Midwest Energy Emissions (TSXV:MEEC) Change In Receivables : C$-1.28 Mil (TTM As of Mar. 2024)

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What is Midwest Energy Emissions Change In Receivables?

Midwest Energy Emissions's change in receivables for the quarter that ended in Mar. 2024 was C$0.77 Mil. It means Midwest Energy Emissions's Accounts Receivable declined by C$0.77 Mil from Dec. 2023 to Mar. 2024 .

Midwest Energy Emissions's change in receivables for the fiscal year that ended in Dec. 2023 was C$0.73 Mil. It means Midwest Energy Emissions's Accounts Receivable declined by C$0.73 Mil from Dec. 2022 to Dec. 2023 .

Midwest Energy Emissions's Accounts Receivable for the quarter that ended in Mar. 2024 was C$2.26 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. Midwest Energy Emissions's Days Sales Outstanding for the three months ended in Mar. 2024 was 42.79.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Midwest Energy Emissions's liquidation value for the three months ended in Mar. 2024 was C$5.36 Mil.

Midwest Energy Emissions Change In Receivables Historical Data

The historical data trend for Midwest Energy Emissions'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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Midwest Energy Emissions Change In Receivables Chart

Midwest Energy Emissions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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0.55

0.14

0.13

-2.40

0.73

Midwest Energy Emissions 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															2.85	-1.79	-0.69	0.42	0.77

Midwest Energy Emissions 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$-1.28 Mil.

Midwest Energy Emissions (TSXV:MEEC) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.258	/	4.815	*	91
=	42.79

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

Midwest Energy Emissions'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)
=	15.145	-	11.95	+	0.75 * 2.258	+	0.5 * 0.945
=	5.36

Midwest Energy Emissions Change In Receivables Related Terms

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Midwest Energy Emissions (TSXV:MEEC) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Midwest Energy Emissions Corp (TSXV:MEEC) » Definitions » Change In Receivables

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MEEC:USA

Address

1810 Jester Drive, Corsicana, TX, USA, 75109

Website

https://www.me2cenvironmental.com

Midwest Energy Emissions Corp. is an environmental services company. The company specializes in mercury emission control technologies, primarily for utility and industrial coal-fired units. It aims to deliver cost-effective mercury capture technologies to coal-fired power plants in the United States, Europe, and Asia. The group develops and deploys technologies to remove mercury emissions from coal-fired power plants. The company's products include Oxidizers, sorbents, and Scrubber Additive SA2. Geographically, all the activities function through the region of the United States and it achieves revenues from product sales, equipment sales, and demonstration and consulting services.