EARNZ (LSE:EARN) Accounts Receivable : £0.03 Mil (As of Dec. 2023)

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What is EARNZ Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. EARNZ's accounts receivables for the quarter that ended in Dec. 2023 was £0.03 Mil.

Accounts receivable can be measured by Days Sales Outstanding. EARNZ's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 15.60.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. EARNZ's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was £-0.15.

EARNZ Accounts Receivable Historical Data

The historical data trend for EARNZ'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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EARNZ Accounts Receivable Chart

EARNZ Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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0.02

0.05

0.03

EARNZ Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial										0.02	0.40	0.05	0.18	0.03

EARNZ Accounts Receivable Calculation

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

EARNZ 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.03	/	0.351	*	91
=	15.60

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

EARNZ'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)
=	(0.054	+	0.75 * 0.03	+	0.5 * 0.419	-	1.145
-	0	-	0)	/	5.54649
=	-0.15

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.

EARNZ Accounts Receivable Related Terms

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EARNZ (LSE:EARN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » EARNZ PLC (LSE:EARN) » Definitions » Accounts Receivable

Traded in Other Exchanges

52Y:Germany

Address

Holborn Gate, 330 Holborn, First Floor, London, GBR, WC1V 7QT

Website

https://www.verditek.com

Verditek PLC is engaged in the development and commercialization of clean technologies. The company is also engaged in the development of its lightweight solar panels. Geographically, the company has a presence in the United Kingdom and the Rest of Europe.