QIND (Quality Industrial) Accounts Receivable: $63.00 Mil (As of Jun. 2023)

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What is Quality Industrial Accounts Receivable?

Quality Industrial QIND +7.55% Accounts Receivable is $63.00 Mil as of Jun. 2023.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Quality Industrial's accounts receivables for the quarter that ended in Jun. 2023 was $63.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Quality Industrial's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 266.12.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Quality Industrial's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $-1.13.

Quality Industrial 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.

Quality Industrial's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=62.999/21.602*91
=266.12

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

Quality Industrial's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=(1.708+0.75 * 62.999+0.5 * 41.511-171.999
-0-26.937)/114.577
=-1.13

* 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.

Quality Industrial Accounts Receivable Related Terms

Quality Industrial Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Quality Industrial'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.

Quality Industrial Accounts Receivable Chart

Quality Industrial Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Accounts Receivable
0.00 0.00 0.00 40.64

Quality Industrial Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 0.00 0.00 40.64 51.35 63.00

Quality Industrial Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of $63.00 Mil mean?
Quality Industrial (QIND) has a Accounts Receivable of $63.00 Mil as of Jun. 2023. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Quality Industrial and its competitors.
Is Quality Industrial's Accounts Receivable too high?
Quality Industrial's current Accounts Receivable is $63.00 Mil.
How does Quality Industrial's Accounts Receivable compare to OPTT and AUSI?
Quality Industrial's Accounts Receivable of $63.00 Mil can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Accounts Receivable depends on the Industrial Products 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 Quality Industrial and its competitors. Quality Industrial's current Accounts Receivable is $63.00 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quality Industrial stock overvalued right now?
Quality Industrial (QIND) has a current Accounts Receivable of $63.00 Mil. The current Accounts Receivable is $63.00 Mil. 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 Quality Industrial (QIND), the current Accounts Receivable is $63.00 Mil as of Jun. 2023. 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.

Quality Industrial Business Description

Address 505 Montgomery Street, San Francisco, CA, USA, 94104
Quality Industrial Corp is engaged in the manufacture and assembly of industrial equipment and precision-engineered technology for the Industrial, Oil & Gas, and Utility sectors. Its services include consulting, designing, supplying, installing, and maintaining LPG systems, as well as the transportation and supply of LPG in both bulk and cylinder formats. The firm cater to a diverse range of clients, including commercial buildings, mixed-use apartment complexes, shopping centers, food courts, heavy industries, labor accommodations, catering units, commercial kitchens, and dining establishments.