Macod my understanding is the distinction is betwe
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Posted On: 12/15/2018 3:11:21 PM
Macod my understanding is the distinction is between
the TIME when a sale is made and the TIME when
the actual delivery of product to customer is made
which only at that TIME can it be booked as revenue
on the balance sheet. We have seen in ONCI case
that TIME can range anywhere from a couple weeks
to a couple months depending on each customer.
So in ONCI case it makes sense the 1.3M revenues
booked in the QTR came from actual deliveries of past A/R
and the increase A/R of about the same 1.3M during
the QTR will be booked as revenues on the balance
sheet in the next QTR.
We also know some small % of SALES never get
delivered as they can get cancelled before delivery for
whatever customer reason thats why u wait for actual delivery
to book it as solid revenue but its a very small %
in ONCI case from my read of last
8 qtrs.
the TIME when a sale is made and the TIME when
the actual delivery of product to customer is made
which only at that TIME can it be booked as revenue
on the balance sheet. We have seen in ONCI case
that TIME can range anywhere from a couple weeks
to a couple months depending on each customer.
So in ONCI case it makes sense the 1.3M revenues
booked in the QTR came from actual deliveries of past A/R
and the increase A/R of about the same 1.3M during
the QTR will be booked as revenues on the balance
sheet in the next QTR.
We also know some small % of SALES never get
delivered as they can get cancelled before delivery for
whatever customer reason thats why u wait for actual delivery
to book it as solid revenue but its a very small %
in ONCI case from my read of last
8 qtrs.
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