GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Spectra Products Inc (OTCPK:SPKTF) » Definitions » Accounts Receivable

Spectra Products (Spectra Products) Accounts Receivable : $0.25 Mil (As of Sep. 2023)


View and export this data going back to 1994. Start your Free Trial

What is Spectra Products Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Spectra Products's accounts receivables for the quarter that ended in Sep. 2023 was $0.25 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Spectra Products's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 58.39.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Spectra Products's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $0.06.


Spectra Products Accounts Receivable Historical Data

The historical data trend for Spectra Products'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.

Spectra Products Accounts Receivable Chart

Spectra Products Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.21 0.15 0.12 0.18 0.26

Spectra Products Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 0.18 0.26 0.20 0.26 0.25

Spectra Products Accounts Receivable Calculation

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


Spectra Products 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.

Spectra Products's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.247/0.386*91
=58.39

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

Spectra Products's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(0.93+0.75 * 0.247+0.5 * 0.227-0.315
-0-0)/14.4414
=0.06

* 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.


Spectra Products Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Spectra Products's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


Spectra Products (Spectra Products) Business Description

Traded in Other Exchanges
Address
41 Horner Avenue, Unit 2, Etobicoke, Toronto, ON, CAN, M8Z 4X4
Spectra Products Inc is a company engaged in manufacturing and supplying safety and productivity enhancement products to the bus and truck transportation industry. The operating segment of the company is Bus and Truck Transportation Safety Equipment. It manufactures and markets brake and wheel-end monitoring equipment as an after-market product through transportation dealers, distributors and direct sales to fleet operators. Geographically, it generates the majority of its revenue from the United States.

Spectra Products (Spectra Products) Headlines

No Headlines