Nanofilm Technologies International (SGX:MZH) Accounts Receivable : S$68.5 Mil (As of Dec. 2023)

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What is Nanofilm Technologies International Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Nanofilm Technologies International's accounts receivables for the quarter that ended in Dec. 2023 was S$68.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Nanofilm Technologies International's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 120.39.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Nanofilm Technologies International's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was S$-0.04.

Nanofilm Technologies International Accounts Receivable Historical Data

The historical data trend for Nanofilm Technologies International'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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Nanofilm Technologies International Accounts Receivable Chart

Nanofilm Technologies International Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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49.56

85.96

90.56

82.84

68.52

Nanofilm Technologies International Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial							90.56	72.19	82.84	44.86	68.52

Nanofilm Technologies International Accounts Receivable Calculation

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

Nanofilm Technologies International 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.

Nanofilm Technologies International's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	68.515	/	103.866	*	91
=	120.39

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

Nanofilm Technologies International'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)
=	(155.209	+	0.75 * 68.515	+	0.5 * 19.5	-	197.495
-	0	-	44.132)	/	647.056
=	-0.04

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.

Nanofilm Technologies International Accounts Receivable Related Terms

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Nanofilm Technologies International (SGX:MZH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nanofilm Technologies International Ltd (SGX:MZH) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

11 Tai Seng Drive, Singapore, SGP, 535226

Website

https://www.nti-nanofilm.com

Nanofilm Technologies International Ltd is a provider of nanotechnology solutions in Asia. Its solutions serve as key catalysts enabling customers to achieve high value-add advancements in their end-products in an environmentally sustainable manner. The company operates in three segments: advanced materials BU, Nanofabrication BU, Sydrogen BU and Industrial equipment BU . The majority of its revenue comes from the advanced materials BU segment, which provides advanced materials through surface solution services based on its vacuum coating technologies and processes. Geographically, the company generates revenue from Singapore, Japan, Vietnam and China being the majority revenue generator.

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