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SureNano Sciences (XCNQ:SURE) Accounts Receivable : C$0.00 Mil (As of Mar. 2024)


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What is SureNano Sciences Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. SureNano Sciences's accounts receivables for the quarter that ended in Mar. 2024 was C$0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

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


SureNano Sciences Accounts Receivable Historical Data

The historical data trend for SureNano Sciences'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.

SureNano Sciences Accounts Receivable Chart

SureNano Sciences Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Accounts Receivable
0.04 0.02 0.02 -

SureNano Sciences Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 - - - -

SureNano Sciences Accounts Receivable Calculation

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


SureNano Sciences 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.

SureNano Sciences's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.003/0*91
=

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

SureNano Sciences's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=(0.135+0.75 * 0.003+0.5 * 0-0.173
-0-0)/21.4578
=-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.


SureNano Sciences Accounts Receivable Related Terms

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SureNano Sciences (XCNQ:SURE) Business Description

Traded in Other Exchanges
N/A
Address
1650 West 2nd Avenue, Suite 350, Vancouver, BC, CAN, V6J 1H4
SureNano Sciences Ltd y is a nanotechnology supply company with the license to sell and otherwise commercialize the SureNanoTM surfactant (the SureNano Surfactant) in Canada and Colorado. The SureNano Surfactant is a ready-to-mix food-grade compound that provides the base for high-performance nanoemulsions to create homogeneous and stable products while maximizing bioavailability, clarity, and taste.
Executives
Charles Henry Malette Director

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