Premiumome (TSX:PIC.A) Change In Receivables : C$-0.17 Mil (TTM As of Oct. 2023)

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What is Premiumome Change In Receivables?

Premiumome's change in receivables for the quarter that ended in Oct. 2023 was C$-0.46 Mil. It means Premiumome's Accounts Receivable increased by C$0.46 Mil from Apr. 2023 to Oct. 2023 .

Premiumome's change in receivables for the fiscal year that ended in Oct. 2023 was C$-0.17 Mil. It means Premiumome's Accounts Receivable increased by C$0.17 Mil from Oct. 2022 to Oct. 2023 .

Premiumome's Accounts Receivable for the quarter that ended in Oct. 2023 was C$0.00 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.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Premiumome's liquidation value for the six months ended in Oct. 2023 was C$-223.30 Mil.

Premiumome Change In Receivables Historical Data

The historical data trend for Premiumome'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.

* Premium members only.

Premiumome Change In Receivables Chart

Premiumome Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Change In Receivables

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1.66

-0.57

0.57

-0.20

-0.17

Premiumome Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Change In Receivables	Get a 7-Day Free Trial															0.09	-0.17	-0.04	0.29	-0.46

Premiumome 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 Oct. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was C$-0.17 Mil.

Premiumome (TSX:PIC.A) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	0	*	91
=

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

Premiumome's liquidation value for the quarter that ended in Oct. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	6.724	-	230.023	+	0.75 * 0	+	0.5 * 0
=	-223.30

Premiumome Change In Receivables Related Terms

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Premiumome (TSX:PIC.A) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Premium Income Corp (TSX:PIC.A) » Definitions » Change In Receivables

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PIC.PR.A.PFD:Canada

Address

121 King Street West, Suite 2600, P.O. Box 113, Standard Life Centre, Toronto, ON, CAN, M5H 3T9

Website

https://www.mulvihill.com

Premium Income Corp is a mutual fund corporation. The investment objective is to provide Preferred shareholders with cumulative preferential quarterly cash distributions to provide Class A shareholders with quarterly cash distributions and return the original issue price to holders of both Preferred shares and Class A shares upon windup of the Fund. The fund mainly invests in common shares of the Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada and The Toronto-Dominion Bank and common shares of National Bank of Canada.

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