SMG Industries (SMG Industries) Accounts Receivable : $16.96 Mil (As of Sep. 2023)

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What is SMG Industries Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. SMG Industries's accounts receivables for the quarter that ended in Sep. 2023 was $16.96 Mil.

Accounts receivable can be measured by Days Sales Outstanding. SMG Industries's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 46.50.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. SMG Industries's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-0.17.

SMG Industries Accounts Receivable Historical Data

The historical data trend for SMG Industries'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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SMG Industries Accounts Receivable Chart

SMG Industries Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

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0.70

4.92

11.70

12.19

SMG Industries Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															11.66	12.19	12.57	13.22	16.96

SMG Industries Accounts Receivable Calculation

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

SMG Industries 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.

SMG Industries's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	16.963	/	33.29	*	91
=	46.50

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

SMG Industries's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(3.669	+	0.75 * 16.963	+	0.5 * 0.787	-	61.12
-	0	-	0)	/	268.055
=	-0.17

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.

SMG Industries Accounts Receivable Related Terms

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SMG Industries (SMG Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SMG Industries Inc (OTCPK:SMGI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

State Hwy 249, Suite 450, Houston, TX, USA, 77070

Website

https://www.SMGIndustries.com

SMG Industries Inc is an oilfield service company that is a growth-oriented midstream, logistics, and oilfield services company that operates throughout the domestic Southwest United States. It offers an expanding suite of products and services across the oilfield market segments of drilling, completion, and production.

Executives

Timothy W Barnhart	director, officer: Chief Financial Officer	9251 WEST MAIN ROAD, NORTH EAST PA 16428
Bryan S Barnhart	director, officer: Chief Executive Officer	9251 WEST MAIN ROAD, NORTH EAST PA 16428
Wilson Newton W Iii	director, 10 percent owner	C/O KEY ENERGY SERVICES, INC., 1301 MCKINNEY STREET, SUITE 1800, HOUSTON TX 77010
Frye James E. Jr.	director, 10 percent owner	4090 N. HWY US 79, PALESTINE TX 75801
Newton W. Dorsett	director	220 TRAVIS STREET, SUITE 501, SHREVEPORT LA 71101
Brady E. Crosswell	director, 10 percent owner	902 WILD VALLEY ROAD, HOUSTON TX 77057
Steven H Madden	10 percent owner	9821 KATY FWY, STE 880, APEX HERITAGE GROUP, HOUSTON TX 77024
Allen Ray Parrott	officer: Chief Financial Officer	10626 SHELDON ROAD, HOUSTON TX 77044
Jeffrey Ralph Martini	officer: Chief Executive Officer	18226 MEMORIAL SPRINGS CT., TOMBALL TX 77375
Joseph L Page	director	8523 OLD QUARRY DR, SUGAR LAND TX 77479
Matthew C Flemming	director, officer: President, CEO and Chairman	18614 RESICA FALLS, HOUSTON TX 77094
Stephen Christian	officer: Executive Vice President	710 N. POST ROAD, SUITE 400, HOUSTON TX 77024
Robert Michael Villarreal	director	710 N POST OAK ROAD, SUITE 315, HOUSTON TX 77024
George W Gilman	10 percent owner	710 N. POST OAK RD., SUITE 400, HOUSTON TX 77024
Gilbert Michael A. Ii	director	851 WYCLIFFE DRIVE, HOUSTON TX 77079