FDCTech (OTCPK:FDCT) Accounts Receivable

: $0.05 Mil (As of Mar. 2023)

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

Accounts receivable can be measured by Days Sales Outstanding. FDCTech's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 3.13.

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

FDCTech Accounts Receivable Historical Data

The historical data trend for FDCTech'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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FDCTech Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

0.04

0.02

0.07

FDCTech Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Accounts Receivable																0.04	0.04	0.06	0.07	0.05

FDCTech Accounts Receivable Calculation

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

FDCTech 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.

FDCTech's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.053	/	1.546	*	91
=	3.13

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

FDCTech's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(0.14	+	0.75 * 0.053	+	0.5 * 0	-	0.961
-	0	-	1.344)	/	333.585
=	-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.

FDCTech Accounts Receivable Related Terms

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FDCTech (OTCPK:FDCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » FDCTech Inc (OTCPK:FDCT) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

200 Spectrum Drive, Suite 300, Irvine, CA, USA, 92618

Website

https://www.fdctech.com

FDCTech Inc is an integrated forex and Cryptocurrency service provider. It provides cryptocurrency technology solutions and consulting services for OTC brokers and crypto exchange businesses. The company has three sources of revenue Consulting Services; Technology Solutions and Customized Software Development. Its product includes the CryptoWeb Trader Platform; Proprietary FX; Back Office and others. The company derives maximum revenue from Technology Solutions.

Executives

Mitchell M. Eaglstein

director, 10 percent owner, officer: CEO

200 SPECTRUM DRIVE, SUITE 300, IRVINE CA 92618