ICZOOM Group (ICZOOM Group) Change In Receivables : $-3.7 Mil (TTM As of Jun. 2023)

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What is ICZOOM Group Change In Receivables?

ICZOOM Group's change in receivables for the quarter that ended in Jun. 2023 was $4.7 Mil. It means ICZOOM Group's Accounts Receivable declined by $4.7 Mil from Dec. 2022 to Jun. 2023 .

ICZOOM Group's change in receivables for the fiscal year that ended in Jun. 2023 was $-3.7 Mil. It means ICZOOM Group's Accounts Receivable increased by $3.7 Mil from Jun. 2022 to Jun. 2023 .

ICZOOM Group's Accounts Receivable for the quarter that ended in Jun. 2023 was $76.7 Mil.

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 Receivable are being managed. ICZOOM Group's Days Sales Outstanding for the six months ended in Jun. 2023 was 148.58.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. ICZOOM Group's liquidation value for the six months ended in Jun. 2023 was $-13.6 Mil.

ICZOOM Group Change In Receivables Historical Data

The historical data trend for ICZOOM Group's Change In Receivables 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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ICZOOM Group Change In Receivables Chart

ICZOOM Group Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Change In Receivables

-14.22

-19.39

-18.72

-9.21

-3.69

ICZOOM Group Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Change In Receivables	Get a 7-Day Free Trial				-10.57	2.39	-11.60	-8.38	4.69

ICZOOM Group Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-3.7 Mil.

ICZOOM Group (NAS:IZM) Change In Receivables 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 Receivable are being managed.

ICZOOM Group's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	76.69	/	94.198	*	91
=	148.58

2. In Ben Graham's calculation of liquidation value, ICZOOM Group's accounts receivable are only considered to be worth 75% of book value:

ICZOOM Group's liquidation value for the quarter that ended in Jun. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.11	-	72.632	+	0.75 * 76.69	+	0.5 * 0.834
=	-13.6

ICZOOM Group Change In Receivables Related Terms

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ICZOOM Group (ICZOOM Group) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7018 Cai Tian Road, Room 3801, Building A, Sunhope e·METRO, Futian District, Guangdong, Shenzhen, CHN, 518000

Website

http://www.iczoomex.com

ICZOOM Group Inc is engaged in the sale of electronic component products to customers in China. These products are used by small and medium-sized enterprises (SMEs) in the consumer electronic industry, Internet of Things (IoT), automotive electronics, and industrial control segment. In addition to the sales of electronic component products, also provides services to customers such as temporary warehousing, logistic and shipping, and customs clearance and charges them additional service commission fees. The company earns maximum revenue from sale of electronic components.