Rekor Systems (FRA:38E) Accounts Receivable : €3.77 Mil (As of Dec. 2023)

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What is Rekor Systems Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Rekor Systems's accounts receivables for the quarter that ended in Dec. 2023 was €3.77 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Rekor Systems's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 33.89.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Rekor Systems's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-0.51.

Rekor Systems Accounts Receivable Historical Data

The historical data trend for Rekor 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.

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Rekor Systems Accounts Receivable Chart

Rekor Systems Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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0.70

0.85

0.84

2.24

3.77

Rekor Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															2.24	4.01	5.26	6.58	3.77

Rekor Systems Accounts Receivable Calculation

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

Rekor 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.

Rekor Systems's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.769	/	10.148	*	91
=	33.89

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

Rekor Systems's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(14.108	+	0.75 * 3.769	+	0.5 * 2.804	-	53.902
-	0	-	0)	/	69.1768
=	-0.51

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.

Rekor Systems Accounts Receivable Related Terms

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Rekor Systems (FRA:38E) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Rekor Systems Inc (FRA:38E) » Definitions » Accounts Receivable

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REKR:USA 38E:Germany

Address

6721 Columbia Gateway Drive, Suite 400, Columbia, MD, USA, 21046

Website

https://www.rekor.ai

Rekor Systems Inc is a United States-based company. It is engaged in providing real-time roadway intelligence through AI-driven decisions. Rekor bridges commercial and government sectors with actionable, real-time vehicle recognition data. The firm uses artificial intelligence to analyze video streams and transform them into AI-driven decisions. Its machine learning software can turn most IP cameras into accurate vehicle recognition devices used to help protect lives, increase brand loyalty, and enhance operations and logistics. Its geographical segments are the United States, Canada, and Others, of which the majority of its revenue comes from the United States.

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