POSaBIT Systems (XCNQ:PBIT) Change In Receivables : C$-0.10 Mil (TTM As of Dec. 2023)

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What is POSaBIT Systems Change In Receivables?

POSaBIT Systems's change in receivables for the quarter that ended in Dec. 2023 was C$-0.64 Mil. It means POSaBIT Systems's Accounts Receivable increased by C$0.64 Mil from Sep. 2023 to Dec. 2023 .

POSaBIT Systems's change in receivables for the fiscal year that ended in Dec. 2023 was C$-0.10 Mil. It means POSaBIT Systems's Accounts Receivable increased by C$0.10 Mil from Dec. 2022 to Dec. 2023 .

POSaBIT Systems's Accounts Receivable for the quarter that ended in Dec. 2023 was C$1.67 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. POSaBIT Systems's Days Sales Outstanding for the three months ended in Dec. 2023 was 22.67.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. POSaBIT Systems's liquidation value for the three months ended in Dec. 2023 was C$-7.23 Mil.

POSaBIT Systems Change In Receivables Historical Data

The historical data trend for POSaBIT Systems'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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POSaBIT Systems Change In Receivables Chart

POSaBIT Systems Annual Data

Trend

Oct17

Oct18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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0.22

-1.91

-0.56

-11.44

-0.10

POSaBIT Systems Quarterly Data
	Jan19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-10.28	-0.21	-0.34	1.10	-0.64

POSaBIT Systems 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.10 Mil.

POSaBIT Systems (XCNQ:PBIT) 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.

POSaBIT Systems's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.674	/	6.739	*	91
=	22.67

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

POSaBIT Systems's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2.042	-	10.534	+	0.75 * 1.674	+	0.5 * 0.019
=	-7.23

POSaBIT Systems Change In Receivables Related Terms

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POSaBIT Systems (XCNQ:PBIT) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » POSaBIT Systems Corp (XCNQ:PBIT) » Definitions » Change In Receivables

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POSAF:USA

Address

11915 124th Ave NE, Kirkland, WA, USA, 98034

Website

https://www.posabit.com

POSaBIT Systems Corp is a financial technology company. The company involves the point-of-sale arrangements designed to offer consumers an easy way to purchase goods and services. The company offers Payment Services and Point-of-Sale (POS) Services. The majority of its revenue comes from Payment Services, which generates revenues via setup costs, hardware costs, transaction fees, and convenience fees. Its geographical segments are Canada and the United States, of which all of its revenues come from the United States.

Executives

Alex Sharp

10% Security Holder

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