Hydreight Technologies (TSXV:NURS) Accounts Receivable : C$0.12 Mil (As of Sep. 2024)

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What is Hydreight Technologies Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hydreight Technologies's accounts receivables for the quarter that ended in Sep. 2024 was C$0.12 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hydreight Technologies's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 2.32.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hydreight Technologies's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was C$-0.08.

Hydreight Technologies Accounts Receivable Historical Data

The historical data trend for Hydreight Technologies'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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Hydreight Technologies Accounts Receivable Chart

Hydreight Technologies Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

0.01

0.02

Hydreight Technologies Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Accounts Receivable	Get a 7-Day Free Trial										-	0.02	0.01	0.03	0.12

Hydreight Technologies Accounts Receivable Calculation

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

Hydreight Technologies 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.

Hydreight Technologies's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.115	/	4.526	*	91
=	2.32

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

Hydreight Technologies's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 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)
=	(1.212	+	0.75 * 0.115	+	0.5 * 0.093	-	4.577
-	0	-	0)	/	40.3154
=	-0.08

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.

Hydreight Technologies Accounts Receivable Related Terms

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Hydreight Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Hydreight Technologies Inc (TSXV:NURS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

HYDTF:USA SO6:Germany

Address

1500 West Georgia Street, Suite 800, Vancouver, BC, CAN, V6G 2Z6

Website

https://www.hydreight.com

Hydreight Technologies Inc is a home healthcare and wellness platform that bridges the gap between provider compliance and patient convenience, empowering nurses, med spa technicians, and other licensed healthcare professionals. It delivers services independently, on its own terms, or adds mobile services to existing location-based operations. The platform includes a built-in, easy-to-use suite of fully-integrated tools for accounting, documentation, sales, inventory, booking, managing patient data, and more, Hydreight has a 503B pharmacy license and is a U.S. certified e-script and telemedicine provider that allows it to provide services in over 50 states.

Executives

Gabi Kabazo

Director

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