Novation (Novation) Change In Receivables : $2.37 Mil (TTM As of Sep. 2021)

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What is Novation Change In Receivables?

Novation's change in receivables for the quarter that ended in Sep. 2021 was $1.51 Mil. It means Novation's Accounts Receivable declined by $1.51 Mil from Jun. 2021 to Sep. 2021 .

Novation's change in receivables for the fiscal year that ended in Dec. 2020 was $1.58 Mil. It means Novation's Accounts Receivable declined by $1.58 Mil from Dec. 2019 to Dec. 2020 .

Novation's Accounts Receivable for the quarter that ended in Sep. 2021 was $2.31 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. Novation's Days Sales Outstanding for the three months ended in Sep. 2021 was 21.22.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Novation's liquidation value for the three months ended in Sep. 2021 was $-91.36 Mil.

Novation Change In Receivables Historical Data

The historical data trend for Novation'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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Novation Change In Receivables Chart

Novation Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Change In Receivables

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-0.46

1.80

-0.46

1.58

Novation Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Change In Receivables	Get a 7-Day Free Trial															-0.15	0.89	-0.04	0.01	1.51

Novation 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.37 Mil.

Novation (OTCPK:NOVCQ) 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.

Novation's Days Sales Outstanding for the quarter that ended in Sep. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.312	/	9.943	*	91
=	21.22

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

Novation's liquidation value for the quarter that ended in Sep. 2021 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.543	-	94.638	+	0.75 * 2.312	+	0.5 * 0
=	-91.36

Novation Change In Receivables Related Terms

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Novation (Novation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Novation Companies Inc (OTCPK:NOVCQ) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

9229 Ward Parkway, Suite 340, Kansas City, MO, USA, 64114

Website

http://novationcompanies.com

Novation Companies Inc provides outsourced health care staffing and related services in the State of Georgia. Services are performed by medical staff on-site at the company's clients' facilities.

Executives

Lee D Keddie	director	1110 W. LAKE COOK ROAD SUITE 220 BUFFALO GROVE IL 60089
David William Pointer	director, officer: Chief Executive Officer	PO BOX 402, NEWMAN LAKE WA 99025
Howard Amster	director	23811 CHAGRIN BLVD # 200, BEACHWOOD OH 44122-5525
Barry Igdaloff	director
Howard Timothy Eriksen	director	567 WILDROSE CIRCLE, LYNDEN WA 98264
Jeffrey E. Eberwein	director, officer: Executive Chairman	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Charles M Gillman	director	1223 WILSHIRE BOULEVARD, OFFICE 648, SANTA MONICA CA 90402
Robert G. Pearse	director	100 CANAL POINTE BLVD., SUITE 108, PRINCETON NJ 08540
Carolyn K. Campbell	officer: Chief Financial Officer	C/O NOVATION COMPANIES, INC. 500 GRAND BOULEVARD, SUITE 201B KANSAS CITY MO 64106
Richard Rector	other: See Remarks	C/O NOVATION COMPANIES, INC. 500 GRAND BOULEVARD, SUITE 201B KANSAS CITY MO 64106
W Lance Anderson	officer: President and COO	2114 CENTRAL ST STE 600 KANSAS CITY MO 64108
Gregory T Barmore	director	C/O NOVASTAR FINANCIAL INC, 8140 WARD PARKWAY, STE 300, KANSAS CITY MO 64114
Steve M Haslam	officer: Chief Operating Officer	2114 CENTRAL STREET SUITE 600 KANSAS CITY MO 64108
Edward W Mehrer	director	C/O NOVASTAR FINANCIAL INC 8140 WARD PARKWAY, STE 300 KANSAS CITY MO 64114
Art N Burtscher	director	C/O NOVASTAR FINANCIAL INC 8140 WARD PARKWAY, STE 300 KANSAS CITY MO 64114

Novation (Novation) Headlines

From GuruFocus

Novation Companies Announces Date of 2018 Annual Meeting of Shareholders

By PRNewswire PRNewswire • 08-02-2018