ALTD (Altitude International Holdings) Accounts Receivable: $0.74 Mil (As of Dec. 2022)

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What is Altitude International Holdings Accounts Receivable?

Altitude International Holdings ALTD Accounts Receivable is $0.74 Mil as of Dec. 2022.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Altitude International Holdings's accounts receivables for the quarter that ended in Dec. 2022 was $0.74 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Altitude International Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2022 was 14.97.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Altitude International Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was $-0.15.

Altitude International 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.

Altitude International Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.738/4.498*91
=14.97

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

Altitude International Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 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)
=(1.596+0.75 * 0.738+0.5 * 0.364-77.901
-0-0)/492.239
=-0.15

* 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.

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.

Altitude International Holdings Accounts Receivable Related Terms

Altitude International Holdings Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Altitude International 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.

Altitude International Holdings Accounts Receivable Chart

Altitude International Holdings Annual Data
Trend Dec20 Dec21 Dec22
Accounts Receivable
0.27 0.09 0.74

Altitude International Holdings Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 0.84 0.83 0.82 0.74

Altitude International Holdings Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of $0.74 Mil mean?
Altitude International Holdings (ALTD) has a Accounts Receivable of $0.74 Mil as of Dec. 2022. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Altitude International Holdings and its competitors.
Is Altitude International Holdings' Accounts Receivable too high?
Altitude International Holdings' current Accounts Receivable is $0.74 Mil.
How does Altitude International Holdings' Accounts Receivable compare to CNXA and BTDG?
Altitude International Holdings' Accounts Receivable of $0.74 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Travel & Leisure company?
A good Accounts Receivable depends on the Travel & Leisure industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Altitude International Holdings and its competitors. Altitude International Holdings's current Accounts Receivable is $0.74 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altitude International Holdings stock overvalued right now?
Altitude International Holdings (ALTD) has a current Accounts Receivable of $0.74 Mil. The current Accounts Receivable is $0.74 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Altitude International Holdings (ALTD), the current Accounts Receivable is $0.74 Mil as of Dec. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Altitude International Holdings Business Description

Address 4500 SE Pine Valley Street, Port Saint Lucie, FL, USA, 34952
Altitude International Holdings Inc is a vertically integrated high-performance sports, education, and technology company. It owns and operates sports training and educational institutions, manufacture oxygen training chambers and manufacture atmospheric water generators.