HeartCore Enterprises (HeartCore Enterprises) Accounts Receivable : $3.09 Mil (As of Mar. 2024)

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What is HeartCore Enterprises Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. HeartCore Enterprises's accounts receivables for the quarter that ended in Mar. 2024 was $3.09 Mil.

Accounts receivable can be measured by Days Sales Outstanding. HeartCore Enterprises's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 55.80.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. HeartCore Enterprises's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.69.

HeartCore Enterprises Accounts Receivable Historical Data

The historical data trend for HeartCore Enterprises'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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HeartCore Enterprises Accounts Receivable Chart

HeartCore Enterprises Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

0.91

0.71

0.96

0.55

2.62

HeartCore Enterprises Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial											2.38	2.81	2.56	2.62	3.09

HeartCore Enterprises Accounts Receivable Calculation

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

HeartCore Enterprises 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.

HeartCore Enterprises's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.086	/	5.047	*	91
=	55.80

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

HeartCore Enterprises's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(1.628	+	0.75 * 3.086	+	0.5 * 0	-	15.972
-	0	-	2.419)	/	20.8641
=	-0.69

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.

HeartCore Enterprises Accounts Receivable Related Terms

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HeartCore Enterprises (HeartCore Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » HeartCore Enterprises Inc (NAS:HTCR) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-2-33, Higashigotanda, Shinagawa-ku, Tokyo, JPN

Website

https://www.heartcore.co.jp

HeartCore Enterprises Inc is a software development company. It provides software through two business units. The first business unit includes a customer experience management business that has been in existence for 12 years. The customer experience management platform includes marketing, sales, service and content management systems, as well as other tools and integrations, that enable companies to attract and engage customers throughout the customer experience. It also provides education, services and support to help customers be successful with CXM Platform.

Executives

Keisuke Kuno	officer: CX Division Vice President	2-10-1 HORINOUCHI, HACHIOJI-SHI, TOKYO M0 192-0355
Kimio Hosaka	director, officer: Chief Operating Officer	2-16-2-312 OSHIAGE, SUMIDA-KU, TOKYO M0 131-0045
Sumitaka Yamamoto	director, 10 percent owner, officer: Chairman,CEO & President	848 JORDAN AVE. #G, LOS ALTOS CA 94022
Ferdinand Groenewald	director	C/O MUSCLE MAKER, INC,, 2200 SPACE PARK DRIVE,SUITE 310, HOUSTON TX 77058
Qizhi Gao	officer: Chief Financial Officer	1-8-17-302, SHITTE, TSURUMI-KU, YOKOHAMA-SHI, KANAGAWA M0 230-0003
Hidekazu Miyata	officer: Chief Technical Officer	4-6-6-1106, KONAN, MINATO-KU, TOKYO M0 108-0075
Yuta Katai	director	1-14-604 SUIDOUCHO,SHINJYUKU-KU, TOKYO M0 162-0811
Takeshi Omoto	director	1-16-5 HIG A SHIG A OK A , MEGURO-KU, TOKYO M0 152-0021
Yoshitomo Yamano	director	3-12-22-301, SENDAGAYA, SHIBUYA-KU, TOKYO M0 151-0051
Yuki Tan	director	2-14-8, AZAMINOMINAMI, AOBA-KU, YOKOHAMA-SHI, KANGAWA M0 225-0012