Accounts Receivable are created when a customer has received a product but has not yet paid for that product. iCoreConnect's accounts receivables for the quarter that ended in Sep. 2024 was $0.80 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
iCoreConnect's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 26.12.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. iCoreConnect's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-27.75.
iCoreConnect Accounts Receivable Historical Data
The historical data trend for iCoreConnect'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.
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
iCoreConnect 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.
iCoreConnect's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), iCoreConnect's accounts receivable are only considered to be worth 75% of book value:
iCoreConnect's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is calculated as:
* 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.
iCoreConnect Accounts Receivable Related Terms
Thank you for viewing the detailed overview of iCoreConnect's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
iCoreConnect Inc develops and markets secure cloud-based HIPAA compliant software services focused on compliance, workflow/productivity, and electronic health records systems. Its core services technology can be adopted to other vertical markets that require a high degree of secure data communication, such as the legal, financial, and education fields. It markets secure HIPAA compliant cloud-based software as a service (SaaS) offering under the names of iCoreExchange, iCoreCodeGenius, iCoreSecure, iCoreMD, iCoreDental, iCoreMobile, iCoreHuddle, iCoreRx, iCorePDMP, iCoreEPCS, and iCorePay. The company's software is sold under annual recurring revenue subscriptions. The company has a single reporting segment for reporting purposes focused on the North American market.
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