WFTSF (Wavefront Technology Solutions) Accounts Receivable: $0.41 Mil (As of May. 2022)

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WFTSF Wavefront Technology Solutions Inc WFTSF
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What is Wavefront Technology Solutions Accounts Receivable?

Wavefront Technology Solutions WFTSF -99.00% 12 Accounts Receivable is $0.41 Mil as of May. 2022. GuruFocus rates WFTSF with a GF Score™ of 12/100.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Wavefront Technology Solutions's accounts receivables for the quarter that ended in May. 2022 was $0.41 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Wavefront Technology Solutions's Days Sales Outstanding for the quarter that ended in May. 2022 was 104.72.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Wavefront Technology Solutions's Net-Net Working Capital per share for the quarter that ended in May. 2022 was $-0.00.

Wavefront Technology 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.

Wavefront Technology Solutions's Days Sales Outstanding for the quarter that ended in May. 2022 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.412/0.359*91
=104.72

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

Wavefront Technology Solutions's Net-Net Working Capital Per Share for the quarter that ended in May. 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)
=(0.456+0.75 * 0.412+0.5 * 0.131-1.115
-0-0)/91.010
=-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.

Wavefront Technology Solutions Accounts Receivable Related Terms

Wavefront Technology Solutions Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Wavefront Technology 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.

Wavefront Technology Solutions Accounts Receivable Chart

Wavefront Technology Solutions Annual Data
Trend Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.89 0.54 0.45 0.58 0.15

Wavefront Technology Solutions Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
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 0.20 0.15 0.22 0.35 0.41
WFTSF
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Wavefront Technology Solutions Inc WFTSF
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Wavefront Technology 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 $0.41 Mil mean?
Wavefront Technology Solutions (WFTSF) has a Accounts Receivable of $0.41 Mil as of May. 2022. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Wavefront Technology Solutions and its competitors.
Is Wavefront Technology Solutions' Accounts Receivable too high?
Wavefront Technology Solutions' current Accounts Receivable is $0.41 Mil. Overall, Wavefront Technology Solutions has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Wavefront Technology Solutions' Accounts Receivable compare to VYEY and ENSV?
Wavefront Technology Solutions' Accounts Receivable of $0.41 Mil can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Accounts Receivable depends on the Oil & Gas 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 Wavefront Technology Solutions and its competitors. Wavefront Technology Solutions's current Accounts Receivable is $0.41 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wavefront Technology Solutions stock overvalued right now?
Wavefront Technology Solutions (WFTSF) has a current Accounts Receivable of $0.41 Mil. The current Accounts Receivable is $0.41 Mil. Wavefront Technology Solutions' overall GF Score™ is 12/100. 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 Wavefront Technology Solutions (WFTSF), the current Accounts Receivable is $0.41 Mil as of May. 2022. 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.

Wavefront Technology Solutions Business Description

Industry EnergyOil & Gas
Address 5621 70 Street NW, Edmonton, AB, CAN, T6B 3P6
Wavefront Technology Solutions Inc is a technology-based oil field service provider that offers the oil and gas industry proprietary, technology for oil and gas well stimulation and applications related to IOR/EOR recovery.
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