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Star Navigation Systems Group (XCNQ:SNA) Accounts Receivable : C$0.03 Mil (As of Sep. 2024)


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What is Star Navigation Systems Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Star Navigation Systems Group's accounts receivables for the quarter that ended in Sep. 2024 was C$0.03 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Star Navigation Systems Group's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 517.08.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Star Navigation Systems Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was C$-0.00.


Star Navigation Systems Group Accounts Receivable Historical Data

The historical data trend for Star Navigation Systems Group'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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Star Navigation Systems Group Accounts Receivable Chart

Star Navigation Systems Group Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 0.02 0.03 0.06 0.08

Star Navigation Systems Group 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 0.05 0.06 0.06 0.08 0.03

Star Navigation Systems Group Accounts Receivable Calculation

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


Star Navigation Systems Group 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.

Star Navigation Systems Group's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.034/0.006*91
=517.08

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

Star Navigation Systems Group'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)
=(0.001+0.75 * 0.034+0.5 * 0-3.891
-0-0)/1224.44
=-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.


Star Navigation Systems Group Accounts Receivable Related Terms

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Star Navigation Systems Group Business Description

Traded in Other Exchanges
Address
11 Kenview Boulevard, Brampton, ON, CAN, L6T 5G5
Star Navigation Systems Group Ltd is focused on providing Aerospace Solutions. It is centred on devoting all its activity to the development, marketing and promotion of an in-flight Safety Monitoring System (STAR-ISMS), whereby data from an aircraft can be transmitted to ground stations for the duration of a flight. The services provided by the company include consultation, monitoring, maintenance, training and customer service. The group operates and generates revenue in Canada.
Executives
Darrin Thomas Milne Director
Anoop Brar Senior Officer
Gurdip Panaich Director
Amir Bhatti Senior Officer
Randolph Brian Koroll Senior Officer
Jean-louis Larmor Senior Officer
Karl Albert Reichert Director