IZM (ICZOOM Group) Accounts Receivable : $28.3 Mil (As of Jun. 2024)

View and export this data going back to 2023. Start your Free Trial

What is ICZOOM Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. ICZOOM Group's accounts receivables for the quarter that ended in Jun. 2024 was $28.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. ICZOOM Group's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 57.24.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. ICZOOM Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was $-0.07.

ICZOOM Group Accounts Receivable Historical Data

The historical data trend for ICZOOM Group'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.

ICZOOM Group Accounts Receivable Chart

ICZOOM Group Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Accounts Receivable

Get a 7-Day Free Trial

43.99

68.06

76.02

76.69

28.30

ICZOOM Group Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Receivable	Get a 7-Day Free Trial						76.02	83.12	76.69	53.12	28.30

ICZOOM Group Accounts Receivable Calculation

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

ICZOOM Group 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	28.297	/	90.213	*	91
=	57.24

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

ICZOOM Group'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)
=	(2.454	+	0.75 * 28.297	+	0.5 * 0.339	-	24.594
-	0	-	0)	/	11.0014
=	-0.07

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.

ICZOOM Group Accounts Receivable Related Terms

Thank you for viewing the detailed overview of ICZOOM Group's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

ICZOOM Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ICZOOM Group Inc (NAS:IZM) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7018 Cai Tian Road, Room 3801, Building A, Sunhope e·METRO, Futian District, Guangdong, Shenzhen, CHN, 518000

Website

http://www.iczoomex.com

ICZOOM Group Inc is engaged in the sale of electronic component products to customers in China. These products are used by small and medium-sized enterprises (SMEs) in the consumer electronic industry, Internet of Things (IoT), automotive electronics, and industrial control segment. In addition to the sales of electronic component products, also provides services to customers such as temporary warehousing, logistic and shipping, and customs clearance and charges them additional service commission fees. The company earns maximum revenue from sale of electronic components.