OMNIQ (OMQS) Accounts Receivable

: $18.65 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. OMNIQ's accounts receivables for the quarter that ended in Dec. 2023 was $18.65 Mil.

Accounts receivable can be measured by Days Sales Outstanding. OMNIQ's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 110.21.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. OMNIQ's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-5.23.

OMNIQ Accounts Receivable Historical Data

The historical data trend for OMNIQ'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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OMNIQ Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

6.69

9.66

27.12

23.89

18.65

OMNIQ Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																23.89	25.65	18.28	18.47	18.65

OMNIQ Accounts Receivable Calculation

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

OMNIQ 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	18.654	/	15.445	*	91
=	110.21

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

OMNIQ'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)
=	(1.678	+	0.75 * 18.654	+	0.5 * 6.028	-	74.506
-	0.001	-	0)	/	10.6758
=	-5.23

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.

OMNIQ Accounts Receivable Related Terms

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OMNIQ (OMQS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » OMNIQ Corp (NAS:OMQS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1865 West 2100 South, Salt Lake City, UT, USA, 84119

Website

https://www.omniq.com

OMNIQ Corp provides computerized and machine vision image processing solutions that use patented and proprietary artificial intelligence (AI) technology to deliver data collection, real time surveillance and monitoring for supply chain management, homeland security, public safety, traffic and parking management and access control applications. The company provides products and solutions to two markets: supply chain management and smart/safe city.

Executives

Neev Nissenson	director	42 CARRY WAY, CARSON CITY NV 89521
Mina Ayala Teicher	director	22 VITKIN ST, TEL AVIV L3 63474
Guy Elhanani	director	11 YOSEF NAKAR STREET, PETAH TIQVA L3 4977359
Itzhak Almog	director	7/A MOLEDET ST, HOD HASHARON L3 45341
Shai Lustgarten	director, officer: Chief Executive Officer	27, HAMETZUDA STREET, AZOR L3 5800171
Jason F Griffith	director, officer: Chief Financial Officer	2580 ANTHEM VILLAGE DRIVE, HENDERSON NV 89052
Carlos Jaime Nissensohn	10 percent owner	TRAVESA DE PRAIA 128, PRAIA DA LUZ S1 8600
Benjamin Kemper	officer: Chief Financial Officer	1251 S. 1650 W, SYRACUSE UT 84075
Andrew J Macmillan	director, officer: Chief Executive Officer	NTS, INC., 5307 W. LOOP 289, LUBBOCK TX 79414
Yaron Shalem	director	5 YISHAYAHU,, AURECH STREET,, TEL AVIV, L3 00000
Joseph Trombino	officer: Chief Financial Officer	860 CONGER STREET, EUGENE OR 97402
Gilles Gaudreault	director, officer: Chief Executive Officer	2580 ANTHEM VILLAGE DR., HENDERSON NV 89052
Viascan Group Inc.	10 percent owner	8102 TRANSCANADA HWY, ST-LAURENT A8 H751M5
Lewis William Austin Iv	director	201 E 87TH STREET, APT 5H, NEW YORK NY 10128
Robert F. Shepard	director	2580 ANTHEM VILLAGE DRIVE, HENDERSON NV 89052