Novus Acquisition & Development (Novus Acquisition & Development) Change In Receivables : $0.00 Mil (TTM As of Sep. 2023)

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What is Novus Acquisition & Development Change In Receivables?

Novus Acquisition & Development's change in receivables for the quarter that ended in Sep. 2023 was $0.00 Mil. It means Novus Acquisition & Development's Accounts Receivable stayed the same from Sep. 2022 to Sep. 2023 .

Novus Acquisition & Development's change in receivables for the fiscal year that ended in . 20 was $0.00 Mil. It means Novus Acquisition & Development's Accounts Receivable stayed the same from . 20 to . 20 .

Novus Acquisition & Development's Accounts Receivable for the quarter that ended in Sep. 2023 was $0.00 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. Novus Acquisition & Development's Days Sales Outstanding for the three months ended in Sep. 2023 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Novus Acquisition & Development's liquidation value for the three months ended in Sep. 2023 was $0.15 Mil.

Novus Acquisition & Development Change In Receivables Historical Data

The historical data trend for Novus Acquisition & Development'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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Novus Acquisition & Development Change In Receivables Chart

Novus Acquisition & Development Annual Data

Trend

Change In Receivables

Novus Acquisition & Development Quarterly Data
	Sep22	Sep23
Change In Receivables	-	-

Novus Acquisition & Development 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

Novus Acquisition & Development (OTCPK:NDEV) 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.

Novus Acquisition & Development's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	0.086	*	91
=	0.00

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

Novus Acquisition & Development's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.198	-	0.046	+	0.75 * 0	+	0.5 * 0
=	0.15

Novus Acquisition & Development Change In Receivables Related Terms

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Novus Acquisition & Development (Novus Acquisition & Development) Business Description

Industry

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Traded in Other Exchanges

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Address

2665 South Bayshore Drive, Suite 220, Miami, FL, USA, 33131

Website

https://www.getnovusnow.com

Novus Acquisition & Development Corp is a holding company operating through its subsidiaries. It offers health, life, and annuity insurance products and services. The company initiated its health insurance business model within the medical marijuana space, where it can render risk and non-risk insurance models. It operates throughout the United States.