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DVNCF (Danavation Technologies) Accounts Receivable : $0.17 Mil (As of Jan. 2024)


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What is Danavation Technologies Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Danavation Technologies's accounts receivables for the quarter that ended in Jan. 2024 was $0.17 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Danavation Technologies's Days Sales Outstanding for the quarter that ended in Jan. 2024 was 1,108.04.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Danavation Technologies's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $-0.06.

Danavation Technologies Accounts Receivable Historical Data

The historical data trend for Danavation Technologies'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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Danavation Technologies Accounts Receivable Chart

Danavation Technologies Annual Data
Trend Dec19 Jul20 Jul21 Jul22 Jul23
Accounts Receivable
- 0.04 0.26 0.25 0.26

Danavation Technologies Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 0.41 0.13 0.26 0.23 0.17

Danavation Technologies Accounts Receivable Calculation

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

Danavation Technologies 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.

Danavation Technologies's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.17/0.014*91
=1,108.04

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

Danavation Technologies's Net-Net Working Capital Per Share for the quarter that ended in Jan. 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)
=(0+0.75 * 0.17+0.5 * 0.188-7.223
-0-0)/120.825
=-0.06

* 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.

Danavation Technologies Accounts Receivable Related Terms

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Danavation Technologies Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Danavation Technologies Corp (OTCPK:DVNCF) » Definitions » Accounts Receivable
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Traded in Other Exchanges
N/A
Address
21 Roybridge Gate, Woodbridge, Vaughan, ON, CAN, L4H 1E6
Website
https://www.danavation.com
Danavation Technologies Corp is an internet of things(IoT) technology company, that provides micro e-paper displays to organizations across North America. The company's Digital Smart Labels, powered by IoT automation technology and software Platform-as-a-Service, enables companies across various sectors to automate labelling, price, product, and promotions in real-time, enhancing data accuracy and improving performance by removing high labour costs and low productivity associated with traditional labour-intensive workflows. The primary revenue streams are; Hardware, Installation and configuration and Software agreements.