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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.
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.
GSE Systems Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 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 | 4.06 | 4.39 | 5.72 | 4.28 | 3.98 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
Thank you for viewing the detailed overview of GSE Systems's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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