AtlasClear Holdings (AtlasClear Holdings) Accounts Receivable : $0.20 Mil (As of Jun. 2023)

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What is AtlasClear Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. AtlasClear Holdings's accounts receivables for the quarter that ended in Jun. 2023 was $0.20 Mil.

Accounts receivable can be measured by Days Sales Outstanding. AtlasClear Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 3.94.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. AtlasClear Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $-1.82.

AtlasClear Holdings Accounts Receivable Historical Data

The historical data trend for AtlasClear Holdings'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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AtlasClear Holdings Accounts Receivable Chart

AtlasClear Holdings Annual Data

Trend

Jun22

Accounts Receivable

1.17

AtlasClear Holdings Semi-Annual Data
	Jun22	Jun23
Accounts Receivable	1.17	0.20

AtlasClear Holdings Accounts Receivable Calculation

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

AtlasClear Holdings 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.196	/	9.089	*	91
=	3.94

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

AtlasClear Holdings'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)
=	(9.098	+	0.75 * 0.196	+	0.5 * 0	-	30.652
-	0	-	0)	/	11.782
=	-1.82

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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AtlasClear Holdings (AtlasClear Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » AtlasClear Holdings Inc (AMEX:ATCH) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4221 W. Boy Scout Boulevard, Suite 300, Tampa, FL, USA, 33607

Website

https://www.atlasclear.com

AtlasClear Holdings Inc is a fintech company. Its goal is to build a cutting-edge technology-enabled financial services firm that would create a more efficient platform for trading, clearing, settlement and banking of evolving and innovative financial products with a focus on financial services firms, generally with annual revenues up to $1 billion, including small and mid-sized banks, brokerage firms, hedge funds, pension plans, and family offices that are not adequately served by today's larger correspondent clearing firms and banks.

AtlasClear Holdings (AtlasClear Holdings) Headlines

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