SolarMax Technology (SolarMax Technology) Change In Receivables : $14.50 Mil (TTM As of Mar. 2024)

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What is SolarMax Technology Change In Receivables?

SolarMax Technology's change in receivables for the quarter that ended in Mar. 2024 was $0.94 Mil. It means SolarMax Technology's Accounts Receivable declined by $0.94 Mil from Dec. 2023 to Mar. 2024 .

SolarMax Technology's change in receivables for the fiscal year that ended in Dec. 2023 was $8.51 Mil. It means SolarMax Technology's Accounts Receivable declined by $8.51 Mil from Dec. 2022 to Dec. 2023 .

SolarMax Technology's Accounts Receivable for the quarter that ended in Mar. 2024 was $3.98 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. SolarMax Technology's Days Sales Outstanding for the three months ended in Mar. 2024 was 63.01.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. SolarMax Technology's liquidation value for the three months ended in Mar. 2024 was $-39.74 Mil.

SolarMax Technology Change In Receivables Historical Data

The historical data trend for SolarMax Technology'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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SolarMax Technology Change In Receivables Chart

SolarMax Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-33.45

-21.49

16.01

4.02

8.51

SolarMax Technology Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-5.06	-1.32	4.86	10.02	0.94

SolarMax Technology 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 $14.50 Mil.

SolarMax Technology (NAS:SMXT) 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.

SolarMax Technology's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.98	/	5.764	*	91
=	63.01

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

SolarMax Technology'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)
=	11.93	-	55.277	+	0.75 * 3.98	+	0.5 * 1.248
=	-39.74

SolarMax Technology Change In Receivables Related Terms

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SolarMax Technology (SolarMax Technology) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SolarMax Technology Inc (NAS:SMXT) » Definitions » Change In Receivables

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6W1:Germany

Address

3080 12th Street, Riverside, CA, USA, 92507

Website

http://www.solarmaxtech.com

SolarMax Technology Inc is an integrated solar and renewable energy company. It operates in two segments namely the United States and China. The United States business includes the sale and installation of photovoltaic and battery backup systems. China operations consist of operating and maintaining solar farm projects and identifying and procuring solar farm projects for resale to third parties. Some of its products are LG Solar Panels, QCELL Solar Panels, Panasonic Solar Panels, and others. The company generates a majority of its revenue from the Solar energy systems.

SolarMax Technology (SolarMax Technology) Headlines

From GuruFocus

SolarMax Technology, Inc. Announces Pricing of Initial Public Offering and listing on Nasdaq

By PRNewswire • 02-27-2024