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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CION Invt's accounts receivables for the quarter that ended in Sep. 2024 was $0.00 Mil.
Accounts receivable can be measured by Days Sales Outstanding. CION Invt's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 0.00.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. CION Invt's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-19.62.
The historical data trend for CION Invt'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.
CION Invt Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | - | - | - | - | - |
CION Invt Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Accounts Receivable | Get a 7-Day Free Trial | - | - | - | - | - |
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.
CION Invt's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 0 | / | 2.639 | * | 91 |
= | 0.00 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), CION Invt's accounts receivable are only considered to be worth 75% of book value:
CION Invt's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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) | ||
= | (29.765 | + | 0.75 * 0 | + | 0.5 * 0 | - | 1076.431 |
- | 0 | - | 0) | / | 53.3599 | ||
= | -19.62 |
* 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 CION Invt's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael A Reisner | director, officer: Co-Chairman & Co-CEO | C/O CION INVESTMENT CORP., 3 PARK AVENUE, 36TH FL, NEW YORK NY 10016 |
Stephen Roman | officer: CCO & Secretary | C/O CION INVESTMENT CORP., 3 PARK AVENUE, 36TH FLOOR, NEW YORK NY 10016 |
Robert A Breakstone | director | C/O CION INVESTMENT CORP., 3 PARK AVENUE, 36TH FL, NEW YORK NY 10016 |
Gregg A. Bresner | officer: President & CIO | C/O CION INVESTMENT CORP, 3 PARK AVENUE, 36TH FLOOR, NEW YORK NY 10016 |
Eric A. Pinero | officer: Chief Legal Officer | 3 PARK AVENUE, 36TH FLOOR, NEW YORK NY 10016 |
Mark Gatto | director, officer: Co-Chairman & Co-CEO | C/O CION INVESTMENT CORP., 3 PARK AVENUE, 36TH FL, NEW YORK NY 10016 |
Peter I. Finlay | director | C/O CION INVESTMENT CORP, 3 PARK AVENUE, 36TH FLOOR, NEW YORK NY 10016 |
Catherine Choi | director | 3 PARK AVENUE, 36TH FLOOR, NEW YORK NY 10016 |
Aron I Schwartz | director | C/O CION INVESTMENT CORP., 3 PARK AVENUE, 36TH FL, NEW YORK NY 10016 |
Keith S Franz | officer: CFO & Treasurer | C/O CION INVESTMENT CORP., 3 PARK AVENUE, 36TH FL, NEW YORK NY 10016 |
Edward J. Estrada | director | 3 PARK AVENUE, 36TH FLOOR, NEW YORK NY 10016 |
Joseph D Glatt | director | C/O APOLLO INVESTMENT CORPORATION, 9 WEST 57TH STREET, NEW YORK NY 10019 |
Earl Hedin | director | C/O CION INVESTMENT CORP, 3 PARK AVENUE, 36TH FLOOR, NEW YORK NY 10016 |
David J Verlizzo | officer: SEE REMARKS | C/O CION INVESTMENT CORP, 3 PARK AVENUE, 36TH FL, NEW YORK NY 10016 |
Apollo Principal Holdings Iii Gp Ltd | 10 percent owner | C/O INTERTRUST CORPORATE SERVICES, (CAYMAN) LIMITED, 190 ELGIN STREET, GEORGE TOWN E9 KY1-9005 |
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