GURUFOCUS.COM » STOCK LIST » Technology » Software » RemSense Technologies Ltd (ASX:REM) » Definitions » Accounts Receivable

RemSense Technologies (ASX:REM) Accounts Receivable : A$0.01 Mil (As of Jun. 2024)


View and export this data going back to 2021. Start your Free Trial

What is RemSense Technologies Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. RemSense Technologies's accounts receivables for the quarter that ended in Jun. 2024 was A$0.01 Mil.

Accounts receivable can be measured by Days Sales Outstanding. RemSense Technologies's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 2.02.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. RemSense Technologies's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was A$-0.00.

RemSense Technologies Accounts Receivable Historical Data

The historical data trend for RemSense Technologies'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.

RemSense Technologies Accounts Receivable Chart

RemSense Technologies Annual Data
Trend Jun22 Jun23 Jun24
Accounts Receivable
0.56 0.16 0.01

RemSense Technologies Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Accounts Receivable Get a 7-Day Free Trial 0.56 0.72 0.16 0.09 0.01

RemSense Technologies Accounts Receivable Calculation

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

RemSense Technologies 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.

RemSense Technologies's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.006/0.541*91
=2.02

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

RemSense Technologies's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 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)
=(0.388+0.75 * 0.006+0.5 * 0-1.125
-0-0)/164.86
=-0.00

* 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.

RemSense Technologies Accounts Receivable Related Terms

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

RemSense Technologies Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » RemSense Technologies Ltd (ASX:REM) » Definitions » Accounts Receivable
Comparable Companies
ASX:FFT ASX:DOU ASX:CT1 ASX:CGO ASX:DXN ASX:AI1 ASX:CCG ACN NSE:TCS IBM FI NSE:INFY NSE:HCLTECH CTSH XPAR:CAP FIS CDW IT TSE:6702 BOM:507685
Traded in Other Exchanges
N/A
Address
580 Hay Street, Suite 173, Level 3, Perth, WA, AUS, 6000
Website
https://www.remsense.com.au
RemSense Technologies Ltd is engaged in technology development digital engineering solutions and its virtual plant photogrammic Digital Twin software product and services in a range of markets and applications in Western Australia. It is engaged in developing and market virtual plant is a productive and scalable photogrammetric digital twin that enables visual information from remote or distributed assets to be securely available to all users on existing hardware. data and analytics services to clients through both aerial and terrestrial scanning and imaging and a broad spectrum of services such as photogrammetry/surveying, inspection of assets, and environmental and rehabilitation impact studies.