Thermal Energy International (TSXV:TMG) Change In Receivables : C$-1.21 Mil (TTM As of Feb. 2024)

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What is Thermal Energy International Change In Receivables?

Thermal Energy International's change in receivables for the quarter that ended in Feb. 2024 was C$1.28 Mil. It means Thermal Energy International's Accounts Receivable declined by C$1.28 Mil from Nov. 2023 to Feb. 2024 .

Thermal Energy International's change in receivables for the fiscal year that ended in May. 2023 was C$-3.33 Mil. It means Thermal Energy International's Accounts Receivable increased by C$3.33 Mil from May. 2022 to May. 2023 .

Thermal Energy International's Accounts Receivable for the quarter that ended in Feb. 2024 was C$3.51 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. Thermal Energy International's Days Sales Outstanding for the three months ended in Feb. 2024 was 52.75.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Thermal Energy International's liquidation value for the three months ended in Feb. 2024 was C$-2.97 Mil.

Thermal Energy International Change In Receivables Historical Data

The historical data trend for Thermal Energy International'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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Thermal Energy International Change In Receivables Chart

Thermal Energy International Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Change In Receivables

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0.20

0.86

-0.98

0.06

-3.33

Thermal Energy International Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Receivables	Get a 7-Day Free Trial															-0.36	-2.51	2.41	-2.40	1.28

Thermal Energy International 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-1.21 Mil.

Thermal Energy International (TSXV:TMG) 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.

Thermal Energy International's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.505	/	6.063	*	91
=	52.75

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

Thermal Energy International's liquidation value for the quarter that ended in Feb. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	7.536	-	14.037	+	0.75 * 3.505	+	0.5 * 1.808
=	-2.97

Thermal Energy International Change In Receivables Related Terms

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Thermal Energy International (TSXV:TMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Thermal Energy International Inc (TSXV:TMG) » Definitions » Change In Receivables

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TMGEF:USA EUW:Germany

Address

36 Antares Drive, Suite 850, Ottawa, ON, CAN, K2E 7W5

Website

https://www.thermalenergy.com

Thermal Energy International Inc is a supplier of proprietary, energy efficiency and emissions reduction solutions to the industrial and institutional sectors. It markets, sells, engineers, fabricates, constructs, installs and supports technology lines - heat recovery solutions and condensate return system solutions. The product portfolio consists of GEM steam traps, FLU-ACE - direct contact condensing heat recovery, and Dry Rex - low-temperature biomass drying systems. The operating segment includes geographical areas that reflect the core business which has units located in Ottawa, Canada and Bristol, UK. The firm derives revenue from Canada, the UK, Germany, France, Poland, India, etc and the rest of the world. Substantial sales revenue comes from the USA.

Executives

William Crossland

Director, Senior Officer

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