Vitalhub (TSX:VHI) Accounts Receivable : C$8.38 Mil (As of Dec. 2023)

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What is Vitalhub Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Vitalhub's accounts receivables for the quarter that ended in Dec. 2023 was C$8.38 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Vitalhub's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 56.24.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Vitalhub's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was C$0.07.

Vitalhub Accounts Receivable Historical Data

The historical data trend for Vitalhub'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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Vitalhub Accounts Receivable Chart

Vitalhub Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1.68

3.04

5.28

10.13

8.38

Vitalhub 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															10.13	12.55	-	10.86	8.38

Vitalhub Accounts Receivable Calculation

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

Vitalhub 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	8.384	/	13.603	*	91
=	56.24

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

Vitalhub'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)
=	(33.48	+	0.75 * 8.384	+	0.5 * 0.17	-	36.878
-	0	-	0)	/	43.7124
=	0.07

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.

Vitalhub Accounts Receivable Related Terms

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Vitalhub (TSX:VHI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Vitalhub Corp (TSX:VHI) » Definitions » Accounts Receivable

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Traded in Other Exchanges

VHIBF:USA 6OVA:Germany

Address

480 University Avenue, Suite 1001, Toronto, ON, CAN, M5G 1V2

Website

https://www.vitalhub.com

Vitalhub Corp provides technology to Health and Human Service providers including Hospitals, Regional Health Authorities, Mental Health, Long Term Care, Home Health, and Community and Social Services. Vitalhub solutions span the categories of Electronic Health Records (EHR), Case Management, Care Coordination, Patient Flow and Operational Visibility, and Mobile Apps. It operates in one segment for its operations related to healthcare information systems in the mental health, long-term care, community health service, and hospital sectors. Geographically it's available in Canada, the United Kingdom, Australia, the USA, Western Asia, and the Rest of the world, and the majority of the revenue comes from the United Kingdom.