Determine (Determine) Accounts Receivable : $6.57 Mil (As of Dec. 2018)

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What is Determine Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Determine's accounts receivables for the quarter that ended in Dec. 2018 was $6.57 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Determine's Days Sales Outstanding for the quarter that ended in Dec. 2018 was 100.96.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Determine's Net-Net Working Capital per share for the quarter that ended in Dec. 2018 was $-2.03.

Determine Accounts Receivable Historical Data

The historical data trend for Determine'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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Determine Accounts Receivable Chart

Determine Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Accounts Receivable

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3.01

5.20

7.03

7.04

6.61

Determine Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Accounts Receivable	Get a 7-Day Free Trial															9.03	6.61	6.28	3.88	6.57

Determine Accounts Receivable Calculation

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

Determine 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.

Determine's Days Sales Outstanding for the quarter that ended in Dec. 2018 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6.574	/	5.942	*	91
=	100.96

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

Determine's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2018 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)
=	(8.318	+	0.75 * 6.574	+	0.5 * 0	-	44.189
-	0	-	0)	/	15.237
=	-2.03

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.

Determine Accounts Receivable Related Terms

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Determine (Determine) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Determine Inc (OTCPK:DTRM) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

615 West Carmel Drive, Suite 100, Carmel, IN, USA, 46032

Website

http://www.determine.com

Determine Inc is a provider of SaaS Source-to-Pay and enterprise contract lifecycle management solutions. The Determine cloud platform provides procurement, legal and finance professionals analytics of their supplier, contract, and financial performance. It offers a range of solutions including, sourcing, contract management, procurement, invoice management, financial management, supplier management, and analytics. The Determine cloud platform also offers a business network, or hub, for coordinating buyers, partners, and suppliers looking to engage and collaborate on the Determine cloud platform.

Executives

Alimco Financial Corp	10 percent owner, other: See Remarks	2336 S.E. OCEAN BOULEVARD SUITE 400, STUART FL 34996
Neil S Subin	10 percent owner, other: See Remarks	2336 S.E. OCEAN BOULEVARD, #400, STUART FL 34996
Michael Brodsky	director	C/O NEW WORLD OPPORTUNITY PARTNERS I LLC, 1603 ORRINGTON AVE, STE 1600, EVANSTON IL 60201
Miller Lloyd I Iii	10 percent owner
Alan B Howe	director	1155 KAS DRIVE SUITE 100, RICHARDSON TX 75081
Lloyd Sems	director	C/O SEMS CAPITAL, 7 DEY STREET, SUITE 1101, NEW YORK NY 10017
Michael J Casey	director	C/O MAPICS INC, 1000WINDWARD CONCOURSE PKWY STE.100, ALPHARETTA GA 30005
Steel Partners Holdings L.p.	10 percent owner	590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Sph Group Holdings Llc	10 percent owner	C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Sph Group Llc	10 percent owner	C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Steel Partners Holdings Gp Inc.	10 percent owner	590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Steel Partners Llc	10 percent owner	590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Warren G Lichtenstein	10 percent owner	C/O STEEL PARTNERS II L P, 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Arnold James Robert Jr.	director	3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305
James Thanos	director	655 CAMPBELL TECHNOLOGY PARKWAY STE 250 CAMPBELL CA 95008