Universal Security Instruments (Universal Security Instruments) Accounts Receivable : $0.65 Mil (As of Dec. 2023)

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What is Universal Security Instruments Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Universal Security Instruments's accounts receivables for the quarter that ended in Dec. 2023 was $0.65 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Universal Security Instruments's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 12.68.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Universal Security Instruments's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.22.

Universal Security Instruments Accounts Receivable Historical Data

The historical data trend for Universal Security Instruments'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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Universal Security Instruments Accounts Receivable Chart

Universal Security Instruments Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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0.37

0.11

0.65

0.99

0.42

Universal Security Instruments Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															0.59	0.42	0.91	0.82	0.65

Universal Security Instruments Accounts Receivable Calculation

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

Universal Security Instruments 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.

Universal Security Instruments's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.647	/	4.655	*	91
=	12.68

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

Universal Security Instruments's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(0.039	+	0.75 * 0.647	+	0.5 * 4.881	-	3.464
-	0	-	0)	/	2.31289
=	-0.22

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.

Universal Security Instruments Accounts Receivable Related Terms

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Universal Security Instruments (Universal Security Instruments) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Universal Security Instruments Inc (AMEX:UUU) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

11407 Cronhill Drive, Suite A, Owings Mills, MD, USA, 21117

Website

https://www.universalsecurity.com

Universal Security Instruments Inc is a U.S based manufacturer and distributor of safety and security devices in the Peoples Republic of China . The company markets a line of residential smoke and carbon monoxide alarms under the trade names UNIVERSAL and USI Electric. It also markets products to the electrical distribution trade such as electrical and lighting distributors as well as manufactured housing companies. Its product portfolio consists of smoke and fire alarms, carbon monoxide alarms, multi-gas alarms, universal smoke sensing technology, and plug-in alarms.

Executives

Bitnile Holdings, Inc.	10 percent owner	11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
North Star Investment Management Corp.	other: SEE NOTE 2 BELOW	20 N. WACKER DRIVE, SUITE # 1416, CHICAGO IL 60606
North Star Micro Cap Fund	10 percent owner	80 ARKAY DRIVE, SUITE 110, HAUPPAUGE NY 11788
Ira Bormel	director	11407 CRONHILL DRIVE, SUITE A, OWINGS MILLS MD 21117
Harvey B Grossblatt	director, officer: President, CEO	7-A GWYNNS MILL COURT, OWINGS MILLS MD 21117
Ronald A Seff	director	7-A GWYNNS MILL COURT, OWINGS MILLS MD 21117
Howard B Silverman	director	7-A GWYNNS MILL COURT, OWINGS MILLS MD 21117
Cary Luskin	director	7-A GWYNNS MILL COURT, OWINGS MILLS MD 21117
Michael L Kovens	10 percent owner	6 REGENCY CT, BALTIMORE MD 21208
James Ballard Huff	officer: Chief Financial Officer	7-A GWYNNS MILL COURT, OWINGS MILLS MD 21117
Ronald S Lazarus	10 percent owner	7-A GWYNNS MILL COURT, OWINGS MILLS MD 21117
Stephen C Knepper	director, 10 percent owner, officer: Chairman, CEO	7-A GWYNNS MILL COURT, OWINGS MILLS MD 21117