UTRK (Universal Tracking Solutions) Accounts Receivable: $0.15 Mil (As of Dec. 2011)

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What is Universal Tracking Solutions Accounts Receivable?

Universal Tracking Solutions UTRK Accounts Receivable is $0.15 Mil as of Dec. 2011.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Universal Tracking Solutions's accounts receivables for the quarter that ended in Dec. 2011 was $0.15 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Universal Tracking Solutions's Days Sales Outstanding for the quarter that ended in Dec. 2011 was 79.44.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Universal Tracking Solutions's Net-Net Working Capital per share for the quarter that ended in Dec. 2011 was $-0.00.

Universal Tracking Solutions 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.

Universal Tracking Solutions's Days Sales Outstanding for the quarter that ended in Dec. 2011 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.148/0.17*91
=79.44

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

Universal Tracking Solutions's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2011 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)
=(0.024+0.75 * 0.148+0.5 * 0.004-0.217
-0-0)/22.124
=-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.

Universal Tracking Solutions Accounts Receivable Related Terms

Universal Tracking Solutions Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Universal Tracking Solutions'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.

Universal Tracking Solutions Accounts Receivable Chart

Universal Tracking Solutions Annual Data
Trend Dec05 Dec06 Dec07 Dec09 Dec10 Dec11
Accounts Receivable
Get a 7-Day Free Trial 0.00 0.00 0.06 0.07 0.15

Universal Tracking Solutions Quarterly Data
Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11
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 0.07 0.05 0.11 0.12 0.15

Universal Tracking Solutions 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 $0.15 Mil mean?
Universal Tracking Solutions (UTRK) has a Accounts Receivable of $0.15 Mil as of Dec. 2011. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Universal Tracking Solutions and its competitors.
Is Universal Tracking Solutions' Accounts Receivable too high?
Universal Tracking Solutions' current Accounts Receivable is $0.15 Mil.
How does Universal Tracking Solutions' Accounts Receivable compare to TRKK and GTXO?
Universal Tracking Solutions' Accounts Receivable of $0.15 Mil can be compared against companies in the Hardware 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 Hardware company?
A good Accounts Receivable depends on the Hardware 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 Universal Tracking Solutions and its competitors. Universal Tracking Solutions's current Accounts Receivable is $0.15 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Universal Tracking Solutions stock overvalued right now?
Universal Tracking Solutions (UTRK) has a current Accounts Receivable of $0.15 Mil. The current Accounts Receivable is $0.15 Mil. 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 Universal Tracking Solutions (UTRK), the current Accounts Receivable is $0.15 Mil as of Dec. 2011. 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.

Universal Tracking Solutions Business Description

Address 1602 N. 21st Street, Tampa, FL, USA, 33605
Universal Tracking Solutions Inc is an application-based solutions provider of telemetry tracking systems. The company specializes in fleet management, law enforcement, and finance applications as well as the motorcycle and auto industries.