-to-earn crypto gaming. It generate majority of its revenue from staking.