ZPAS (Zoompass Holdings) Accounts Receivable: $0.47 Mil (As of Dec. 2020)


What is Zoompass Holdings Accounts Receivable?

Zoompass Holdings ZPAS Accounts Receivable is $0.47 Mil as of Dec. 2020.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Zoompass Holdings's accounts receivables for the quarter that ended in Dec. 2020 was $0.47 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Zoompass Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2020 was 373.80.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Zoompass Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2020 was $-0.03.

Zoompass 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.

Zoompass Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2020 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.467/0.114*91
=373.80

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

Zoompass Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=(0.064+0.75 * 0.467+0.5 * 0-3.411
-0-0.001)/104.009
=-0.03

* 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.

Zoompass Holdings Accounts Receivable Related Terms

Zoompass Holdings Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Zoompass 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.

Zoompass Holdings Accounts Receivable Chart

Zoompass Holdings Annual Data
Trend Mar15 Mar16 Dec17 Dec18 Dec19 Dec20
Accounts Receivable
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.47

Zoompass Holdings Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
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 0.00 0.00 0.19 0.65 0.47

Zoompass Holdings Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of $0.47 Mil mean?
Zoompass Holdings (ZPAS) has a Accounts Receivable of $0.47 Mil as of Dec. 2020. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Zoompass Holdings and its competitors.
Is Zoompass Holdings' Accounts Receivable too high?
Zoompass Holdings' current Accounts Receivable is $0.47 Mil.
How does Zoompass Holdings' Accounts Receivable compare to GVP and BSQR?
Zoompass Holdings' Accounts Receivable of $0.47 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Software company?
A good Accounts Receivable depends on the Software industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Zoompass Holdings and its competitors. Zoompass Holdings's current Accounts Receivable is $0.47 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zoompass Holdings stock overvalued right now?
Zoompass Holdings (ZPAS) has a current Accounts Receivable of $0.47 Mil. The current Accounts Receivable is $0.47 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Zoompass Holdings (ZPAS), the current Accounts Receivable is $0.47 Mil as of Dec. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Zoompass Holdings Business Description

Address 2455 Cawthra Road, Suite 75, Mississauga, ON, CAN, L5A3P1
Zoompass Holdings Inc is a Fintech company that develops and acquires software platforms and services. The firm offers Prepaid cards, Mobility solutions, cryptocurrency platform operations, research, development, strategical planning solutions and others. The business operating segment includes the rendering of professional services. Main Business assets consist of technology IP related to cryptocurrency exchange/wallet, certain strategic partnerships and customer contracts. Substantial revenue accrues from time basis billing for IT professional services to customers.