I-ON Digital (I-ON Digital) Accounts Receivable : $0.00 Mil (As of Sep. 2023)

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What is I-ON Digital Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. I-ON Digital's accounts receivables for the quarter that ended in Sep. 2023 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. I-ON Digital's Days Sales Outstanding for the quarter that ended in Sep. 2023 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. I-ON Digital's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-0.02.

I-ON Digital Accounts Receivable Historical Data

The historical data trend for I-ON Digital'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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I-ON Digital Accounts Receivable Chart

I-ON Digital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

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2.69

2.88

3.01

I-ON Digital Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															-	-	-	-	-

I-ON Digital Accounts Receivable Calculation

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

I-ON Digital 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.

I-ON Digital's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	0.033	*	91
=	0.00

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

I-ON Digital's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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	+	0.75 * 0	+	0.5 * 0	-	0.461
-	0.176	-	0)	/	27.4102
=	-0.02

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.

I-ON Digital Accounts Receivable Related Terms

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I-ON Digital (I-ON Digital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » I-ON Digital Corp (OTCPK:IONI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1244 North Stone Street, Unit 3, Chicago, IL, USA, 60610

Website

https://www.i-on.net

I-ON Digital Corp is a software developer and provider of enterprise-class unstructured data management and digital marketing software and solutions. It offers web content management (CMS), web experience and service delivery software, digital marketing, smart mobility, and analytics tools, and, more recently, energy management solutions. It serves products and services directly to clients in South Korea and Japan, Singapore, Malaysia, Indonesia, Thailand, Vietnam, and the United States.

Executives

Oh Jae Cheol James	director, 10 percent owner, officer: CEO/CFO	15, TEHRAN-RO 10-GIL, GANGAM-GU, SEOUL M5 06194
Mark Lamb	director	3548 SEAGATE WAY #110, OCEANSIDE CA 92056
Roy Layne Roberson	director	9241 IRVINE BOULEVARD SUITE 100, IRVINE CA 92618
Joseph Alvin Ryan	director	351 TRAILBLAZER, MISSION VIEJO CA 92692
Richard Chiang	other: Previous Officer and Director	460 BRANNAN STREET SUITE 78064, SAN FRANCISCO CA 94107
Michael J. Rapport Trust	10 percent owner	2480 RAILROAD STREET, CORONA CA 92880
Michael Rapport	director, 10 percent owner, officer: Pres, CEO, CFO & Chairman	2000 MAIN STREET, IRVINE CA 92614
Evan Rapport	director, officer: Vice President	2000 MAIN STREET, IRVINE CA 92614