QuoteMedia (QuoteMedia) Change In Receivables : $-0.47 Mil (TTM As of Dec. 2023)

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What is QuoteMedia Change In Receivables?

QuoteMedia's change in receivables for the quarter that ended in Dec. 2023 was $-0.17 Mil. It means QuoteMedia's Accounts Receivable increased by $0.17 Mil from Sep. 2023 to Dec. 2023 .

QuoteMedia's change in receivables for the fiscal year that ended in Dec. 2023 was $-0.47 Mil. It means QuoteMedia's Accounts Receivable increased by $0.47 Mil from Dec. 2022 to Dec. 2023 .

QuoteMedia's Accounts Receivable for the quarter that ended in Dec. 2023 was $1.16 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. QuoteMedia's Days Sales Outstanding for the three months ended in Dec. 2023 was 22.51.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. QuoteMedia's liquidation value for the three months ended in Dec. 2023 was $-6.83 Mil.

QuoteMedia Change In Receivables Historical Data

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

QuoteMedia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.14

-0.02

0.07

-0.49

-0.47

QuoteMedia Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-0.39	0.06	-0.03	-0.34	-0.17

QuoteMedia 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 $-0.47 Mil.

QuoteMedia (OTCPK:QMCI) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.155	/	4.682	*	91
=	22.51

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

QuoteMedia'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)
=	0.342	-	8.036	+	0.75 * 1.155	+	0.5 * 0
=	-6.83

QuoteMedia Change In Receivables Related Terms

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QuoteMedia (QuoteMedia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » QuoteMedia Inc (OTCPK:QMCI) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

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Address

17100 East Shea Boulevard, Suite 230, Fountain Hills, AZ, USA, 85268

Website

https://www.quotemedia.com

QuoteMedia Inc is a provider of financial data, news feeds, market research information, and financial software solutions to online brokerages, clearing firms, banks, financial service companies, media portals, and public corporations. It is a single source for a wide array of market information and services, including streaming stock market data feeds, research and analysis information, content applications, portfolio management systems, software products, corporate investor relations provisioning, news services, wireless applications, and custom development. The company has three general product lines: Interactive Content and Data Applications, Data Feed Services, and Portfolio Management Systems.

Executives

David Shworan	director, officer: CEO	17100 SHEA BLVD STE 230, FOUNTAIN HILLS CA 85268
Keith J Randall	officer: CFO	11909 E BECKER LANE, SCOTTSDALE AZ 85259
Robert James Thompson	director
R Keith Guelpa	director, officer: Chief Executive Officer	17100 SHEA BLVD, SUITE 230, FOUNTAIN HILLS AZ 85268