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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Novo Integrated Sciences's accounts receivables for the quarter that ended in May. 2024 was $3.04 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
Novo Integrated Sciences's Days Sales Outstanding for the quarter that ended in May. 2024 was 88.04.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Novo Integrated Sciences's Net-Net Working Capital per share for the quarter that ended in May. 2024 was $-1.10.
Novo Integrated Sciences 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.
Novo Integrated Sciences's Days Sales Outstanding for the quarter that ended in May. 2024 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Novo Integrated Sciences's accounts receivable are only considered to be worth 75% of book value:
Novo Integrated Sciences's Net-Net Working Capital Per Share for the quarter that ended in May. 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.
Novo Integrated Sciences Accounts Receivable Related Terms
Novo Integrated Sciences Accounts Receivable Historical Data
* 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.
Novo Integrated Sciences Accounts Receivable Chart
What does a Accounts Receivable of $3.04 Mil mean?
Novo Integrated Sciences (NVOS) has a Accounts Receivable of $3.04 Mil as of May. 2024. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Novo Integrated Sciences and its competitors.
Is Novo Integrated Sciences' Accounts Receivable too high?
Novo Integrated Sciences' current Accounts Receivable is $3.04 Mil. Overall, Novo Integrated Sciences has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Novo Integrated Sciences' Accounts Receivable compare to BACK and NHLG?
Novo Integrated Sciences' Accounts Receivable of $3.04 Mil can be compared against companies in the Healthcare Providers & Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Healthcare Providers & Services company?
A good Accounts Receivable depends on the Healthcare Providers & Services industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Novo Integrated Sciences and its competitors. Novo Integrated Sciences's current Accounts Receivable is $3.04 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novo Integrated Sciences stock overvalued right now?
Novo Integrated Sciences (NVOS) has a current Accounts Receivable of $3.04 Mil. The current Accounts Receivable is $3.04 Mil. Novo Integrated Sciences' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Novo Integrated Sciences (NVOS), the current Accounts Receivable is $3.04 Mil as of May. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Novo Integrated Sciences Inc is a medical care company. It provides specialized physiotherapy, chiropractic care, occupational therapy, eldercare, laser therapeutics, massage therapy, acupuncture, neurological functions, kinesiology, and others. It has two reportable segments: healthcare services and product sales. Healthcare services generate the majority of revenue.
12GF Score
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