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DRTTF (Dirtt Environmental Solutions) Accounts Receivable : $20.4 Mil (As of Sep. 2024)


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What is Dirtt Environmental Solutions Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Dirtt Environmental Solutions's accounts receivables for the quarter that ended in Sep. 2024 was $20.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Dirtt Environmental Solutions's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 42.88.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Dirtt Environmental Solutions's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-0.17.


Dirtt Environmental Solutions Accounts Receivable Historical Data

The historical data trend for Dirtt Environmental Solutions'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.

Dirtt Environmental Solutions Accounts Receivable Chart

Dirtt Environmental Solutions Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.40 13.12 14.06 13.93 15.79

Dirtt Environmental Solutions 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 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 20.52 15.79 15.78 17.73 20.39

Dirtt Environmental Solutions Accounts Receivable Calculation

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


Dirtt Environmental Solutions 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.

Dirtt Environmental Solutions's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=20.385/43.375*91
=42.88

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

Dirtt Environmental Solutions'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)
=(23.626+0.75 * 20.385+0.5 * 14.751-78.217
-0-0)/193.393
=-0.17

* 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.


Dirtt Environmental Solutions Accounts Receivable Related Terms

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Dirtt Environmental Solutions Business Description

Traded in Other Exchanges
Address
7303 - 30th Street S.E., Calgary, AB, CAN, T2C 1N6
Dirtt Environmental Solutions Ltd is a manufacturer of customized interiors. The company combines its (3D) design, configuration, and manufacturing software (ICE or ICE Software) with in-house manufacturing of its prefabricated interior construction solutions and a distribution partner (DP) network. It offers services to various sectors which include healthcare, education, commercial, Government and other sectors. DIRTT operates its activity through the U.S. and Canada of which, the United States generates the majority of revenue.
Executives
Shaun Noll director 55 SPEAR STREET, 42ND FLOOR, SAN FRANCISCO CA 94101
Benjamin Nicholas Urban director, officer: Chief Executive Officer 7303 30 STREET S.E., CALGARY A0 T2C 1N6
Fareeha Khan officer: Chief Financial Officer 7303 30 STREET S.E., CALGARY A0 T2C 1N6
Kenneth D Sanders director 338 SPEAR STREET #31-C, SAN FRANCISCO CA 94105
Nandini Somayaji officer: See Remarks 7303 30 STREET S.E., CALGARY A0 T2C 1N6
Mark Greffen officer: See Remarks 7303 30 ST. S.E., CALGARY A0 T2C 1N6
Scott L Robinson director 3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Aron R. English director 1455 NW LEARY WAY, SUITE 400, SEATTLE WA 98107
Mitchell Cory director 1455 NW LEARY WAY, SUITE 400, SEATTLE WA 98107
Jeffery Dopheide officer: Chief Revenue Officer 7303 30 STREET S.E., CALGARY A0 T2C 1N6
Richard J Hunter officer: Chief Operating Officer 511 E JOHN CARPENTER FREEWAY, SUITE 600, IRVING TX 75062
Bradley Scott Little officer: Chief Financial Officer 7303 30 ST SE, CALGARY A0 T2C 1N6
Douglas A Edwards director 2218 ALTA AVE., LOUISVILLE KY 40205
Scott C Ryan director 4745 N. 7TH STREET, SUITE 310, PHOENIX AZ 85014
Mary Garden director 480 BROOKHAVEN RD, VICTORIA A1 V9E 2A5