Zonetail (TSXV:ZONE) Accounts Receivable : C$0.05 Mil (As of Sep. 2023)

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What is Zonetail Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Zonetail's accounts receivables for the quarter that ended in Sep. 2023 was C$0.05 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Zonetail's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 524.69.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Zonetail's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was C$-0.01.

Zonetail Accounts Receivable Historical Data

The historical data trend for Zonetail'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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Zonetail Accounts Receivable Chart

Zonetail Annual Data

Trend

Jun15

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

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0.01

0.04

0.03

Zonetail Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															0.02	0.03	0.03	0.02	0.05

Zonetail Accounts Receivable Calculation

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

Zonetail 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.

Zonetail's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.046	/	0.008	*	91
=	524.69

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

Zonetail'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)
=	(0.037	+	0.75 * 0.046	+	0.5 * 0	-	1.419
-	0	-	0)	/	232.376
=	-0.01

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.

Zonetail Accounts Receivable Related Terms

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Zonetail (TSXV:ZONE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Zonetail Inc (TSXV:ZONE) » Definitions » Accounts Receivable

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ZTLLF:USA

Address

20 Dalhousie Street, Toronto, ON, CAN, M5B 2A5

Website

https://www.zonetail.com

Zonetail Inc is a mobile platform and market network. Its mission is to provide a state-of-the-art mobile platform that enables high-rise residents to better manage their homes by connecting people to products, amenities, and services. Its Vision is to build a critical mass of users in the hard-to-reach, high-rise residential vertical, through a unique mobile market network model - providing vital information, products, and services at the tap of a screen. It is the search engine to optimizes the home. Zonetail is partnered with Yardi, Shiftsuite, and now MRI Software which together account for an estimated 50 million households across North America.

Executives

Mark William Holmes

Director, Senior Officer

Zonetail (TSXV:ZONE) Headlines

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