NNOCF (Nanoco Group) Accounts Receivable : $0.39 Mil (As of Jul. 2024)

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What is Nanoco Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Nanoco Group's accounts receivables for the quarter that ended in Jul. 2024 was $0.39 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Nanoco Group's Days Sales Outstanding for the quarter that ended in Jul. 2024 was 14.01.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Nanoco Group's Net-Net Working Capital per share for the quarter that ended in Jul. 2024 was $-0.18.

Nanoco Group Accounts Receivable Historical Data

The historical data trend for Nanoco 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.

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Nanoco Group Accounts Receivable Chart

Nanoco Group Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Accounts Receivable

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0.62

1.19

1.17

0.11

0.39

Nanoco Group Semi-Annual Data
	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
Accounts Receivable	Get a 7-Day Free Trial															1.17	0.90	0.11	4.65	0.39

Nanoco Group Accounts Receivable Calculation

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

Nanoco 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.387	/	5.042	*	91
=	14.01

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

Nanoco Group's Net-Net Working Capital Per Share for the quarter that ended in Jul. 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)
=	(26.117	+	0.75 * 0.387	+	0.5 * 0.393	-	61.356
-	0	-	0)	/	188.626
=	-0.18

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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Nanoco Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Nanoco Group PLC (OTCPK:NNOCF) » Definitions » Accounts Receivable

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Traded in Other Exchanges

NANOl:UK NANO.GB:UK NANO:UK

Address

The Heath Business & Technical Park, Heath Road South, Science Centre, Runcorn, GBR, WA7 4QE

Website

https://www.nanocotechnologies.com

Nanoco Group PLC is a UK-based company which is engaged in research, development, and manufacturing of heavy-metal-free quantum dots and semiconductor nanoparticles. Its products include CFQD quantum dots, Heatwave quantum dots, and nanoparticles which offer the potential for display, lighting, solar and biological imaging applications. The company's revenue comes from joint development agreements, individual project development programs and the sale of quantum dot products. Geographically, the company generates majority of its revenue from its business in South Korea and also has its presence in Taiwan, France, United States, United Kingdom, Japan and other countries.