CTT Systems AB (CHIX:CTTS) Change In Receivables : kr35.8 Mil (TTM As of Mar. 2024)

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What is CTT Systems AB Change In Receivables?

CTT Systems AB's change in receivables for the quarter that ended in Mar. 2024 was kr-9.5 Mil. It means CTT Systems AB's Accounts Receivable increased by kr9.5 Mil from Dec. 2023 to Mar. 2024 .

CTT Systems AB's change in receivables for the fiscal year that ended in Dec. 2023 was kr17.6 Mil. It means CTT Systems AB's Accounts Receivable declined by kr17.6 Mil from Dec. 2022 to Dec. 2023 .

CTT Systems AB's Accounts Receivable for the quarter that ended in Mar. 2024 was kr67.6 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. CTT Systems AB's Days Sales Outstanding for the three months ended in Mar. 2024 was 78.88.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. CTT Systems AB's liquidation value for the three months ended in Mar. 2024 was kr143.0 Mil.

CTT Systems AB Change In Receivables Historical Data

The historical data trend for CTT Systems AB'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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CTT Systems AB Change In Receivables Chart

CTT Systems AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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6.60

23.50

6.20

-17.30

17.60

CTT Systems AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-27.70	44.20	-0.10	1.20	-9.50

CTT Systems AB 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr35.8 Mil.

CTT Systems AB (CHIX:CTTs) 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.

CTT Systems AB's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	67.6	/	78.2	*	91
=	78.88

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

CTT Systems AB's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	143.1	-	106.3	+	0.75 * 67.6	+	0.5 * 110.9
=	143.0

CTT Systems AB Change In Receivables Related Terms

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CTT Systems AB (CHIX:CTTS) Business Description

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CTT:Sweden

Address

Brukslagarvagen 5, Box 1042, Nykoping, SWE, 61129

Website

https://www.ctt.se

CTT Systems AB manufacturer and provider of humidity control systems for aircraft. The company offers a Zonal Drying system that prevents condensation within an aircraft during humidification. The company's product line includes various humidifiers. It sells its products to aircraft manufacturers and transportation companies. The group's products, Zonal Drying System and Cair create conditions facilitating improved profitability and flight safety as well as considerably enhanced comfort for passengers and cabin personnel. It supplies these systems to aircraft manufacturers for installation during the production of new aircraft and to airlines for existing aircraft fleets. Geographically company generates the majority of its revenue from Denmark.

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