GetSwift Technologies (GetSwift Technologies) Accounts Receivable : $3.78 Mil (As of Mar. 2021)

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What is GetSwift Technologies Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. GetSwift Technologies's accounts receivables for the quarter that ended in Mar. 2021 was $3.78 Mil.

Accounts receivable can be measured by Days Sales Outstanding. GetSwift Technologies's Days Sales Outstanding for the quarter that ended in Mar. 2021 was 130.59.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. GetSwift Technologies's Net-Net Working Capital per share for the quarter that ended in Mar. 2021 was $0.08.

GetSwift Technologies Accounts Receivable Historical Data

The historical data trend for GetSwift 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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GetSwift Technologies Accounts Receivable Chart

GetSwift Technologies Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Accounts Receivable

0.02

0.08

0.41

7.53

GetSwift Technologies Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21
Accounts Receivable	Get a 7-Day Free Trial											1.19	-	7.53	-	3.78

GetSwift Technologies Accounts Receivable Calculation

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

GetSwift 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.

GetSwift Technologies's Days Sales Outstanding for the quarter that ended in Mar. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.781	/	2.642	*	91
=	130.59

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

GetSwift Technologies's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2021 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)
=	(11.843	+	0.75 * 3.781	+	0.5 * 1.675	-	9.421
-	0	-	3.771)	/	30.7642
=	0.08

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.

GetSwift Technologies Accounts Receivable Related Terms

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GetSwift Technologies (GetSwift Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GetSwift Technologies Ltd (OTCPK:GTSWF) » Definitions » Accounts Receivable

Comparable Companies

TSXV:ID XSAT:JOJK XCNQ:PLNK ASX:AO1 WAR:ITL WAR:MAD XCNQ:PPK OCSE:NEXCOM TSXV:NPA XCNQ:PUSH

Traded in Other Exchanges

N/A

Address

1185 6th Avenue, New York, NY, USA, 10036

Website

https://www.getswift.co

GetSwift Technologies Ltd is a technology and services company that offers a suite of software, products, and services through its operating subsidiaries, which are focused on business and logistics and automation, data management and analysis, communications, information security, and infrastructure optimization and also includes e-commerce and marketplace ordering, workforce management, data analytics and augmentation, business intelligence, route optimization, cash management, task management shift management, asset tracking, real-time alerts, cloud communications, and communications infrastructure services and products through consulting, design, construction, and maintenance.