Highmark Interactive (TSXV:HMRK.H) Accounts Receivable : C$0.72 Mil (As of Sep. 2022)

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What is Highmark Interactive Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Highmark Interactive's accounts receivables for the quarter that ended in Sep. 2022 was C$0.72 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Highmark Interactive's Days Sales Outstanding for the quarter that ended in Sep. 2022 was 75.71.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Highmark Interactive's Net-Net Working Capital per share for the quarter that ended in Sep. 2022 was C$-0.14.

Highmark Interactive Accounts Receivable Historical Data

The historical data trend for Highmark Interactive'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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Highmark Interactive Accounts Receivable Chart

Highmark Interactive Annual Data

Trend

Dec20

Dec21

Accounts Receivable

0.09

0.64

Highmark Interactive Quarterly Data
	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Accounts Receivable	Get a 7-Day Free Trial			-	0.64	0.64	0.60	0.72

Highmark Interactive Accounts Receivable Calculation

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

Highmark Interactive 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.

Highmark Interactive's Days Sales Outstanding for the quarter that ended in Sep. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.721	/	0.869	*	91
=	75.71

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

Highmark Interactive's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2022 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)
=	(0.16	+	0.75 * 0.721	+	0.5 * 0	-	6.456
-	0	-	0)	/	40.0328
=	-0.14

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.

Highmark Interactive Accounts Receivable Related Terms

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Highmark Interactive (TSXV:HMRK.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Highmark Interactive Inc (TSXV:HMRK.H) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

115 George Street, Suite 602, Oakville, NU, CAN, L6J 0A2

Website

https://www.highmark.tech

Highmark Interactive Inc provides a complete solution for brain health through its proprietary digital brain health assessment tools and its growing network of virtual, in-clinic, and hybrid clinics. The company has three reportable segments; Technology, Medical services and Corporate segment.

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