QIFTF (Quorum Information Technologies) Accounts Receivable : $2.19 Mil (As of Sep. 2024)

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What is Quorum Information Technologies Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Quorum Information Technologies's accounts receivables for the quarter that ended in Sep. 2024 was $2.19 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Quorum Information Technologies's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 27.26.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Quorum Information Technologies's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-0.09.

Quorum Information Technologies Accounts Receivable Historical Data

The historical data trend for Quorum Information 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.

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Quorum Information Technologies Accounts Receivable Chart

Quorum Information Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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2.73

2.38

2.79

2.49

2.62

Quorum Information Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Accounts Receivable	Get a 7-Day Free Trial															2.68	2.62	2.36	2.57	2.19

Quorum Information Technologies Accounts Receivable Calculation

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

Quorum Information Technologies 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.

Quorum Information Technologies's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.19	/	7.332	*	91
=	27.26

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

Quorum Information Technologies's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(1.989	+	0.75 * 2.19	+	0.5 * 0	-	10.164
-	0	-	0)	/	73.584
=	-0.09

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.

Quorum Information Technologies Accounts Receivable Related Terms

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Quorum Information Technologies Business Description

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QIS:Canada

Address

7500 Macleod Trail South East, Suite 200, Calgary, AB, CAN, T2H 0L9

Website

https://quoruminformationsystems.com

Quorum Information Technologies Inc is an information technology company engaged in the automotive retail business. It develops, markets, implements, and supports its software products, XSELLERATOR, a Dealership Management System for the automotive market; Autovance Desk, Menu and MyDeal, a sales desking, menuing, and digital retailing system; DealerMine Service and Sales Customer Relationship Management (CRM system and Business Development Centre (BDC); and Quorum Advantage showroom system. The Company operates in three segments, Software as a saas, business development centre, and service and one-time. Its geographical segments are Canada and the United States.