Critical Infrastructure Technologies (XCNQ:CTTT) Change In Receivables : C$0.32 Mil (TTM As of Mar. 2024)

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What is Critical Infrastructure Technologies Change In Receivables?

Critical Infrastructure Technologies's change in receivables for the quarter that ended in Mar. 2024 was C$0.41 Mil. It means Critical Infrastructure Technologies's Accounts Receivable declined by C$0.41 Mil from Dec. 2023 to Mar. 2024 .

Critical Infrastructure Technologies's change in receivables for the fiscal year that ended in Jun. 2023 was C$0.90 Mil. It means Critical Infrastructure Technologies's Accounts Receivable declined by C$0.90 Mil from Jun. 2022 to Jun. 2023 .

Critical Infrastructure Technologies's Accounts Receivable for the quarter that ended in Mar. 2024 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. Critical Infrastructure Technologies's liquidation value for the three months ended in Mar. 2024 was C$-1.96 Mil.

Critical Infrastructure Technologies Change In Receivables Historical Data

The historical data trend for Critical Infrastructure Technologies'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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Critical Infrastructure Technologies Change In Receivables Chart

Critical Infrastructure Technologies Annual Data

Trend

Jun21

Jun22

Jun23

Change In Receivables

-0.50

0.90

Critical Infrastructure Technologies Quarterly Data
	Jun22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial			-	-	-0.02	-0.07	0.41

Critical Infrastructure Technologies 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$0.32 Mil.

Critical Infrastructure Technologies (XCNQ:CTTT) 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.

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

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

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

Critical Infrastructure Technologies'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)
=	0.148	-	2.107	+	0.75 * 0	+	0.5 * 0
=	-1.96

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Critical Infrastructure Technologies (XCNQ:CTTT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Critical Infrastructure Technologies Ltd (XCNQ:CTTT) » Definitions » Change In Receivables

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Traded in Other Exchanges

N/A

Address

1066 West Hastings Street, Suite 2600, Vancouver, BC, CAN, V6E 3X1

Website

https://www.citech.com.au

Critical Infrastructure Technologies Ltd designs and develops rapidly deployable infrastructure and power systems to support life and mission-critical applications. The company's product set is a range of rapidly deployable, high-capacity communications platforms called the NEXUS 16 and CiNet. The NEXUS 16 is a fully integrated, high-capacity communications platform that can be quickly and safely transported to remote and hostile locations and be fully operational and transmitted in under 60 minutes. CiNet was built to support the Nexus products and provide seamless integration into the operator's own Network Management Systems.

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