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S Split (TSX:SBN.PR.A.PFD) Accounts Receivable : C$0.00 Mil (As of Dec. 2023)


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What is S Split Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. S Split's accounts receivables for the quarter that ended in Dec. 2023 was C$0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

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


S Split Accounts Receivable Historical Data

The historical data trend for S Split'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.

S Split Accounts Receivable Chart

S Split Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
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S Split Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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S Split Accounts Receivable Calculation

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


S Split 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/-0.047*91
=

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

S Split'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)
=(0.002+0.75 * 0+0.5 * 0-4.196
-0-0)/0
=N/A

* 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.


S Split Accounts Receivable Related Terms

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S Split (TSX:SBN.PR.A.PFD) Business Description

Traded in Other Exchanges
Address
121 King Street West, Suite 2600, P.O. Box 113, Toronto, ON, CAN, M5H 3T9
S Split Corp is a mutual fund corporation. The Fund invests in common shares of The Bank of Nova Scotia (BNS) and may also invest up to 10 percent of its net assets to purchase call options in respect of securities in which the Fund is permitted to invest. The Fund employs an active covered call strategy to enhance the income generated by the BNS shares and to reduce volatility. In addition, the Fund may write cash-covered put options in respect of securities in which it is permitted to invest.

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