EvokAI Creative Labs (TSXV:OKAI) Accounts Receivable : C$0.06 Mil (As of Sep. 2024)

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What is EvokAI Creative Labs Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. EvokAI Creative Labs's accounts receivables for the quarter that ended in Sep. 2024 was C$0.06 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. EvokAI Creative Labs's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was C$-0.18.

EvokAI Creative Labs Accounts Receivable Historical Data

The historical data trend for EvokAI Creative Labs'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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EvokAI Creative Labs Accounts Receivable Chart

EvokAI Creative Labs Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

0.04

EvokAI Creative Labs Quarterly Data
	Dec21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Accounts Receivable	Get a 7-Day Free Trial						-	0.04	0.07	0.06	0.06

EvokAI Creative Labs Accounts Receivable Calculation

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

EvokAI Creative Labs 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.

EvokAI Creative Labs's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.064	/	0	*	91
=

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

EvokAI Creative Labs'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)
=	(0.004	+	0.75 * 0.064	+	0.5 * 0	-	1.43
-	0	-	0)	/	7.605
=	-0.18

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.

EvokAI Creative Labs Accounts Receivable Related Terms

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EvokAI Creative Labs Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » EvokAI Creative Labs Inc (TSXV:OKAI) » Definitions » Accounts Receivable

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Traded in Other Exchanges

N/A

Address

609 Granville Street, Suite 1600, PO Box 10068, Pacific Centre, Vancouver, BC, CAN, V7Y 1C3

Website

https://www.evokailabs.com

EvokAI Creative Labs Inc is a medtech artificial-intelligence-powered company. It deploys machine learning models to search medical data and uncover insights to help improve health outcomes, patient experiences, drug development, preclinical and clinical decisions, and provide more accurate diagnoses. EvokAI tailors its AI algorithms across the whole healthcare system, from hospitals, private clinics, research institutions, pharmaceutical companies, and contract research organizations to medical professionals, patients, and healthy individuals aiming at preventing and early detecting any kind of disease and beyond, protecting the aging genome.

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