Eightco Holdings (Eightco Holdings) Change In Receivables : $-0.61 Mil (TTM As of Dec. 2023)

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What is Eightco Holdings Change In Receivables?

Eightco Holdings's change in receivables for the quarter that ended in Dec. 2023 was $1.52 Mil. It means Eightco Holdings's Accounts Receivable declined by $1.52 Mil from Sep. 2023 to Dec. 2023 .

Eightco Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was $-0.61 Mil. It means Eightco Holdings's Accounts Receivable increased by $0.61 Mil from Dec. 2022 to Dec. 2023 .

Eightco Holdings's Accounts Receivable for the quarter that ended in Dec. 2023 was $1.98 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. Eightco Holdings's Days Sales Outstanding for the three months ended in Dec. 2023 was 11.64.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Eightco Holdings's liquidation value for the three months ended in Dec. 2023 was $-49.99 Mil.

Eightco Holdings Change In Receivables Historical Data

The historical data trend for Eightco Holdings'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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Eightco Holdings Change In Receivables Chart

Eightco Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-0.03

-0.44

-0.61

Eightco Holdings Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial								-0.41	-1.48	0.33	-0.97	1.52

Eightco Holdings 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.61 Mil.

Eightco Holdings (NAS:OCTO) 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.

Eightco Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.981	/	15.526	*	91
=	11.64

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

Eightco Holdings's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	5.248	-	59.759	+	0.75 * 1.981	+	0.5 * 6.08
=	-49.99

Eightco Holdings Change In Receivables Related Terms

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Eightco Holdings (Eightco Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Eightco Holdings Inc (NAS:OCTO) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 9th Avenue North, Suite 220, Safety Harbor, FL, USA, 34695

Website

https://www.8co.holdings

Eightco Holdings Inc is committed to growth focused around its existing subsidiaries, Forever 8, an inventory management platform for e-commerce sellers, and Ferguson Containers, a provider of complete manufacturing and logistical solutions for product and packaging needs, through strategic management and investment. In addition, the company is actively seeking new opportunities to add to its portfolio of technology solutions focused on the e-commerce ecosystem through strategic acquisitions.

Executives

Brian Mcfadden	director, officer: President and CEO	855 BAYWAY BLVD, CLEARWATER BEACH FL 33767
Louis Foreman	director	520 ELLIOT STREET, CHARLOTTE NC 28202
Frank D Jennings	director	1739 SAILMAKER STREET, CHARLESTON SC 29492
Vroman Brett Earl James	officer: Chief Financial Officer	C/O EDISON NATION, INC., 909 NEW BRUNSWICK AVENUE, PHILLIPSBURG NJ 08865
Kevin J O'donnell	director, officer: Chairman	91 OAKLEIGH LANE, MAITLAND FL 32751
Vinco Ventures, Inc.	10 percent owner	C/O INCORP SERVICES, 3773 HOWARD HUGHES PKWY. STE 500S, LAS VEGAS NV 89169
Mary Ann Halford	director	12 BRIARBROOK DRIVE, BRIARCLIFF MANOR NY 10510