Research Frontiers (Research Frontiers) Change In Receivables

: $-0.51 Mil (TTM As of Dec. 2023)

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Research Frontiers's change in receivables for the quarter that ended in Dec. 2023 was $-0.28 Mil. It means Research Frontiers's Accounts Receivable increased by $0.28 Mil from Sep. 2023 to Dec. 2023 .

Research Frontiers's change in receivables for the fiscal year that ended in Dec. 2023 was $-0.51 Mil. It means Research Frontiers's Accounts Receivable increased by $0.51 Mil from Dec. 2022 to Dec. 2023 .

Research Frontiers's Accounts Receivable for the quarter that ended in Dec. 2023 was $1.00 Mil.

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 Receivable are being managed. Research Frontiers's Days Sales Outstanding for the three months ended in Dec. 2023 was 293.35.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Research Frontiers's liquidation value for the three months ended in Dec. 2023 was $2.90 Mil.

Research Frontiers Change In Receivables Historical Data

The historical data trend for Research Frontiers's Change In Receivables 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.

* Premium members only.

Research Frontiers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-0.12

-0.02

-0.28

0.10

-0.51

Research Frontiers Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables																-0.05	-0.09	0.02	-0.16	-0.28

Research Frontiers Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.51 Mil.

Research Frontiers (NAS:REFR) Change In Receivables 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 Receivable are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.003	/	0.312	*	91
=	293.35

2. In Ben Graham's calculation of liquidation value, Research Frontiers's accounts receivable are only considered to be worth 75% of book value:

Research Frontiers's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2.476	-	0.333	+	0.75 * 1.003	+	0.5 * 0
=	2.90

Research Frontiers Change In Receivables Related Terms

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Research Frontiers (Research Frontiers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Research Frontiers Inc (NAS:REFR) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

240 Crossways Park Drive, Woodbury, NY, USA, 11797-2033

Website

https://www.smartglass.com

Research Frontiers Inc is engaged in the development and marketing of technology and devices to control the flow of light. The company develops and licenses its patented suspended particle device light-control technology to other companies that manufacture and market the SPD-Smart chemical emulsion, the light-control film made from the chemical emulsion, the light-control panels made by laminating the film, electronics to power end-products incorporating the film, or lamination services for, and the end-products. Its revenue source comes from the licensing of technology.

Executives

Darryl Daigle	director	3213 WYTCHWOOD DRIVE, MORGAN CITY LA 70380
Eyal Peso	director	C/O GAUZY LTD., 14 HATHIYA STREET, TEL AVIV-YAFO L3 6816914
Kevin Douglas	10 percent owner, other: 13(d)(3) group	300A DRAKES LANDING ROAD, SUITE 200, GREENBRAE CA 94904
William Graham Settle	director	6003 COBRIDGE SQUARE, RALEIGH NC 27609
Michael R Lapointe	officer: Vice President-Marketing
Alexander Kaganowicz	director	1217 CARLLS STRAIGHT PATH, DIX HILLS NY 11746
Joseph M Harary	director, officer: Persident and CEO
Grimes George Gregory	director	24 FIFTH AVENUE, APT. 1530, NEW YORK NY 10011
Douglas Family Trust	10 percent owner, other: 13(d)(3) group	300A DRAKES LANDING ROAD, SUITE 200, GREENBRAE CA 94904
James & Jean Douglas Irrevocable Descendants Trust	10 percent owner, other: 13(d)(3) group	300A DRAKES LANDING ROAD, SUITE 200, GREENBRAE CA 94904
Voorhees Seth Van	officer: VicePresident-Business Dev/CFO	12 HARVEY DRIVE, SHORT HILLS NJ 07078
Robert L Saxe	director, officer: Chairman/CTO
Steven Michael Slovak	officer: Vice President-Technology	240 CROSSWAYS PARK DRIVE, WOODBURY NY 11797
Jack Derby	director	399 BOYLSTON STREET, BOSTON MA 02117
Victor F Keen	director	C/O RESEARCH FRONTIERS INC., 240 CROSSWAYS PARK DRIVE, WOODBURY NY 11797