Biorem (TSXV:BRM) Change In Receivables : C$-0.43 Mil (TTM As of Mar. 2024)

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What is Biorem Change In Receivables?

Biorem's change in receivables for the quarter that ended in Mar. 2024 was C$6.35 Mil. It means Biorem's Accounts Receivable declined by C$6.35 Mil from Dec. 2023 to Mar. 2024 .

Biorem's change in receivables for the fiscal year that ended in Dec. 2023 was C$-3.04 Mil. It means Biorem's Accounts Receivable increased by C$3.04 Mil from Dec. 2022 to Dec. 2023 .

Biorem's Accounts Receivable for the quarter that ended in Mar. 2024 was C$6.58 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. Biorem's Days Sales Outstanding for the three months ended in Mar. 2024 was 101.40.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Biorem's liquidation value for the three months ended in Mar. 2024 was C$-3.25 Mil.

Biorem Change In Receivables Historical Data

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

Biorem Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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6.99

-2.53

-1.72

-3.04

Biorem Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															3.74	-1.06	0.74	-6.46	6.35

Biorem 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 C$-0.43 Mil.

Biorem (TSXV:BRM) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6.576	/	5.918	*	91
=	101.40

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

Biorem'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)
=	5.902	-	14.69	+	0.75 * 6.576	+	0.5 * 1.205
=	-3.25

Biorem Change In Receivables Related Terms

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Biorem (TSXV:BRM) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Biorem Inc (TSXV:BRM) » Definitions » Change In Receivables

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BIRMF:USA

Address

7496 Wellington Road 34, RR Number 3, Puslinch, Guelph, ON, CAN, N1H 6H9

Website

https://www.biorem.biz

Biorem Inc is an environmental biotechnology company. It designs, manufactures and distributes a comprehensive line of air emissions control systems used to eliminate odours, volatile organic compounds, and hazardous air pollutants. The company's products include Biofilters, Biogas Solutions, Multi-Stage Systems, Biotrickling filters, and services such as Media Sampling and Analysis, Biological processes and testing, Media replacements and Spare parts, and other related services. The company derives revenues from the sale of standard products, construction projects for specialized products, and services for repairs and maintenance. The group has a business presence in Canada, the United States, China and others, of which key revenue is derived from the United States.

Executives

Brian Herner

Director, Senior Officer

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