Acusensus (ASX:ACE) Accounts Receivable : A$7.02 Mil (As of Jun. 2023)

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What is Acusensus Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Acusensus's accounts receivables for the quarter that ended in Jun. 2023 was A$7.02 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Acusensus's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 30.50.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Acusensus's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was A$0.14.

Acusensus Accounts Receivable Historical Data

The historical data trend for Acusensus'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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Acusensus Accounts Receivable Chart

Acusensus Annual Data

Trend

Jun22

Jun23

Accounts Receivable

3.64

7.02

Acusensus Semi-Annual Data
	Jun22	Jun23
Accounts Receivable	3.64	7.02

Acusensus Accounts Receivable Calculation

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

Acusensus 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7.019	/	42.005	*	91
=	30.50

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

Acusensus'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)
=	(24.799	+	0.75 * 7.019	+	0.5 * 1.374	-	12.541
-	0	-	0)	/	126.15
=	0.14

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.

Acusensus Accounts Receivable Related Terms

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Acusensus (ASX:ACE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Acusensus Ltd (ASX:ACE) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

31 Queen Street, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.acusensus.com

Acusensus Ltd is involved in developing and commercializing intelligent traffic solutions technology. Its 'Heads-Up' solution has been designed to give authorities a tool to address distraction and other illegal driver behavior, to drive behavioral change on the road network. It also provides Data security solutions. The company's main objective is to Pioneer intelligent solutions to tackle difficult societal challenges, reduce road trauma and save lives. Geographically the company generates the majority of its revenue from Australia.

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