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NetCents Technology (XCNQ:NC) Accounts Receivable : C$0.00 Mil (As of Jul. 2020)


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What is NetCents Technology Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. NetCents Technology's accounts receivables for the quarter that ended in Jul. 2020 was C$0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. NetCents Technology's Days Sales Outstanding for the quarter that ended in Jul. 2020 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. NetCents Technology's Net-Net Working Capital per share for the quarter that ended in Jul. 2020 was C$-0.06.


NetCents Technology Accounts Receivable Historical Data

The historical data trend for NetCents Technology'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.

NetCents Technology Accounts Receivable Chart

NetCents Technology Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19
Accounts Receivable
- - - - -

NetCents Technology Quarterly Data
Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20
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NetCents Technology Accounts Receivable Calculation

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


NetCents Technology 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.

NetCents Technology's Days Sales Outstanding for the quarter that ended in Jul. 2020 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/0.07*91
=0.00

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

NetCents Technology's Net-Net Working Capital Per Share for the quarter that ended in Jul. 2020 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)
=(2.63+0.75 * 0+0.5 * 0-7.301
-0-0)/80.9699
=-0.06

* 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.


NetCents Technology Accounts Receivable Related Terms

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NetCents Technology (XCNQ:NC) Business Description

Traded in Other Exchanges
N/A
Address
350-375 Water Street, Vancouver, BC, CAN, V6B 5C6
NetCents Technology Inc is engaged in software development for the payment processing industry. It helps in KYC, AML, IP Verification, eWallets, Merchant Gateway, Blockchain and Cryptocurrency Technology, Risk and Fraud Reduction, and Instant Settlements.