MIND Technology (MIND Technology) Accounts Receivable

: $3.88 Mil (As of Oct. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. MIND Technology's accounts receivables for the quarter that ended in Oct. 2023 was $3.88 Mil.

Accounts receivable can be measured by Days Sales Outstanding. MIND Technology's Days Sales Outstanding for the quarter that ended in Oct. 2023 was 71.22.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. MIND Technology's Net-Net Working Capital per share for the quarter that ended in Oct. 2023 was $-22.26.

MIND Technology Accounts Receivable Historical Data

The historical data trend for MIND Technology'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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MIND Technology Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Accounts Receivable

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12.08

6.62

4.75

8.13

3.99

MIND Technology Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Accounts Receivable	Get a 7-Day Free Trial															3.90	3.99	7.39	7.14	3.88

MIND Technology Accounts Receivable Calculation

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

MIND Technology 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.

MIND Technology's Days Sales Outstanding for the quarter that ended in Oct. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.882	/	4.974	*	91
=	71.22

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

MIND Technology's Net-Net Working Capital Per Share for the quarter that ended in Oct. 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)
=	(5.569	+	0.75 * 3.882	+	0.5 * 13.263	-	8.632
-	37.779	-	0)	/	1.406
=	-22.26

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.

MIND Technology Accounts Receivable Related Terms

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MIND Technology (MIND Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MIND Technology Inc (NAS:MIND) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

MINDP.PFD:USA

Address

2002 Timberloch Place, Suite 550, The Woodlands, TX, USA, 77380

Website

https://www.mind-technology.com

MIND Technology Inc provides technology and solutions for exploration, survey, and defense applications in oceanographic, hydrographic, defense, seismic, and security industries. The Company operates in segments namely, Seamap Marine Products and Klein Marine Products helps manufacture and sell specialized, high-performance sonar and seismic equipment. The company generates more revenue from Seamap Marine Products. The company's geographical segments include the United States; Europe, Russia & CIS; Middle East & Africa; Asia-Pacific; and Canada & Latin America.

Executives

Peter H Blum	director	999 18TH STREET, STE 1700, DENVER CO 80202
Alan Perry Baden	director	2635 SUTTON COURT, HOUSTON TX 77027
Nancy Jean Harned	director	2704 CHESTER FOREST COURT, VIRGINIA BEACH VA 23452
Thomas S Glanville	director	2818 N SULLIVAN ROAD, SPOLANE WA 99216
Mark Alan Cox	officer: Principal Accounting Officer	1301 MCKINNEY STREET, SUITE 1800, HOUSTON TX 77010
Guy Malden	officer: Co-CEO and EVP	P O BOX 1175, HUNTSVILLE TX 77342
Marcus C Rowland	director	920 MEMORIAL CITY WAY, SUITE 850, HOUSTON TX 77024
Robert John Albers	director	2171 LOMA LINDA DRIVE, PAGOSA SPRINGS CO 81147
Robert P Capps	director, officer: Co-CEO and CFO
Dennis Patrick Morris	officer: Chief Operating Officer	7026 TEAL LOOP, GIG HARBOR WA 98335
William Hunter Hilarides	director	10710 OX CROFT CT., FAIRFAX STATION VA 22039
Midwood Capital Management Llc	10 percent owner	575 BOYLSON ST., 4TH FLOOR, BOSTON MA 02116
Paul Guy Rogers	officer: VP - Business Development
John F Schwalbe	director
R Dean Lewis	director