Evome Medical Technologies (Evome Medical Technologies) Accounts Receivable : $5.82 Mil (As of Dec. 2023)

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What is Evome Medical Technologies Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Evome Medical Technologies's accounts receivables for the quarter that ended in Dec. 2023 was $5.82 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Evome Medical Technologies's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 45.29.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Evome Medical Technologies's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.30.

Evome Medical Technologies Accounts Receivable Historical Data

The historical data trend for Evome Medical Technologies'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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Evome Medical Technologies Accounts Receivable Chart

Evome Medical Technologies Annual Data

Trend

Dec14

Feb15

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Dec23

Accounts Receivable

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0.50

5.01

5.82

Evome Medical Technologies Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															5.79	5.43	8.26	7.38	5.82

Evome Medical Technologies Accounts Receivable Calculation

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

Evome Medical Technologies 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.

Evome Medical Technologies's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	5.817	/	11.719	*	91
=	45.29

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

Evome Medical Technologies's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(0.685	+	0.75 * 5.817	+	0.5 * 7.635	-	32.986
-	0	-	0)	/	79.89
=	-0.30

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.

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