Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Asensus Surgical's accounts receivables for the quarter that ended in Jun. 2024 was $0.41 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
Asensus Surgical's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 16.79.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Asensus Surgical's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was $-0.14.
Asensus Surgical Accounts Receivable Historical Data
The historical data trend for Asensus Surgical'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.
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
Asensus Surgical 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.
Asensus Surgical's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Asensus Surgical's accounts receivable are only considered to be worth 75% of book value:
Asensus Surgical's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is calculated as:
* 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.
Asensus Surgical Accounts Receivable Related Terms
Thank you for viewing the detailed overview of Asensus Surgical's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Asensus Surgical Inc is a medical device company that digitizes the interface between the surgeon and the patient to improve minimally invasive surgery through digital laparoscopy. It enables the use of capabilities such as augmented intelligence, connectivity, and robotics in laparoscopy and seeks to address the current clinical, cognitive, and economic shortcomings in surgery. The Senhance Surgical System is the first machine vision system for use in robotic surgery, which is powered by the new Intelligent Surgical Unit that enables augmented intelligence in surgery and brings the benefits of digital laparoscopy to patients around the world. The company's single segment includes the research, development, and sale of medical device robotics to improve minimally invasive surgery.
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