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Qlife Holding AB (OSTO:QLIFE) Accounts Receivable : kr0.70 Mil (As of Sep. 2023)


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What is Qlife Holding AB Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Qlife Holding AB's accounts receivables for the quarter that ended in Sep. 2023 was kr0.70 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Qlife Holding AB's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 1,413.36.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Qlife Holding AB's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was kr-0.05.


Qlife Holding AB Accounts Receivable Historical Data

The historical data trend for Qlife Holding AB'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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Qlife Holding AB Accounts Receivable Chart

Qlife Holding AB Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Accounts Receivable
- 9.33 2.76 1.06

Qlife Holding AB Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.37 1.06 0.81 0.70 0.70

Qlife Holding AB Accounts Receivable Calculation

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


Qlife Holding AB 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.

Qlife Holding AB's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.697/0.045*91
=1,413.36

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

Qlife Holding AB's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(5.632+0.75 * 0.697+0.5 * 7.872-58.504
-0-0)/1034.71
=-0.05

* 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.


Qlife Holding AB Accounts Receivable Related Terms

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Qlife Holding AB (OSTO:QLIFE) Business Description

Traded in Other Exchanges
Address
Redaregatan 48, Helsingborg, SWE, SE-252 36
Qlife Holding AB is a medical device company that seeks to revolutionize the clinical biomarker testing of whole blood by taking it out of the lab and into the homes of the people who needs it. The Egoo Home System is an integrated platform consisting of a small home device and disposable capsules, each of which tests for a specific biomarker. It provides a digital infrastructure for sharing the data with the patient's doctor, clinic or hospital via smartphone and computer.

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