FLXT (Flexpoint Sensor Systems) Accounts Receivable: $0.02 Mil (As of Sep. 2024)

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What is Flexpoint Sensor Systems Accounts Receivable?

Flexpoint Sensor Systems FLXT Accounts Receivable is $0.02 Mil as of Sep. 2024.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Flexpoint Sensor Systems's accounts receivables for the quarter that ended in Sep. 2024 was $0.02 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Flexpoint Sensor Systems's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 36.85.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Flexpoint Sensor Systems's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-0.04.

Flexpoint Sensor Systems 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.

Flexpoint Sensor Systems's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.021/0.052*91
=36.85

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

Flexpoint Sensor Systems'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)
=(0+0.75 * 0.021+0.5 * 0-5.336
-0-0)/125.557
=-0.04

* 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.

Flexpoint Sensor Systems Accounts Receivable Related Terms

Flexpoint Sensor Systems Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Flexpoint Sensor Systems'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.

Flexpoint Sensor Systems Accounts Receivable Chart

Flexpoint Sensor Systems 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 0.03 0.01 0.01 0.02 0.04

Flexpoint Sensor Systems 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 0.02 0.04 0.03 0.04 0.02

Flexpoint Sensor Systems Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of $0.02 Mil mean?
Flexpoint Sensor Systems (FLXT) has a Accounts Receivable of $0.02 Mil as of Sep. 2024. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Flexpoint Sensor Systems and its competitors.
Is Flexpoint Sensor Systems' Accounts Receivable too high?
Flexpoint Sensor Systems' current Accounts Receivable is $0.02 Mil.
How does Flexpoint Sensor Systems' Accounts Receivable compare to AKTSQ and ELST?
Flexpoint Sensor Systems' Accounts Receivable of $0.02 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Hardware company?
A good Accounts Receivable depends on the Hardware industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Flexpoint Sensor Systems and its competitors. Flexpoint Sensor Systems's current Accounts Receivable is $0.02 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flexpoint Sensor Systems stock overvalued right now?
Flexpoint Sensor Systems (FLXT) has a current Accounts Receivable of $0.02 Mil. The current Accounts Receivable is $0.02 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Flexpoint Sensor Systems (FLXT), the current Accounts Receivable is $0.02 Mil as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Flexpoint Sensor Systems Business Description

Address 5718 W Dannon Way, Suite B, West Jordan, UT, USA, 84081
Flexpoint Sensor Systems Inc designs, manufactures, and markets flexible Bend Sensor technology. The Bend Sensor is used for myriad applications, spanning multiple markets such as automotive and transportation, wearables, medical, industrial controls, consumer products, and toys/gaming. Its products include Bend Sensor and USB Bend Sensor Kit.