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Unisync (TSX:UNI) Accounts Receivable : C$15.01 Mil (As of Mar. 2024)


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What is Unisync Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Unisync's accounts receivables for the quarter that ended in Mar. 2024 was C$15.01 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Unisync's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 53.33.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Unisync's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was C$-2.46.


Unisync Accounts Receivable Historical Data

The historical data trend for Unisync'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.

* Premium members only.

Unisync Accounts Receivable Chart

Unisync Annual Data
Trend Nov13 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.24 8.66 11.73 13.27 13.05

Unisync 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 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 16.10 13.88 13.05 13.93 15.01

Unisync Accounts Receivable Calculation

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


Unisync 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=15.011/25.683*91
=53.33

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

Unisync'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)
=(0.313+0.75 * 15.011+0.5 * 46.587-81.67
-0--0.064)/19.0122
=-2.46

* 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.


Unisync Accounts Receivable Related Terms

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Unisync (TSX:UNI) Business Description

Traded in Other Exchanges
N/A
Address
885 West Georgia Street, Suite 1328, Vancouver, BC, CAN, V6C 3E8
Unisync Corp is a vertically integrated North American company involved in garment design, domestic and offshore manufacturing, warehousing, and distribution. It operates in two main business segments. The Peerless segment manufactures harsh weather outerwear for the Canadian military and other government agencies. The UGL segment is involved in the design, manufacture, and distribution of direct sale uniforms, workwear, image apparel, and related solutions. It operates distribution centers in Guelph and Carleton Place, Ontario, Vancouver, British Columbia, Saint-Laurent, Quebec, Farmingdale, New Jersey and Henderson, Nevada.
Executives
Renting Gu Director

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