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TWOH (Two Hands) Accounts Receivable : $0.09 Mil (As of Sep. 2024)


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What is Two Hands Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Two Hands's accounts receivables for the quarter that ended in Sep. 2024 was $0.09 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Two Hands's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 45.63.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Two Hands's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-0.00.


Two Hands Accounts Receivable Historical Data

The historical data trend for Two Hands'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.

* Premium members only.

Two Hands Accounts Receivable Chart

Two Hands Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.04 0.16 0.09 0.09

Two Hands Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.11 0.09 0.11 0.11 0.09

Two Hands Accounts Receivable Calculation

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


Two Hands 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.09/0.18*91
=45.63

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

Two Hands'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)
=(0.012+0.75 * 0.09+0.5 * 0.042-3.418
-0-0)/2020.41
=-0.00

* 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.


Two Hands Accounts Receivable Related Terms

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Two Hands Business Description

Traded in Other Exchanges
Address
1035 Queensway East, Mississauga, ON, CAN, L4Y 4C1
Two Hands Corporation is a custom application development company in the digital technologies sector. The company delivers diversified solutions to companies in North America. It has three business divisions namely gocart.city, Grocery Originals, and Cuore Food Services. gocart.city is the company's online delivery marketplace, allowing consumers to shop online and have their groceries delivered. Grocery Originals is the company's brick-and-mortar grocery store located in Mississauga Ontario at the site of the company's warehouse. Cuore Food Services is the company's wholesale food distribution branch.
Executives
Steven Gryfe officer: Chief Financial Officer 558 ATLAS AVENUE, TORONTO A6 M6C3R6
Ryan M. Wilson director 42 MUSCAT CRES., AJAX A6 L1Z0B9
Nadav Elituv director, 10 percent owner, officer: CEO, Pres, Sec & Treasurer 373 JOICEY BLVD., NORTH YORK A6 M5M2W2
Bradley Southam director 33-310 CHRISTOPHER DRIVE, CAMBRIDGE A6 N1P1B4
Shuttle Digital Solutions Inc 10 percent owner 250 YONGE STREET, SUITE 2201, TORONTO A6 M5B2L7