INVRF (Inverite Insights) Accounts Receivable : $0.09 Mil (As of Dec. 2024)

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What is Inverite Insights Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Inverite Insights's accounts receivables for the quarter that ended in Dec. 2024 was $0.09 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Inverite Insights's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 36.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Inverite Insights's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $-0.01.

Inverite Insights Accounts Receivable Historical Data

The historical data trend for Inverite Insights'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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Inverite Insights Accounts Receivable Chart

Inverite Insights Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Accounts Receivable

0.14

0.05

0.04

0.03

0.12

Inverite Insights Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Jun24	Sep24	Dec24
Accounts Receivable	Get a 7-Day Free Trial															0.12	0.09	0.08	0.08	0.09

Inverite Insights Accounts Receivable Calculation

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

Inverite Insights 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.

Inverite Insights's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.086	/	0.218	*	91
=	36.00

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

Inverite Insights's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(0.079	+	0.75 * 0.086	+	0.5 * 0	-	3.131
-	0	-	0)	/	213.948
=	-0.01

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.

Inverite Insights Accounts Receivable Related Terms

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Inverite Insights Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Inverite Insights Inc (OTCPK:INVRF) » Definitions » Accounts Receivable

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INVR:Canada

Address

999 Canada Place, Suite 404, Vancouver, BC, CAN, V6C 3E2.

Website

https://www.inverite.com

Inverite Insights Inc provides AI-driven software focusing on real-time financial data, which empowers business lenders and financial institutions to transact effectively for data enrichment, identify-KYC, risk management, and compliance. The company operates a cloud-based transactional and Risk Model as a Service (RMaaS) platform; and offers open banking and consumer-directed finance solutions, including banking verification solutions to the financial services industry for income verification, credit decisioning, fraud reduction, and know-your-client/anti-money laundering purposes.