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Castle Biosciences Accounts Receivable

: $12.53 Mil (As of Jun. 2020)
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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Castle Biosciences's accounts receivables for the quarter that ended in Jun. 2020 was $12.53 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Castle Biosciences's Days Sales Outstanding for the quarter that ended in Jun. 2020 was 89.91.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Castle Biosciences's Net-Net Working Capital per share for the quarter that ended in Jun. 2020 was $7.54.


Castle Biosciences Accounts Receivable Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Castle Biosciences Annual Data
Dec17 Dec18 Dec19
Accounts Receivable 4.65 12.09 14.65

Castle Biosciences Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
Accounts Receivable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.73 12.37 14.65 14.60 12.53

Castle Biosciences Accounts Receivable Calculation

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


Castle Biosciences 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.

Castle Biosciences's Days Sales Outstanding for the quarter that ended in Jun. 2020 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=12.528/12.715*91
=89.91

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

Castle Biosciences's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2020 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)
=(179.759+0.75 * 12.528+0.5 * 1.667-43.924
-0-0)/19.3739
=7.54

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.


Castle Biosciences Accounts Receivable Related Terms


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