Neonode (Neonode) Accounts Receivable : $1.07 Mil (As of Mar. 2024)

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What is Neonode Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Neonode's accounts receivables for the quarter that ended in Mar. 2024 was $1.07 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Neonode's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 96.47.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Neonode's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $0.88.

Neonode Accounts Receivable Historical Data

The historical data trend for Neonode'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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Neonode Accounts Receivable Chart

Neonode Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1.32

1.74

1.29

1.45

0.92

Neonode Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															1.94	1.30	0.93	0.92	1.07

Neonode Accounts Receivable Calculation

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

Neonode 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.072	/	1.014	*	91
=	96.47

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

Neonode'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)
=	(14.274	+	0.75 * 1.072	+	0.5 * 0.487	-	1.874
-	0	-	0)	/	15.3595
=	0.88

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.

Neonode Accounts Receivable Related Terms

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Neonode (Neonode) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Neonode Inc (NAS:NEON) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Karlavagen 100, Stockholm, SWE, 115 26

Website

https://www.neonode.com

Neonode Inc provides optical sensing solutions for contactless touch, touch, and gesture sensing and also provides software solutions for machine perception that feature machine learning algorithms to detect and track persons and objects in video streams from cameras and other types of imagers. It markets and sells its solutions to customers in many different markets and segments including, but not limited to, office equipment, automotive, industrial automation, medical, military, and avionics. The company's business areas are Human-Machine Interaction Solutions, Human-Machine Interaction Products, and Remote Sensing Solutions.

Executives

Cecilia Edstrom	director	KARLAVAGEN 100, STOCKHOLM V7 115 26
Fredrik Nihlen	officer: Chief Financial Officer	C/O NEONODE, INC.,. 100 KARLAVAGEN, STOCKHOLM V7 115 26
Urban Forssell	officer: Chief Executive Officer	C/O NEONODE, STORGATAN 23C, STOCKHOLM V7 11455
Mattias Bergman	director	C/O NEONODE, INC., STORGATAN 23C, STOCKHOLM V7 114 55
Ek Maria Anne-lee Charlotte	officer: Chief Financial Officer	C/O NEONODE, INC., STORGATAN 23C, STOCKHOLM V7 114 55
Ulf Rosberg	director	FAFNERVAEGEN 2, DJURSHOLM V7 18266
Hakan Persson	officer: Chief Executive Officer	C/O NEONODE INC., STORGATAN 23C, STOCKHOLM V7 114 55
Andreas Bunge	director	DRAGARSTIGEN 3, SALTSJOBADEN V7 133 36
Peter Lindell	10 percent owner	LILLA ERSTAGATAN 6, STOCKHOLM V7 116 28
Lars, Goran Lindqvist	director	ZUGERSTRASSE 20, UNTERAEGERI V8 6314
Asa Hedin	director	MORABERGSVAGEN 27, SALTSJOBADEN V7 133 33
Per Eriksson	director	VILDVINSVAGEN 5, SALTSJOBADEN V7 S-133 36
Bjorn Thomas Eriksson	officer: Vice President	STORANGSSTIGEN 15 C, STOCKSUND V7 18274
Mats Dahlin	director	LORETOHOHE 1, ZUG V8 6300
Bystedt Per Ivar Gosta	director	DJURGARDSVAGEN 144, STOCKHOLM V7 SE 115 21