Longfin (Longfin) Accounts Receivable : $38.59 Mil (As of Jun. 2018)

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What is Longfin Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Longfin's accounts receivables for the quarter that ended in Jun. 2018 was $38.59 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Longfin's Days Sales Outstanding for the quarter that ended in Jun. 2018 was 88.29.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Longfin's Net-Net Working Capital per share for the quarter that ended in Jun. 2018 was $-0.21.

Longfin Accounts Receivable Historical Data

The historical data trend for Longfin'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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Longfin Accounts Receivable Chart

Longfin Annual Data

Trend

Dec17

Accounts Receivable

36.81

Longfin Quarterly Data
	Feb17	Jun17	Sep17	Dec17	Mar18	Jun18
Accounts Receivable	Get a 7-Day Free Trial			-	15.02	36.81	31.07	38.59

Longfin Accounts Receivable Calculation

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

Longfin 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.

Longfin's Days Sales Outstanding for the quarter that ended in Jun. 2018 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	38.587	/	39.882	*	91
=	88.29

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

Longfin's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2018 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)
=	(0.49	+	0.75 * 38.587	+	0.5 * 0	-	44.913
-	0	-	0.116)	/	74.541
=	-0.21

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.

Longfin Accounts Receivable Related Terms

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Longfin (Longfin) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Longfin Corp (OTCPK:LFIN) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

16-017, 85 Broad Street, New York, NY, USA, 10004

Website

http://www.longfincorp.com

Longfin Corp is a US-based finance and technology company. It specializes in providing structured trade finance solutions and physical commodities finance solutions for finance houses and trading platforms for North America, South America, and Africa regions. The core business activity of the company is to provide Financing and FX services to importers and exporters. The services provided by the company includes importer and exporters financing, trade insurance-backed financing, financial institution intermediation, risk management engine and other.