GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Andrea Electronics Corp (OTCPK:ANDR) » Definitions » Accounts Receivable

Andrea Electronics (Andrea Electronics) Accounts Receivable : $0.17 Mil (As of Dec. 2022)


View and export this data going back to 2004. Start your Free Trial

What is Andrea Electronics Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Andrea Electronics's accounts receivables for the quarter that ended in Dec. 2022 was $0.17 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Andrea Electronics's Days Sales Outstanding for the quarter that ended in Dec. 2022 was 60.11.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Andrea Electronics's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was $-0.04.


Andrea Electronics Accounts Receivable Historical Data

The historical data trend for Andrea Electronics'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.

* Premium members only.

Andrea Electronics Accounts Receivable Chart

Andrea Electronics Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.42 0.38 0.18 0.24 0.17

Andrea Electronics Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.24 0.23 0.40 0.31 0.17

Andrea Electronics Accounts Receivable Calculation

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


Andrea Electronics 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.

Andrea Electronics's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.166/0.252*91
=60.11

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

Andrea Electronics'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)
=(0.056+0.75 * 0.166+0.5 * 0.284-3.327
-0.009-0)/68.105
=-0.04

* 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.


Andrea Electronics Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Andrea Electronics's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


Andrea Electronics (Andrea Electronics) Business Description

Traded in Other Exchanges
N/A
Address
620 Johnson Avenue, Suite 1B, Bohemia, NY, USA, 11716
Andrea Electronics Corp is engaged in the design, development, and manufacturing of digital microphone products and noise reduction software that facilitate natural language, human, and machine interfaces. The company's technologies assist in eliminating background noise to enable the optimum performance of various speech-based and audio applications. It operates through two segments. The Patent monetization segment consists of monetization revenues. Its Andrea DSP microphone & audio software products segment includes products such as Andrea digital super directional array microphone technology, Andrea direction-finding & tracking array microphone technology, Andrea pure audio noise-filtering technology, and Andrea EchoStop, an advanced acoustic echo cancellation technology.
Executives
Joseph J Migliozzi director
Douglas J Andrea director, officer: President & CEO C/O ANDREA ELECTRONICS CORPORATION, 65 ORVILLE RAOD, BOHEMIA NY 11716
Louis Libin director C/O ANDREA ELECTRONICS CORP, 45 MELVILLE PARK ROAD, MELVILLE NY 11747
Guiffre Corisa officer: Vice President & CFO ANDREA ELECTRONICS CORPORATION, 65 ORVILLE ROAD, BOHEMIA NY 11716
Gary A Jones director 45 MELVILLE PARK ROAD, MELVILLE NY 11747
Jonathan D Spaet director
Scott Koondel director 45 MELVINE PORK RD, C/O ANDRE ELECTRONICS CORP, MELVILLE NY 11747
John R Croteau director 45 MELVINE PORK RD, C/O ANDRE ELECTRONICS CORP, MELVILLE NY 11747
Paul Donofrio director, officer: President & CEO C/O ANDREA ELECTRONICS CORPORATION, 45 MELVILLE PARK ROAD, MELVILLE NY 11747