VSEE (VSee Health) Accounts Receivable : $0.39 Mil (As of Dec. 2022)

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What is VSee Health Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. VSee Health's accounts receivables for the quarter that ended in Dec. 2022 was $0.39 Mil.

Accounts receivable can be measured by Days Sales Outstanding. VSee Health's Days Sales Outstanding for the quarter that ended in Dec. 2022 was 11.13.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. VSee Health's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was $-0.17.

VSee Health Accounts Receivable Historical Data

The historical data trend for VSee Health'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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VSee Health Accounts Receivable Chart

VSee Health Annual Data

Trend

Dec21

Dec22

Accounts Receivable

0.29

0.39

VSee Health Semi-Annual Data
	Dec21	Dec22
Accounts Receivable	0.29	0.39

VSee Health Accounts Receivable Calculation

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

VSee Health 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.

VSee Health's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.389	/	6.378	*	91
=	11.13

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

VSee Health's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 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)
=	(0.231	+	0.75 * 0.389	+	0.5 * 0	-	2.615
-	0	-	-0.363)	/	9.998
=	-0.17

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.

VSee Health Accounts Receivable Related Terms

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VSee Health Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » VSee Health Inc (NAS:VSEE) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

3188 Kimlee Drive, Suite 100, San Jose, CA, USA, 95132

Website

https://www.vsee.com

VSee Health Inc is a telehealth software platform. VSee's telemedicine solution, offering a fast, secure text + video collaboration app HIPAA messenger, and fully customizable virtual waiting rooms and clinics, is a complete telehealth platform that fits into any workflow. The VSee proprietary technology platform and modular software solution enable users to plug and play telehealth services with end-to-end encrypted video streaming integrated with patient metrics, electronic medical records, and other sensitive data, with multiple other interactive functionalities. The company's products include VSee Clinic, VSee Messenger, VSee APIs, VSee Remote patient monitoring, VSee Telehealth Staffing.