Aware (AWRE) Accounts Receivable : $3.76 Mil (As of Mar. 2024)

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What is Aware Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Aware's accounts receivables for the quarter that ended in Mar. 2024 was $3.76 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Aware's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 77.52.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Aware's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $0.93.

Aware Accounts Receivable Historical Data

The historical data trend for Aware'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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Aware Accounts Receivable Chart

Aware Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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2.49

2.29

3.76

3.32

2.45

Aware 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															2.67	4.02	6.52	2.45	3.76

Aware Accounts Receivable Calculation

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

Aware 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.756	/	4.421	*	91
=	77.52

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

Aware'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)
=	(28.529	+	0.75 * 3.756	+	0.5 * 0	-	11.676
-	0	-	0)	/	21.0852
=	0.93

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.

Aware Accounts Receivable Related Terms

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Aware (AWRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Aware Inc (NAS:AWRE) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

76 Blanchard Road, Burlington, MA, USA, 01803

Website

https://www.aware.com

Aware Inc is a provider of software and services to the biometrics industry. The company's software products are used in government and commercial biometrics systems to identify or authenticate people. The government applications of biometrics systems include border control, visitor screening, law enforcement, national defense, intelligence, secure credentialing, access control, and background checks. Its commercial applications include user authentication for login to mobile devices, computers, networks, and software programs, user authentication for financial transactions and purchases. Its geographical segments include the United States, Brazil, the United Kingdom, and the Rest of the world.

Executives

Robert A Eckel	director, officer: CEO and President	C/O AWARE, INC., 40 MIDDLESEX TURNPIKE, BEDFORD MA 01730
David K Traverse	officer: Principal Financial Officer	108 ADAMS STREET, DUNSTABLE MA 01827
Stafford John S Iii	director, 10 percent owner	230 SOUTH LASALLE STREET 400, CHICAGO IL 60604
David Brian Barcelo	officer: Chief Financial Officer	15 DAWN CIRCLE, ANDOVER MA 01810
Ronin Trading, Llc	10 percent owner	350 N. ORLEANS STREET, 2N, CHICAGO IL 60654
Craig A Herman	officer: Chief Revenue Officer	15 ABBOT STREET, MARBLEHEAD MA 01945
Mohamed Lazzouni	officer: Chief Technology Officer	C/O VIISAGE TECHNOLOGY, INC., 296 CONCORD ROAD, BILLIERCA MA 01821
Gary Evee	director	36 CONCETTA SASS DRIVE, RANDOLPH MA 02368
Peter R. Faubert	director	50 NAGOG PARK, ACTON MA 01720
Ronin Capital, Llc	10 percent owner	350 N. ORLEANS, SUITE 2N, CHICAGO IL 60654
Brian D Connolly	director	40 MIDDLESEX TURNPIKE, BEDFORD MA 01730
Brent P Johnstone	director	40 MIDDLESEX TURNPIKE, BEDFORD MA 01730
Richard P Moberg	director	C/O AWARE INC, 40 MIDDLESEX TURNPIKE, BEDFORD MA 01730
David J Martin	officer: Chief Financial Officer
Adrian F Kruse	director	C/O AWARE INC, 40 MIDDLESEX TURNPIKE, BEDFORD MA 01730