Toggle3D.ai (Toggle3D.ai) Accounts Receivable : $0.10 Mil (As of Oct. 2023)

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What is Toggle3D.ai Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Toggle3D.ai's accounts receivables for the quarter that ended in Oct. 2023 was $0.10 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Toggle3D.ai's Days Sales Outstanding for the quarter that ended in Oct. 2023 was 431.36.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Toggle3D.ai's Net-Net Working Capital per share for the quarter that ended in Oct. 2023 was $0.03.

Toggle3D.ai Accounts Receivable Historical Data

The historical data trend for Toggle3D.ai'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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Toggle3D.ai Accounts Receivable Chart

Toggle3D.ai Annual Data

Trend

Dec20

Dec21

Dec22

Accounts Receivable

Toggle3D.ai Quarterly Data
	Dec20	Dec21	Dec22	Mar23	Jul23	Oct23
Accounts Receivable	Get a 7-Day Free Trial			-	-	-	-	0.10

Toggle3D.ai Accounts Receivable Calculation

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

Toggle3D.ai 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.

Toggle3D.ai's Days Sales Outstanding for the quarter that ended in Oct. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.104	/	0.022	*	91
=	431.36

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Toggle3D.ai's accounts receivable are only considered to be worth 75% of book value:

Toggle3D.ai's Net-Net Working Capital Per Share for the quarter that ended in Oct. 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)
=	(0.945	+	0.75 * 0.104	+	0.5 * 0	-	0.044
-	0	-	0)	/	28.7771
=	0.03

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.

Toggle3D.ai Accounts Receivable Related Terms

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Toggle3D.ai (Toggle3D.ai) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Toggle3D.ai (OTCPK:TGGLF) » Definitions » Accounts Receivable

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Traded in Other Exchanges

Q0C:Germany TGGL:Canada

Address

Toronto RPO Royal Bank Plaza, PO Box 64039, Toronto, ON, CAN, M5J 2T6

Website

https://toggle3d.com

Toggle3D.ai is an AR-enhanced standalone web application that enables product designers, 3D artists, marketing professionals and eCommerce site owners to create, customize and publish high-quality 3D models and experiences without any technical or 3D design knowledge required. The Company believes that Toggle3D is the first platform of its kind, and this breakthrough SaaS product is a potential game changer for the manufacturing and design industry, as it provides a viable solution to convert large CAD files into lightweight 3D models at affordable prices and at scale.