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SGBXQ (SG Blocks) Accounts Receivable : $0.36 Mil (As of Jun. 2024)


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What is SG Blocks Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. SG Blocks's accounts receivables for the quarter that ended in Jun. 2024 was $0.36 Mil.

Accounts receivable can be measured by Days Sales Outstanding. SG Blocks's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 26.51.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. SG Blocks's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was $-174.87.


SG Blocks Accounts Receivable Historical Data

The historical data trend for SG Blocks'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.

* Premium members only.

SG Blocks Accounts Receivable Chart

SG Blocks Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.88 3.25 3.69 1.31 0.82

SG Blocks Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 Premium Member Only 0.79 0.74 0.82 0.09 0.36

SG Blocks Accounts Receivable Calculation

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


SG Blocks 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.

SG Blocks's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.364/1.253*91
=26.51

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

SG Blocks's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=(1.017+0.75 * 0.364+0.5 * 0.223-25.718
-0-4.345)/0.1639
=-174.87

* 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.


SG Blocks Accounts Receivable Related Terms

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SG Blocks Business Description

Traded in Other Exchanges
Address
990 Biscayne Boulevard, No. 501, Office 12, Miami, FL, USA, 33132
Safe & Green Holdings Corp is a modular solutions company. The company currently provides modules made out of both code-engineered cargo shipping containers and wood for use as both permanent or temporary structures for residential housing use and commercial use, including for health care facilities. It operates in four segments: construction; medical; real estate development; and environmental. The company generates the majority of its revenue from the Construction segment which designs and constructs modular structures built in their factories using raw materials that are Made-in-America.

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