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Saturday, June 15, 2019 8:01:35 AM
AR = future payments made to ONCI
Increase in AR means we are CURRENTLY shipping new orders, and lots of them.
Let's say I'm a small business selling other small businesses. I sell on average 100k a month of product with NET 90 terms.
I will ship 300k and have A/R for the first three months of 300k with ZERO REVS.
By the fourth month, my revs are 300k but AR continues to grow because my business is growing. As I ship more product every month, my AR grows.
Now let's say I sell Wal Mart for the first time and ship them 1000K
Now my AR is 1300k with 300k in revs.
ONCI just shipped their large client in April--these will show as AR but not as REVS until we get paid.
Q3 will show a significant increase in revs because the AR is higher in Q2.
GLTU
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