AIRO Group (AIRO Group) Accounts Receivable : $1.33 Mil (As of Jun. 2023)

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What is AIRO Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. AIRO Group's accounts receivables for the quarter that ended in Jun. 2023 was $1.33 Mil.

Accounts receivable can be measured by Days Sales Outstanding. AIRO Group's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 11.15.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. AIRO Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $-1.07.

AIRO Group Accounts Receivable Historical Data

The historical data trend for AIRO Group'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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AIRO Group Accounts Receivable Chart

AIRO Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

1.53

1.35

1.66

1.38

AIRO Group Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial					1.34	1.66	1.17	1.33	1.38

AIRO Group Accounts Receivable Calculation

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

AIRO Group 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.

AIRO Group's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.33	/	10.88	*	91
=	11.15

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

AIRO Group's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(2.772	+	0.75 * 1.33	+	0.5 * 2.709	-	100.253
-	0	-	0)	/	89.119
=	-1.07

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.

AIRO Group Accounts Receivable Related Terms

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AIRO Group (AIRO Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AIRO Group Inc (NAS:AIRO) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5001 Indian School Road NE, Suite 100, Albuquerque, NM, USA, 87110

Website

https://www.theairogroup.com

AIRO Group Holdings Inc is a multi-faceted air mobility, autonomy & aerospace platform with differentiated technologies and capabilities dynamically addressing high-growth market trends across the entire Drone Ecosystem with a compelling range of drone technologies & services, avionics and defense training. AIRO provides a diversified product portfolio, ranging from established and mature product offerings to innovative drone and eVTOL solutions, with a balanced customer mix, both military and civil. Its wholly-owned subsidiaries are organized across four complimentary strategic divisions, each with a diverse set of partners and customers and each representing a large and fast-growing market segment: Advanced Avionics; Training; Uncrewed Air Systems; and Electric Air Mobility.

AIRO Group (AIRO Group) Headlines

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