Meta Materials (Meta Materials) Accounts Receivable : $2.05 Mil (As of Mar. 2024)

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What is Meta Materials Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Meta Materials's accounts receivables for the quarter that ended in Mar. 2024 was $2.05 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Meta Materials's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 57.11.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Meta Materials's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-2.99.

Meta Materials Accounts Receivable Historical Data

The historical data trend for Meta Materials'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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Meta Materials Accounts Receivable Chart

Meta Materials Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

0.02

1.67

0.90

0.94

Meta Materials Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial												0.84	1.25	1.69	0.94	2.05

Meta Materials Accounts Receivable Calculation

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

Meta Materials 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.048	/	3.272	*	91
=	57.11

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

Meta Materials'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)
=	(6.396	+	0.75 * 2.048	+	0.5 * 0.124	-	28.026
-	0	-	0)	/	6.69464
=	-2.99

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.

Meta Materials Accounts Receivable Related Terms

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Meta Materials (Meta Materials) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Meta Materials Inc (NAS:MMAT) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

MMAT:Germany

Address

60 Highfield Park Drive, Dartmouth, NS, CAN, B3A 4R9

Website

https://www.metamaterial.com

Meta Materials Inc delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. Its extensive technology platform enables global brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. Its products include NANOWEB, which is a transparent conductive film; holoOPTIX; ARfusion; metaAIR; and glucoWISE.

Executives

Jennifer K. Cheraso	officer: Chief Human Resources Officer	C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
James Macmillan Fusaro	director, officer: Chief Executive Officer	1900 S. PRICE ROAD, CHANDLER AZ 85248
Philippe Morali	director	400 N. MCCARTHY BLVD., MILPITAS CA 94089
Georgios Palikaras	director, 10 percent owner, officer: See Remarks	C/O META MATERIALS INC., 1 RESEARCH DRIVE, DARTMOUTH A5 BY2 4M9
David Daniel Eaton	officer: Chief Legal Officer	1706 PASEO DE PERALTA, SANTA FE NM 87501
Uzi Sasson	officer: See Remarks	2041 LANDINGS DRIVE, MOUNTAIN VIEW CA 94043
Vyomesh Joshi	director	17343 VIA DEL CAMPO, SAN DIEGO CA 92127
Eugenia Corrales	director	C/O SHORETEL, INC., 960 STEWART DRIVE, SUNNYVALE CA 94085
Jonathan Waldern	officer: Chief Technical Officer	C/O META MATERIALS INC., 1 RESEARCH DRIVE, DARTMOUTH A5 B2Y 4M9
Rice Kenneth L Jr	officer: See Remarks	C/O 85 MAIN STREET, HOPKINTON MA 01748
Thomas Gordon Welch	10 percent owner	47 PLEASANT STREET, PO BOX 40, CHESTER A5 B0J 1J0
John R Harding	director	C/O MARIMBA INC, 440 CLYDE AVENUE, MOUNTAINVIEW CA 94043
Steen Karsbo	director	C/O META MATERIALS INC., 1 RESEARCH DRIVE, DARTMOUTH A5 B2Y 4M9
Michael James Graves	director	5700 PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Anne Barber Lambert	10 percent owner	47 PLEASANT STREET, PO BOX 40, CHESTER A5 B0J 1J0