Sterling Consolidated (Sterling Consolidated) Change In Receivables : $-1.29 Mil (TTM As of Sep. 2022)

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What is Sterling Consolidated Change In Receivables?

Sterling Consolidated's change in receivables for the quarter that ended in Sep. 2022 was $-0.35 Mil. It means Sterling Consolidated's Accounts Receivable increased by $0.35 Mil from Jun. 2022 to Sep. 2022 .

Sterling Consolidated's change in receivables for the fiscal year that ended in Dec. 2021 was $-0.30 Mil. It means Sterling Consolidated's Accounts Receivable increased by $0.30 Mil from Dec. 2020 to Dec. 2021 .

Sterling Consolidated's Accounts Receivable for the quarter that ended in Sep. 2022 was $3.13 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. Sterling Consolidated's Days Sales Outstanding for the three months ended in Sep. 2022 was 60.37.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Sterling Consolidated's liquidation value for the three months ended in Sep. 2022 was $-1.50 Mil.

Sterling Consolidated Change In Receivables Historical Data

The historical data trend for Sterling Consolidated'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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Sterling Consolidated Change In Receivables Chart

Sterling Consolidated Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Change In Receivables

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-0.20

-0.19

-0.13

0.21

-0.30

Sterling Consolidated Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Change In Receivables	Get a 7-Day Free Trial															-0.36	0.36	-0.50	-0.80	-0.35

Sterling Consolidated 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.29 Mil.

Sterling Consolidated (OTCPK:STCC) 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.

Sterling Consolidated's Days Sales Outstanding for the quarter that ended in Sep. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.128	/	4.728	*	91
=	60.37

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

Sterling Consolidated's liquidation value for the quarter that ended in Sep. 2022 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.118	-	6.012	+	0.75 * 3.128	+	0.5 * 4.09
=	-1.50

Sterling Consolidated Change In Receivables Related Terms

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Sterling Consolidated (Sterling Consolidated) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sterling Consolidated Corp (OTCPK:STCC) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

1105 Green Grove Road, Neptune, NJ, USA, 07753

Website

http://www.sterlingconsolidated.com

Sterling Consolidated Corp is engaged in the distribution and sale of O-rings used for sealing purposes. It also distributes rubber seals, oil seals, custom molded rubber parts, custom Teflon parts, Teflon rods, O-ring cord, bonded seals, O-ring kits, and stuffing box sealantsbna. These are used in different industries such as automotive, pump, transmissions, oil and energy, machinery, and packaging. It is mainly used as seals to prevent leakage of liquids or air. The company generates most of its revenues through the sale of O-rings and rubber seal products in the US.

Executives

Darren Derosa

director, 10 percent owner, officer: Chief Executive Officer

1105 GREEN GROVE ROAD, NEPTUNE NJ 07753