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GVP (GSE Systems) Accounts Receivable : $3.98 Mil (As of Jun. 2024)


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What is GSE Systems Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. GSE Systems's accounts receivables for the quarter that ended in Jun. 2024 was $3.98 Mil.

Accounts receivable can be measured by Days Sales Outstanding. GSE Systems's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 30.97.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. GSE Systems's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was $-4.02.


GSE Systems Accounts Receivable Historical Data

The historical data trend for GSE 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.

* Premium members only.

GSE Systems Accounts Receivable Chart

GSE 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 11.04 5.69 6.12 6.07 5.72

GSE Systems Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 4.06 4.39 5.72 4.28 3.98

GSE Systems Accounts Receivable Calculation

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


GSE 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.

GSE Systems's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=3.98/11.725*91
=30.97

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

GSE Systems's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=(1.254+0.75 * 3.98+0.5 * 0-17.547
-0-0)/3.30663
=-4.02

* 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.


GSE Systems Accounts Receivable Related Terms

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GSE Systems Business Description

Traded in Other Exchanges
N/A
Address
6940 Columbia Gateway Drive, Suite 470, Columbia, MD, USA, 21046
GSE Systems Inc is a company engaged in providing engineering, staffing, and simulation software to clients in the power and process industries. It also provides interactive computer-based tutorials and simulation software for the refining, chemical, and petrochemical industries. It functions through two segments: The engineering segment and the Workforce Solutions segment. Its geographical segments include the United States, Europe, and Asia, out of which the majority of the revenue is generated from the United States.
Executives
Dougherty Iii Thomas James director GSE SYSTEMS, INC, 6940 COLUMBIA GATEWAY DRIVE, SUITE 470, COLUMBIA MD 21046
Kathryn O'connor director GSE SYSTEMS, INC, 1332 LONDONTOWN BLVD SUITE 200, SYKESVILLE MD 21784
Corey William S. Jr. director C/O STEWART INFORMATION SERVICES CORP., 1360 POST OAK BLVD., SUITE 100 MC-14-1, HOUSTON TX 77056
Bahram Meyssami officer: Chief Technology Officer C/O GSE SYSTEMS, INC., 1332 LON, SYKESVILLE MD 21784
Emmett Anthony Pepe officer: Chief Financial Officer 1515 JUDD COURT, HERNDON VA 20170
Donald Horn officer: President, GSE Engineering GSE SYSTEMS INC, 6940 COLUMBIA GATEWAY DRIVE, SUITE 470, COLUMBIA MD 21046-3308
Daniel Warren Pugh officer: Chief Legal and Risk Officer C/O GSE SYSTEMS, INC., 1332 LONDONTOWN BLVD., SYKESVILLE MD 21784
Ravi Khanna officer: SVP Professional Services GSE SYSTEMS, INC., 1332 LONDONTOWN BLVD, SYKESVILLE MD 21784
Kyle Justin Loudermilk director, officer: President & CEO 3525 WOODBINE STREET, CHEVY CHASE MD 20815
Brian Greene officer: VP, GSE Workforce Solutions GSE SYSTEMS INC, 1332 LONDONTOWN BLVD, SYKESVILLE MD 21784
Ngp Energy Technology Partners Ii, L.p. 10 percent owner 1700 K STREET N.W., SUITE 750, WASHINGTON DC 20006
Energy Technology Partners, L.l.c. 10 percent owner 1700 K STREET NW, SUITE 750, WASHINGTON DC 20006
Philip J Deutch 10 percent owner PERSEUS 2000 LLC, 2099 PENNSYLVANIA AVUE NW STE 900, WASHINGTON DC 20006
Suresh Sundaram director C/O EXA CORPORATION, 55 NETWORK DRIVE, BURLINGTON MA 01803
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6