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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Renovacor's accounts receivables for the quarter that ended in Sep. 2022 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. Renovacor's Net-Net Working Capital per share for the quarter that ended in Sep. 2022 was $2.31.
The historical data trend for Renovacor'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.
Renovacor Annual Data | |||||
Trend | Dec20 | Dec21 | |||
Accounts Receivable | - | - |
Renovacor Quarterly Data | |||||||||
Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | |
Accounts Receivable | Get a 7-Day Free Trial | - | - | - | - | - |
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.
Renovacor's Days Sales Outstanding for the quarter that ended in Sep. 2022 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), Renovacor's accounts receivable are only considered to be worth 75% of book value:
Renovacor's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2022 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) | ||
= | (53.713 | + | 0.75 * 0 | + | 0.5 * 0 | - | 15.034 |
- | 0 | - | 0) | / | 16.7694 | ||
= | 2.31 |
* 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 Renovacor's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Joseph S Carroll | officer: Chief Accounting Officer | C/O RENOVACOR, INC., 5 MEAD POINT DRIVE, GREENWICH CT 06830 |
Gregory F Covino | director | C/O RICHARD W DAVIES HUBBELL INC, 684 DERBY MILFORD RD, ORANGE CT 06477 |
Joan Lau | director | C/O RENOVACOR, INC., 5 MEAD POINT DRIVE, GREENWICH CT 06830 |
Benz Edward J. Jr | director | C/O DECIPHERA PHARMACEUTICALS, INC., 200 SMITH STREET, WALTHAM MA 02451 |
Needham Thomas E. Jr. | director | MERRIMACK PHARMACEUTICALS, INC., ONE KENDALL SQUARE, SUITE B7201, CAMBRIDGE MA 02139 |
Frederick W Driscoll | officer: Chief Financial Officer | |
Jonas Grossman | director | 17 STREET, SUITE 1600, NEW YORK NY 10004 |
Gbolahan Amusa | director | 17 STATE STREET 21 FLOOR, NEW YORK NY 10004 |
Magdalene Cook | director, officer: Chief Executive Officer | C/O RENOVACOR, INC., 5 MEAD POINT DRIVE, GREENWICH CT 06830 |
Matthew Killeen | officer: Chief Scientific Officer | C/O RENOVACOR, INC., 5 MEAD POINT DRIVE, GREENWICH CT 06830 |
Rtw Investments, Lp | 10 percent owner | 40 10TH AVENUE, 7TH FLOOR, NEW YORK NY 10014 |
Rtw Master Fund, Ltd. | 10 percent owner | C/O WALKERS CORPORATE LIMITED, 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9008 |
Roderick Wong | 10 percent owner | C/O RTW INVESTMENTS, LP, 40 10TH AVENUE, 7TH FLOOR, NEW YORK NY 10014 |
Marc Semigran | officer: Chief Medical Officer | C/O MYOKARDIA, INC., 333 ALLERTON AVE, SOUTH SAN FRANCISCO CA 94080 |
Wendy F Dicicco | officer: Interim CFO |
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