CleanCore Solutions (CleanCore Solutions) Accounts Receivable : $0.12 Mil (As of Dec. 2023)

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What is CleanCore Solutions Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CleanCore Solutions's accounts receivables for the quarter that ended in Dec. 2023 was $0.12 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. CleanCore Solutions's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.53.

CleanCore Solutions Accounts Receivable Historical Data

The historical data trend for CleanCore 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.

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CleanCore Solutions Accounts Receivable Chart

CleanCore Solutions Annual Data

Trend

Jun21

Jun22

Jun23

Accounts Receivable

0.15

0.30

0.23

CleanCore Solutions Quarterly Data
	Jun21	Mar22	Jun22	Oct22	Mar23	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			0.30	-	0.59	0.23	0.12

CleanCore Solutions Accounts Receivable Calculation

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

CleanCore 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.

CleanCore Solutions's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.122	/	0	*	91
=

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

CleanCore Solutions's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(0.045	+	0.75 * 0.122	+	0.5 * 0.742	-	4.745
-	0	-	0)	/	7.95594
=	-0.53

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.

CleanCore Solutions Accounts Receivable Related Terms

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CleanCore Solutions (CleanCore Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CleanCore Solutions Inc (AMEX:ZONE) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5920 South 118th Circle, Suite 2, Omaha, NE, USA, 68137

Website

https://www.cleancoresol.com

CleanCore Solutions Inc engages in the development and manufacturing of cleaning products that produce pure aqueous ozone for professional, industrial, or home use. The firm has a patented nanobubble technology using aqueous ozone that is effective in cleaning, sanitizing, and deodorizing surfaces and high-touch areas. The company offers products and solutions that are marketed for janitorial and sanitation, ice machine cleaning, laundry, and industrial industries. Its products are used in many types of environments including retail establishments, distribution centers, factories, warehouses, restaurants, schools and universities, airports, healthcare, food service, and commercial buildings such as offices, malls, and stores.

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