(Total Views: 343)
Posted On: 12/15/2018 6:29:23 PM
Post# of 40990
Bottom Line - he’s not collecting receivables - total AR is equivalent to the entire annual revenue - timing of revenue recognition has nothing to do with the balance in AR - it’s a major issue and one reason he had to use a note to get something done in Q-4. Let’s call this what it is - a PROBLEM- it equals an AR days o/s of almost 360 days - putrid - and he needs to address it - and it should be part of the update - but it won’t be guaranteed - calling them as I see them - not a bash - just realism.
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