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

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TSXV:OKAI EvokAI Creative Labs Inc TSXV:OKAI
15 GF Score
Price C$0.12
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What is EvokAI Creative Labs Accounts Receivable?

EvokAI Creative Labs TSXV:OKAI 15 Accounts Receivable is C$0.06 Mil as of Sep. 2024. GuruFocus rates TSXV:OKAI with a GF Score™ of 15/100.

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 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

* 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.

EvokAI Creative Labs Accounts Receivable Related Terms

EvokAI Creative Labs Accounts Receivable Historical Data

* Premium members only.

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.

EvokAI Creative Labs Accounts Receivable Chart

EvokAI Creative Labs Annual Data
Trend Dec21 Dec22 Dec23
Accounts Receivable
0.00 0.00 0.04

EvokAI Creative Labs Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 0.04 0.07 0.06 0.06
TSXV:OKAI
15GF Score
EvokAI Creative Labs Inc TSXV:OKAI
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
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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.

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of C$0.06 Mil mean?
EvokAI Creative Labs (TSXV:OKAI) has a Accounts Receivable of C$0.06 Mil as of Sep. 2024. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on EvokAI Creative Labs and its competitors.
Is EvokAI Creative Labs' Accounts Receivable too high?
EvokAI Creative Labs' current Accounts Receivable is C$0.06 Mil. Overall, EvokAI Creative Labs has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does EvokAI Creative Labs' Accounts Receivable compare to VEEV and GEHC?
EvokAI Creative Labs' Accounts Receivable of C$0.06 Mil can be compared against companies in the Healthcare Providers & Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Healthcare Providers & Services company?
A good Accounts Receivable depends on the Healthcare Providers & Services industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on EvokAI Creative Labs and its competitors. EvokAI Creative Labs's current Accounts Receivable is C$0.06 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EvokAI Creative Labs stock overvalued right now?
EvokAI Creative Labs (TSXV:OKAI) has a current Accounts Receivable of C$0.06 Mil. The current Accounts Receivable is C$0.06 Mil. EvokAI Creative Labs' overall GF Score™ is 15/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For EvokAI Creative Labs (TSXV:OKAI), the current Accounts Receivable is C$0.06 Mil as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

EvokAI Creative Labs Business Description

Address 609 Granville Street, Suite 1600, PO Box 10068, Pacific Centre, Vancouver, BC, CAN, V7Y 1C3
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.
15GF Score

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