SWK Holdings (SWK Holdings) Accounts Receivable : $4.73 Mil (As of Dec. 2023)

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What is SWK Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. SWK Holdings's accounts receivables for the quarter that ended in Dec. 2023 was $4.73 Mil.

Accounts receivable can be measured by Days Sales Outstanding. SWK Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 43.63.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. SWK Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-3.67.

SWK Holdings Accounts Receivable Historical Data

The historical data trend for SWK Holdings'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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SWK Holdings Accounts Receivable Chart

SWK Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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2.55

1.91

1.80

3.09

4.73

SWK Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															3.09	4.35	227.33	4.41	4.73

SWK Holdings Accounts Receivable Calculation

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

SWK Holdings 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.

SWK Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.729	/	9.89	*	91
=	43.63

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

SWK Holdings'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)
=	(4.503	+	0.75 * 4.729	+	0.5 * 0	-	53.939
-	0	-	0)	/	12.4978
=	-3.67

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.

SWK Holdings Accounts Receivable Related Terms

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SWK Holdings (SWK Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » SWK Holdings Corp (NAS:SWKH) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

14755 Preston Road, Suite 105, Dallas, TX, USA, 75254

Website

https://www.swkhold.com

SWK Holdings Corp is a healthcare capital provider. The company offers financing solutions to various life science companies, institutions, and inventors. It involves monetizing cash flow streams derived from commercial-stage products and related intellectual property through royalty purchases and financings, as well as through the creation of synthetic revenue interests in commercialized products. Through its wholly-owned subsidiary, it also provides non-discretionary investment advisory services to institutional clients. The company's operating segments are Finance Receivables and Pharmaceutical Development Services. It generates maximum revenue from the Finance Receivables segment.

Executives

Jerry Albright	director	C/O SWK HOLDINGS CORP, 14755 PRESTON ROAD, SUITE 105, DALLAS TX 75254
Yvette M Heinrichson	officer: Chief Financial Officer	14755 PRESTON ROAD, SUITE 105, DALLAS TX 75254
Staggs Joe David Jr	officer: PRESIDENT	14755 PRESTON ROAD, SUITE 105, DALLAS TX 75254
Marcus Edward Pennington	director	2100 MCKINNEY AVENUE, SUITE 1800, DALLAS TX 75201
Wendy F Dicicco	director
Robert K. Hatcher	director	2929 ALLEN PARKWAY, SUITE 3000, HOUSTON TX 77019
Laurie L. Dotter	director	3615 WEST LAWTHER DRIVE, DALLAS TX 75214
Black Winston L Iii	officer: Chief Executive Officer	14755 PRESTON ROAD, SUITE 105, DALLAS TX 75254
Fletcher Aaron G.l.	director	40 GUEST STREET, BOSTON MA 02135
Carlson Capital L P	director, 10 percent owner, other: See Remarks	2100 MCKINNEY AVE, STE 1900, DALLAS TX 75201
Dana Blair Baker	director	200 CRESCENT COURT, SUITE 1450, DALLAS TX 75201
James Brett Pope	director, officer: CEO	4020 SAHARA CT., CARROLLTON TX 75010
Edward B Stead	director	14755 PRESTON ROAD, SUITE 105, DALLAS TX 75254
Christopher W Haga	director	PO BOX 10809, DAYTONA BEACH FL 32120
Black Diamond Offshore Ltd.	director, 10 percent owner, other: See Remarks	CITCO FUND SERVICES, 89 NEXUS WAY, P.O. BOX 31106, GRAND CAYMAN E9 KY1-1205