Control Bionics (ASX:CBL) Accounts Receivable : A$1.91 Mil (As of Dec. 2023)

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What is Control Bionics Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Control Bionics's accounts receivables for the quarter that ended in Dec. 2023 was A$1.91 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Control Bionics's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 122.42.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Control Bionics's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$0.01.

Control Bionics Accounts Receivable Historical Data

The historical data trend for Control Bionics'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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Control Bionics Accounts Receivable Chart

Control Bionics Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

0.32

0.67

1.26

1.62

Control Bionics Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			1.80	1.26	1.49	1.62	1.91

Control Bionics Accounts Receivable Calculation

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

Control Bionics 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.

Control Bionics's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.907	/	2.843	*	91
=	122.42

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

Control Bionics'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)
=	(1.314	+	0.75 * 1.907	+	0.5 * 0.518	-	1.222
-	0	-	0)	/	144.872
=	0.01

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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Control Bionics (ASX:CBL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Control Bionics Ltd (ASX:CBL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

697 Bourke Road, Suite 5.01, Camberwell, Melbourne, VIC, AUS, 3124

Website

https://www.controlbionics.com

Control Bionics Ltd is engaged in the business of healthcare devices. It is engaged in the development, commercialization, and sale of assistive communications technology systems within the disability sector. Its core systems include NeuroNode Trilogy and NeuroNode3. These systems allow people with speech and movement difficulties to control a computer for speech generation, electronic communications, entertainment, and external control of other devices. Geographically it derives a majority of revenue from North America and has its presence in Australia as well.