Think Research (Think Research) Accounts Receivable : $8.29 Mil (As of Sep. 2023)

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What is Think Research Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Think Research's accounts receivables for the quarter that ended in Sep. 2023 was $8.29 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Think Research's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 53.31.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Think Research's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-0.70.

Think Research Accounts Receivable Historical Data

The historical data trend for Think Research'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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Think Research Accounts Receivable Chart

Think Research Annual Data

Trend

Sep20

Dec21

Dec22

Accounts Receivable

1.36

10.95

9.39

Think Research Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Receivable	Get a 7-Day Free Trial								9.37	9.39	9.83	11.46	8.29

Think Research Accounts Receivable Calculation

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

Think Research 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	8.286	/	14.182	*	91
=	53.31

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

Think Research'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)
=	(2.768	+	0.75 * 8.286	+	0.5 * 0	-	64.05
-	0	-	0)	/	78.525
=	-0.70

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.

Think Research Accounts Receivable Related Terms

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Think Research (Think Research) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Think Research Corp (OTCPK:THKKF) » Definitions » Accounts Receivable

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Address

199 Bay Street, Suite 4000, Toronto, ON, CAN, M5L 1A9

Website

https://www.thinkresearch.com

Think Research Corp and its subsidiaries are a healthcare technology company digitalizing the delivery of knowledge to facilitate better healthcare outcomes. The company gathers, develops, and delivers a knowledge-based Software-as-a-Service solution globally to customers which typically includes enterprise clients, hospitals, health regions, healthcare professionals, and/or governments. Its cloud-based, EMR-agnostic digital tools have empowered clinicians around the world and positively impacted millions of patients across the continuum of care, including primary physician care, acute care hospitals and surgical suites as well as community and senior care.