Unique Logistics International (Unique Logistics International) Change In Receivables : $1.5 Mil (TTM As of Feb. 2024)

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What is Unique Logistics International Change In Receivables?

Unique Logistics International's change in receivables for the quarter that ended in Feb. 2024 was $-4.4 Mil. It means Unique Logistics International's Accounts Receivable increased by $4.4 Mil from Nov. 2023 to Feb. 2024 .

Unique Logistics International's change in receivables for the fiscal year that ended in May. 2023 was $86.7 Mil. It means Unique Logistics International's Accounts Receivable declined by $86.7 Mil from May. 2022 to May. 2023 .

Unique Logistics International's Accounts Receivable for the quarter that ended in Feb. 2024 was $42.1 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. Unique Logistics International's Days Sales Outstanding for the three months ended in Feb. 2024 was 56.58.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Unique Logistics International's liquidation value for the three months ended in Feb. 2024 was $-61.0 Mil.

Unique Logistics International Change In Receivables Historical Data

The historical data trend for Unique Logistics 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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Unique Logistics International Change In Receivables Chart

Unique Logistics International Annual Data

Trend

May20

May21

May22

May23

Change In Receivables

-1.75

-31.26

-64.47

86.74

Unique Logistics International Quarterly Data
	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												45.11	1.07	-9.11	13.87	-4.37

Unique Logistics 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 $1.5 Mil.

Unique Logistics International (OTCPK:UNQL) 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.

Unique Logistics 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
=	42.059	/	67.83	*	91
=	56.58

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

Unique Logistics 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)
=	6.743	-	99.284	+	0.75 * 42.059	+	0.5 * 0
=	-61.0

Unique Logistics International Change In Receivables Related Terms

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Unique Logistics International (Unique Logistics International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Unique Logistics International Inc (OTCPK:UNQL) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

154-09, 146th Avenue, Jamaica, NY, USA, 11434

Website

https://www.unique-logistics.com

Unique Logistics International Inc is a logistics and freight forwarding company. Its services include Air Freight, Ocean Freight, Customs Brokerage, Insurance, Domestic Distribution, and DDP and Fiscal Representation. Geographically, it derives a majority of its revenue from China, Hong Kong and Taiwan.

Executives

Migdalia Diaz	officer: Chief Operating Officer	3722 CASTEEL PARK DRIVE, MARIETTA GA 30064
Sunandan Ray	director, officer: Chief Executive Officer	320 SOUTHDOWN ROAD, LLYOD HARBOR NY 11743
Lee Patrick Man Bun	director	UNIT 05-06, 3/F, ENTERPRISE SQUARE, 9 SHEUNG YUET RD, KOWLOON BAY, KOWLOON K3 1703
David S. Briones	director	C/O PETRO RIVER OIL COMPANY, 1980 POST OAK BLVD., SUITE 2020, HOUSTON TX 77056
Sterling C. Barton	10 percent owner	823 SOUTH SIXTH STREET, SUITE 100, LAS VEGAS NV 89101
Keith S. Barton	10 percent owner	488 MADISON AVENUE, SUITE 1100, NEW YORK NY 10022
Gcnd, Inc.	10 percent owner	C/O GARY WOLF ESQ., 488 MADISON AVE., STE. 1100, NEW YORK NY 10022