Airship AI Holdings (Airship AI Holdings) Accounts Receivable : $1.65 Mil (As of Dec. 2023)

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What is Airship AI Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Airship AI Holdings's accounts receivables for the quarter that ended in Dec. 2023 was $1.65 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Airship AI Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 45.66.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Airship AI Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.84.

Airship AI Holdings Accounts Receivable Historical Data

The historical data trend for Airship AI Holdings'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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Airship AI Holdings Accounts Receivable Chart

Airship AI Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

0.83

0.71

1.65

Airship AI Holdings Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	0.83	-	0.71	0.67	1.65

Airship AI Holdings Accounts Receivable Calculation

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

Airship AI Holdings 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.649	/	6.591	*	91
=	45.66

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

Airship AI Holdings'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)
=	(3.124	+	0.75 * 1.649	+	0.5 * 0	-	23.575
-	0	-	0)	/	22.812
=	-0.84

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.

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Airship AI Holdings (Airship AI Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Airship AI Holdings Inc (NAS:AISP) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

12226 134th Court NE, Redmond, WA, USA, 98052

Website

https://www.airship.ai

Airship AI Holdings Inc is a U.S.-owned and operated technology company. Airship AI is an AI-driven video, sensor and data management surveillance platform that improves public safety and operational efficiency for public sector and commercial customers by providing predictive analysis of events before it occur and meaningful intelligence to decision makers. Its platform is specifically developed for law enforcement, military, and commercial enterprise organizations that operate in mission-critical environments where failure is not an option.

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