Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Nocopi Technologies's accounts receivables for the quarter that ended in Mar. 2024 was $0.98 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
Nocopi Technologies's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 225.14.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Nocopi Technologies's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $0.85.
Nocopi Technologies Accounts Receivable Historical Data
The historical data trend for Nocopi 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.
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.
Nocopi Technologies's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Nocopi Technologies's accounts receivable are only considered to be worth 75% of book value:
Nocopi Technologies's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:
* 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.
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.
Nocopi Technologies Accounts Receivable Related Terms
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Nocopi Technologies (Nocopi Technologies) Business Description
Nocopi Technologies Inc develops and markets specialty reactive inks. Its main business activities are the development and distribution of document security products and the licensing of its patented reactive ink technologies for the entertainment and toy and the document and product authentication markets in the United States and foreign countries. Its primary geographic markets are North America, South America, Europe, Asia, and Australia. Geographically, the company receives maximum revenue from Asia.
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