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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Qualigen Therapeutics's accounts receivables for the quarter that ended in Dec. 2023 was $0.00 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Qualigen Therapeutics's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.70.
The historical data trend for Qualigen Therapeutics'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.
Qualigen Therapeutics Annual Data | |||||||||
Trend | Mar20 | Dec21 | Dec22 | Dec23 | |||||
Accounts Receivable | 0.71 | 0.82 | 0.54 | - |
Qualigen Therapeutics Quarterly Data | ||||||||||||||||||
Jun19 | Sep19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Accounts Receivable | Get a 7-Day Free Trial | 0.54 | 0.41 | 0.68 | - | - |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
Qualigen Therapeutics's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 0 | / | 0 | * | 91 |
= |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Qualigen Therapeutics's accounts receivable are only considered to be worth 75% of book value:
Qualigen Therapeutics's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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) | ||
= | (0.402 | + | 0.75 * 0 | + | 0.5 * 0 | - | 4.137 |
- | 0 | - | 0) | / | 5.36213 | ||
= | -0.70 |
* 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.
Thank you for viewing the detailed overview of Qualigen Therapeutics's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael S. Poirier | director, officer: Chairman, President and CEO | 2042 CORTE DEL NOGAL, SUITE B, CARLSBAD CA 92011 |
Amy S. Broidrick | director | 1440 VALLE GRANDE, ESCONDIDO CA 92025 |
Kurt H Kruger | director | 100 FOXBOROUGH BLVD, SUITE 240, FOXBOROUGH MA 02035 |
Tariq Arshad | officer: SVP/Chief Medical Officer | 2042 CORTE DEL NOGAL, SUITE B, CARLSBAD CA 92011 |
Christopher L. Lotz | officer: Vice President of Finance, CFO | 2042 CORTE DEL NOGAL, SUITE B, CARLSBAD CA 90211 |
Emery Sidney W Jr | director | C/O QUALIGEN THERAPEUTICS, INC., 2042 CORTE DEL NOGAL, CARLSBAD CA 92011 |
Richard A. David | director | 2042 CORTE DEL NOGAL, SUITE B, CARLSBAD CA 92011 |
Wajdi Abdul-ahad | officer: VP, R&D, CSO | 2042 CORTE DEL NOGAL, SUITE B, CARLSBAD CA 92011 |
Shishir K. Sinha | officer: VP of Operations | 2042 CORTE DEL NOGAL, SUITE B, CARLSBAD CA 92011 |
Sekisui Diagnostics, Llc | 10 percent owner | 1 WALL STREET, BURLINGTON MA 01803 |
Matthew E Korenberg | director | 11119 NORTH TORREY PINES ROAD, SUITE 200, LA JOLLA CA 92037 |
Noah Doyle | director | C/O RITTER PHARMACEUTICALS INC., 1801 CENTURY PARK EAST, SUITE 1820, LOS ANGELES CA 90096 |
John W Beck | officer: Chief Financial Officer | C/O RITTER PHARMACEUTICALS, INC., 1880 CENTURY PARK EAST, SUITE 1000, LOS ANGELES CA 90067 |
Jeffrey S Benjamin | officer: VP of Finance | 3885 CRESTWOOD PARKWAY, SUITE 550, DULUTH GA 30096 |
William M. Merino | director | C/O RITTER PHARMACEUTICALS INC., 1880 CENTURY PARK EAST, SUITE 1000, LOS ANGELES CA 90067 |
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