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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Biote's accounts receivables for the quarter that ended in Mar. 2024 was $8.0 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Biote's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 15.64.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Biote's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-2.97.
The historical data trend for Biote'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.
Biote Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Accounts Receivable | - | 4.72 | 5.23 | 6.95 | 6.81 |
Biote Quarterly Data | ||||||||||||||
Dec19 | Dec20 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Accounts Receivable | Get a 7-Day Free Trial | 7.65 | 8.34 | 10.18 | 6.81 | 8.02 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
Biote's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 8.022 | / | 46.804 | * | 91 |
= | 15.64 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Biote's accounts receivable are only considered to be worth 75% of book value:
Biote's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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) | ||
= | (78.787 | + | 0.75 * 8.022 | + | 0.5 * 18.917 | - | 205.008 |
- | 0 | - | -9.501) | / | 34.0642 | ||
= | -2.97 |
* 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.
Thank you for viewing the detailed overview of Biote's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Mary Elizabeth Conlon | officer: General Counsel | C/O BIOTE CORP., 1875 W. WALNUT HILL LN #100, IRVING TX 75038 |
Anil K Shrivastava | 10 percent owner | 200 PARK AVENUE, 17TH FLOOR, NEW YORK NY 10016 |
Michael David Braner | 10 percent owner | 200 PARK AVENUE, 17TH FLOOR, NEW YORK NY 10016 |
Daniel M. Friedberg | 10 percent owner | C/O SAGARD CAPITAL, 325 GREENWICH AVENUE, GREENWICH CT 06830 |
325 Capital Llc | 10 percent owner | 757 THIRD AVENUE, 20TH FLOOR, NEW YORK NY 10017 |
Mary Joan Puncochar | officer: Chief Commercial Officer | C/O BIOTE CORP., 1875 W. WALNUT HILL LN #100, IRVING TX 75038 |
Roystone Capital Holdings Llc | 10 percent owner | 767 THIRD AVENUE, 29TH FLOOR, NEW YORK NY 10017 |
Roystone Capital Management Lp | 10 percent owner | 780 THIRD AVENUE, 41ST FLOOR, NEW YORK NY 10017 |
Samar Jagat Kamdar | officer: Chief Financial Officer | 7042 CORONADO AVE., DALLAS TX 75214 |
Marc D Beer | director | C/O AEGERION PHARMACEUTICALS, 89 HEADQUARTERS PLAZA, SUITE 1212, MORRISTOWN NJ 07960 |
Guines Llc | 10 percent owner | 767 THIRD AVENUE, 29TH FLOOR, NEW YORK NY 10017 |
Richard R Barrera | 10 percent owner | 767 THIRD AVENUE, 29TH FLOOR, NEW YORK NY 10017 |
Debra L Morris | director | 11620 WILSHIRE BOULEVARD, SUITE 1000, LOS ANGELES CA 90025 |
Andrew R Heyer | director, officer: President and Director | 501 MADISON AVENUE, FLOOR 5, NEW YORK NY 10019 |
Teresa Sue Weber | director, officer: Chief Executive Officer | C/O BIOTE CORP., 1875 W. WALNUT HILL LN #100, IRVING TX 75038 |
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