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CloudMD Software & Services (CloudMD Software & Services) Accounts Receivable : $12.53 Mil (As of Mar. 2024)


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What is CloudMD Software & Services Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CloudMD Software & Services's accounts receivables for the quarter that ended in Mar. 2024 was $12.53 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CloudMD Software & Services's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 67.87.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. CloudMD Software & Services's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.08.


CloudMD Software & Services Accounts Receivable Historical Data

The historical data trend for CloudMD Software & Services'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.

CloudMD Software & Services Accounts Receivable Chart

CloudMD Software & Services Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only 0.16 1.72 13.49 11.69 10.59

CloudMD Software & Services Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.17 11.45 10.95 10.59 12.53

CloudMD Software & Services Accounts Receivable Calculation

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


CloudMD Software & Services 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.

CloudMD Software & Services's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=12.531/16.848*91
=67.87

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

CloudMD Software & Services'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)
=(3.816+0.75 * 12.531+0.5 * 0.013-38.07
-0-0)/304.68
=-0.08

* 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.


CloudMD Software & Services Accounts Receivable Related Terms

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CloudMD Software & Services (CloudMD Software & Services) Business Description

Traded in Other Exchanges
Address
885 West Georgia Street, 2200 HSBC Building, Vancouver, BC, CAN, V6C 3E8
CloudMD Software & Services Inc is digitizing the delivery of healthcare by providing patients access to all points of their care from their phone, tablet or desktop computer. The company offers SAAS-based health technology solutions to medical clinics across Canada and has developed proprietary technology that delivers quality healthcare through the combination of connected primary care clinics, telemedicine, and artificial intelligence (AI). It has two segments Digital Health Solutions and Enterprise Health Solutions.