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BYT Holdings (XCNQ:BYT) Accounts Receivable : C$0.94 Mil (As of Sep. 2024)


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What is BYT Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. BYT Holdings's accounts receivables for the quarter that ended in Sep. 2024 was C$0.94 Mil.

Accounts receivable can be measured by Days Sales Outstanding. BYT Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 83.33.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. BYT Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was C$0.04.


BYT Holdings Accounts Receivable Historical Data

The historical data trend for BYT Holdings'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.

BYT Holdings Accounts Receivable Chart

BYT Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
1.59 1.10 0.96 0.58 0.81

BYT Holdings 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 1.94 0.81 0.75 0.51 0.94

BYT Holdings Accounts Receivable Calculation

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


BYT Holdings 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.937/1.026*91
=83.33

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

BYT Holdings'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)
=(2.262+0.75 * 0.937+0.5 * 0-1.807
-0--1.116)/63.039
=0.04

* 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.


BYT Holdings Accounts Receivable Related Terms

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BYT Holdings Business Description

Traded in Other Exchanges
N/A
Address
1055 West Georgia Street, 1500 Royal Centre, P.O. Box 11117, Vancouver, BC, CAN, V6E 4N7
BYT Holdings Ltd is principally engaged in the business of providing engineering and related services. The group derives its income through its engineering contracts, rendering of service, and trading of engineering spare parts to its customers mainly in Singapore and Mainland China. Geographically it generates the majority of its revenue from Singapore.

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