Vita Mobile Systems (Vita Mobile Systems) Accounts Receivable : $0.00 Mil (As of . 20)

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What is Vita Mobile Systems Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Vita Mobile Systems's accounts receivables for the quarter that ended in . 20 was $0.00 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. Vita Mobile Systems's Net-Net Working Capital per share for the quarter that ended in . 20 was $N/A.

Vita Mobile Systems Accounts Receivable Historical Data

The historical data trend for Vita Mobile Systems'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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Vita Mobile Systems Accounts Receivable Chart

Vita Mobile Systems Annual Data

Trend

Accounts Receivable

Vita Mobile Systems Quarterly Data

Accounts Receivable

Vita Mobile Systems Accounts Receivable Calculation

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

Vita Mobile Systems 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.

Vita Mobile Systems's Days Sales Outstanding for the quarter that ended in . 20 is calculated as:

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

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

Vita Mobile Systems's Net-Net Working Capital Per Share for the quarter that ended in . 20 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)
=	(	+	0.75 *	+	0.5 *	-	N/A
-		-	)	/	0
=	N/A

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.

Vita Mobile Systems Accounts Receivable Related Terms

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Vita Mobile Systems (Vita Mobile Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Vita Mobile Systems Inc (OTCPK:VMSI) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

2640 Main Street, Irvine, CA, USA, 92614

Website

https://www.vitamobilesystems.com

Vita Mobile Systems Inc is an internet technology and marketing company. It focuses on digital imaging and technology in mobile devices. The company's application VITA is for iOS and Android smart mobile devices that will illustrate locations and current events. The application introduced the use of a camera and reorganizes the process for posting pictures and videos.

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